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Wirecard and payleven Launch Far-reaching Strategic Technology Alliance

Poster: SySAdmin
Posted on June 3, 2013 at 3:14:01 AM
Wirecard and payleven Launch Far-reaching Strategic Technology Alliance

MUNICH, June 3, 2013 /PRNewswire/ --

    Munich-based Wirecard AG and payleven GmbH, based in Berlin and London, have agreed a
strategic alliance for new mobile payments technologies. payleven's chip and PIN-card
readers are primarily geared to SMEs. The strategic alliance is based on the international
expansion of innovative point of sale payment solutions (M-POS).

    Wirecard AG is one of the world's leading independent providers of outsourcing and
white label solutions for electronic payment transactions, and will contribute its core
competences to the alliance. This expertise includes both acquiring and also central
process stages for mobile card reader technology: from risk and fraud management and
processing services as well as certifications and licenses through to hardware
development.

    Jörn Leogrande, VP for Mobile Services at Wirecard AG, noted: "payleven is a
fast-growing company for mobile card acceptance, and is pursuing ambitious international
targets. We are pleased to be able to contribute our expertise to this success story."

    Konstantin Wolff, payleven's CMO explained the reasons behind the strategic alliance:
"We have found a strong partner in Wirecard, which has more than 13 years of experience in
international payment services. The strategic alliance with Wirecard AG will bundle
enormous competence with strong innovational prowess, and will enable us to meet the needs
of both the market and our customers with even better products."

    The strategic alliance between payleven and Wirecard spans various strategic product
issues, independent of the respective marketing strategy. payleven will continue to
operate in the SME segment. Wirecard's white label program for mobile card readers is
geared to sales partners who can design the product with their own look and feel.

    About payleven:

    payleven is Europe's technologically leading solution for mobile payments and helps
merchants of all sizes to realize new business potential. Based on a "plug & pay"
principle, payleven merchants can offer their clients Chip&PIN debit and credit card
payments via their smartphone or tablet devices - offering a mobile, cost-effective and
secure alternative to traditional card payment terminals. payleven offers a variety of
additional features, helping customers to maximize the potential of their business.

    Founded by payment experts and entrepreneurs Konstantin Wolff (CMO), Rafael Otero
(CTO) and Alston Zecha (COO), payleven brings fresh air into the traditional world of
finance. With 90 employees working in the UK, Germany, Italy, Benelux, Poland and Brazil,
payleven is shaping the future of the payment world.

    More information is available on http://www.payleven.co.uk

    About Wirecard AG:

    Wirecard AG is one of the world's leading independent providers of outsourcing and
white label solutions for electronic payment transactions. The Wirecard Group has been
supporting companies in accepting electronic payments from all sales channels. A global
multi-channel platform bundles international payment acceptances and methods, supplemented
by fraud prevention solutions. When it comes to issuing their own payment instruments in
the form of cards or mobile payment solutions, Wirecard provides companies with an
end-to-end infrastructure, including the requisite licenses for card and account products.

    Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).

    http://www.wirecard.com | http://www.wirecardbank.com |
http://www.mywirecard.com

       
        Wirecard Media Contact:

        Wirecard AG
        Maren Brandt
        Einsteinring 35
        D-85609 Aschheim / Munich
        Germany
        Ph.: +49(0)89-4424-1425
        Fax: +49(0)89-4424-2425
        e-mail: maren.brandt@wirecard.com

        Payleven Media Contact:

        Payleven
        Christian Hillemeyer
        Head of PR
        Tel.: +49(0)30-809-520-145
        E-Mail: christian.hillemeyer@payleven.de

Wirecard AG
 
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