Wirecard

Infobox Company | company_name = Wirecard AG
company_
company_type = Public (TecDAX / [http://deutsche-boerse.com/dbag/dispatch/de/isg/gdb_navigation/home?module=InOverview_Equi&wp=DE0007472060&foldertype=_Equi&wplist=DE0007472060&active=overview&wpbpl= WDI] )
ISIN DE0007472060
company_slogan =
foundation = flagicon|GER Munich, Germany, 1999
location_city = Berlin
location_country = Germany
key_people = Dr. Markus Braun, CEO
Burkhard Ley, CFO
Rüdiger Trautmann, COO
num_employees = 459 (FY 2007)
industry = Financial Services, Technology
revenue = profit Revenue: €134.168 million
profit EBIT: €33.089 million
(FY 2006)
products = Electronic Payment, Risk Management, Internet Payment Service, Card Issuing/Acquiring, Banking
homepage = [http://www.wirecard.com/ www.wirecard.com]

Wirecard AG is a global financial services and technology company headquartered in Germany. The company provides payment processing, card issuing and risk management services to more than 9.000 corporate customers worldwide. Its Internet payment service [http://www.mywirecard.com "Wirecard"] competes with PayPal and Western Union. Wirecard Bank AG operates under a German Banking License and is a Principal Member of VISA, MasterCard and JCB. Wirecard AG is listed on the Frankfurt Securities Exchange.

Financial Information

Wirecard AG reported consolidated full-year revenues of EUR 134.168 million for fiscal 2007 (2006: 81.94 mio.). Operating earnings before interest and tax (EBIT) rose to EUR 33.089 million in 2007, up from EUR 18.56 million in fiscal 2006 [cite web|url=http://ir.wirecard.com/dl/dl.ssp?id=273646|title=Wirecard AG / Annual Report 2007] .

Wirecard AG is listed on the TecDAX [cite web|url=http://deutsche-boerse.com/dbag/dispatch/en/isg/gdb_navigation/home?active=constituents&module=InConstituents_Index&wp=DE0007203275&wplist=DE0007203275&foldertype=_Index&wpbpl=ETR
title=Deutsche Börse / Official listing of TecDAX member companies] index of Deutsche Börse since September 18, 2006 and now ranks among the 30 largest German technology companies below the DAX.

Products & Services

In November 2006, Wirecard launched an Internet payment service called [http://www.wirecard.com/wirecard "Wirecard"] . By registering online the consumer opens an account at Wirecard Bank which he can load by cash, cards, direct debit, wire transfer or various local payment schemes. The service includes a free virtual prepaid MasterCard for consumers that can be used to pay at millions of MasterCard locations world-wide. In addition to standard MasterCard products, the Wirecard system also enables users to send each other money in real-time. An optional physical MasterCard enables users to pay at 24.7 million MasterCard brick&mortar acceptance points and to withdraw cash at nearly 1 million ATMs worldwide.

Wirecard AG's electronic payment processing and risk management platform supports more than 85 local and international payment and fraud protection schemes. Wirecard AG is a member of ADP CardClear and IATA.

Wirecard's Supplier and Commission Payments (SCP) product enables automated global settlement of payments to suppliers and sales agents. The service 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.

Wirecard Bank AG provides card acquiring services to corporate clients for VISA, MasterCard and JCB. Various types of credit and debit cards are issued for private and corporate customers.

Bank Status

Since January 1, 2006 [http://www.wirecardbank.com Wirecard Bank AG] is part of the Wirecard Group. Wirecard Bank holds a [http://www.bafin.de/datenbanken/ki.pdf full banking license] and is a Principal Member of VISA, MasterCard and JCB. The bank's deposits are secured by the [http://www.bankenverband.de/einlagensicherung Deposit Protection Fund] of the Association of German Banks (Einlagensicherungsfonds deutscher Banken e.V).

Wirecard Bank operates a [http://slurl.com/secondlife/Wirecard/128/128/0 virtual branch] inside the 3-D virtual world Second Life.

Wirecard Bank has purchased a license from Mindark, the operators of the Entropia Universe virtual world, to operate a bank within the Entropia Universe but have not yet opened their virtual bank ( as of May 2008 )

References

Press Coverage

* [http://www9.wirecard.com/singleview/article/43/shopping-at.html?cHash=52edca5520 Press Release: Shopping at Dell with Wirecard: Convenient, fast and secure]
* [http://www9.wirecard.com/singleview/article/43/wirecard-ag-5.html?cHash=b041c0289a Press Release: Wirecard AG at the 2007 Games Convention - Meet the Cube and Move your Money ]
* [http://www.pcmag.com/article2/0,1895,2136510,00.asp PC Magazine: Wirecard Explains How Virtual Banking Will Work]

* [http://www.cardmarketing2.com/DasBlog/PermaLink,guid,ad6f151b-6202-46c5-843c-8246a8bb247e.aspx CardMarketing 2.0: Wirecard Bank sets up in Second Life]

* [http://www.slnn.com/article/wirecard/ SLNN.COM: Wirecard AG is the first German bank to open an island in SL]

External links

* [http://www.wirecard.com Official site]
* [http://www.wirecard.com/wirecard Internet payment service Wirecard]