Wirecard offers global acting enterprises new payout channels for suppliers and partners

"Virtual" credit cards enable fast and cost-efficient global payments

Berlin, Munich / Grasbrunn – September 22, 2006: Wirecard AG, one of Europe’s leading provider of international payment systems and risk management services, now offers enterprises its Supplier and Commission Payments product – a new solution for electronic payouts to their partners and suppliers.

This solution is based on an automated issuing of "virtual" credit cards by Wirecard Bank AG. Supplier or commission payouts to be transferred internationally (e.g. payment of intermediary commissions by hotels to travel agencies) can be processed and settled by electronic dispatch of single- and restricted-use “virtual” credit card numbers.

“Virtual” credit cards are a new product on offer from Wirecard Bank. In the process, the need to issue a physical plastic card is dispensed with, and the card data is made available in purely electronic format. Depending on their configuration, the cards can be used both on the Internet as well as for POS input or cash desk systems.

Optionally, for each transaction - for instance when booking a flight - an individual "virtual" credit card can be generated, making it possible for incoming funds to be automatically reconciled without any changes being made to settlement processes. Further context information, e.g. invoice and booking numbers, can be added to payout transactions.

Transmission of payout data is effected real-time across the globe without any bank information having to be exchanged beforehand. While regular international transfers involve substantial extra time and expenses, “virtual” credit cards can be charged worldwide at any credit card acceptance point at a fraction of the cost of an international transfer.

Jörg Möller, VP Travel & Transportation of Wirecard AG: "Last year, billions of euros in commissions were paid throughout the world in the travel and tourism industry alone. With our new solution, not only can we support our clients in the travel industry as far as acceptance of payments is concerned, but also when they make payouts to their partners and service providers."

The Wirecard Supplier and Commission Payments solution is fully integrated into the Wirecard payment transaction platform. Optionally, when incoming funds are registered, pro-rata payouts can automatically be triggered to suppliers or sales partners.

With its Supplier and Commission Payments product, Wirecard provides a fast and cost-effcient way for the settlement of international payments.

About Wirecard:

Wirecard AG is one of Europe’s leading providers of payment systems and risk management services. The company offers customers a wide range of international payment options. CLICK2PAY, the alternative payment solution of Wirecard AG, is actively engaged in 24 countries and has a global orientation with its seven currencies and eleven languages. Being a Principal Member of VISA, MasterCard Europe and JCB International, Wirecard Bank AG supplements the portfolio of services. In addition to handling transactions over the Internet, the software platform seamlessly integrates all sales channels via Call Center and conventional POS. The Wirecard software platform is being used by more than 6,000 enterprises across the globe, including dba, Gulf Air, HSE24 and QVC. Wirecard AG is listed on TecDAX of Deutsche Börse, the Frankfurt Stock Exchange (ISIN DE0007472060, ticker symbol: IGP).

Press Release

www.wirecardbank.de
www.wirecard.de
www.click2pay.de

Media Contact: Iris Stöckl
Tel.: +49 (0) 89 / 4424 0424
iris.stoeckl@wirecard.com