Inactive Instrument

Wirecard AG Deutsche Boerse AG

WDI

DE0007472060

Wirecard : to become strategic development partner of Visa Europe Collab

January 18, 2016 at 01:11 pm IST

Posted on 01/18/2016 at 08:30

Cooperation to serve the FinTech space

Wirecard Technologies GmbH, a subsidiary of the leading specialist for payment processing and financial technology Wirecard AG, has announced entering a partnership with Visa Europe Collab, an initiative from Visa Europe that operates Innovation Labs in Berlin, London and Tel Aviv. As a strategic development partner of Visa Europe Collab, Wirecard will provide its technology and banking solutions as well as its in-depth market expertise. The aim of this close collaboration is to jointly offer FinTech start-ups and technology entrepreneurs the insight, partner networks and essential tools like platforms and interfaces to develop services are set to revolutionise the payment experience.

Visa Europe Collab's specific focus is on designing and creating new products and services through collaboration and partnership with technology and digital organisations from the whole payments ecosystem. As part of these activities, Visa Europe Collab runs Proof of Concepts (POCs), Proof of Technologies (POTs) or Proof of Propositions (POPs) together with partners.

Susanne Steidl, EVP Issuing Services at Wirecard: 'We are looking forward to this partnership with Visa Europe Collab, which is part of our long-term strategy to increase our activity in the FinTech industry. The cooperation will provide global FinTech start-ups with access to our complete range of services: from banking to software and payment solutions, risk management, card issuing and value added services - everything from a single source. Our long-standing experience in reinventing payments and related banking services using internet technologies together with the creativity and the speed of FinTechs will enable us to create the innovative solutions expected by the customers of today.'

Visit Wirecard at DLD16 in Munich (17 - 19 January 2016) and listen to the FinTech-Panel with Wirecard-CEO Markus Braun, 19 January, 11:10 am CET.

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Wirecard AG issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 07:40:03 UTC

Original Document: https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-to-become-strategic-development-partner-of-visa-europe-collab/

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Company Profile

Wirecard AG is a Germany-based provider of electronic payment and risk management applications with focus on the development and provision of technologies and services for payment transactions. It operates through three segments: the Payment Processing and Risk Management (PP&RM) segment, which accounts for all products and services for electronic payment processing and risk management; the Acquiring & Issuing (A&I) segment, which comprises the activities of Wirecard Bank AG, including credit card issuing and credit card sales revenues statements for online and terminal payments, as well as offers processing of clients' payment transactions via accounts kept with Wirecard Bank AG, and the Call Center & Communication Services (CC&CS) segment, which offers all products and services related to call center-supported relationship management of corporate and private customers, including after-sales service and mailing activities, among others.

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