ITB 2012: Wirecard Presents Tokenization Server

News provided by

Wirecard AG

13 Feb, 2012, 10:22 GMT

MUNICH, February 13, 2012 /PRNewswire/ --

  • Data safe replaces storage of sensitive card data in booking systems
  • End-to-end integration in company systems increases security

Wirecard AG, one of the world's leading companies for payment processing, is presenting its new solution for the tourism industry at this year's ITB. "Tokenization" is a method which replaces sensitive data such as credit card numbers with a so-called token. A token can be used by systems and applications with no restrictions, while the original data are stored in a secure, PCI-conform data safe.

The advantages for companies in the tourist sector are clear to see: The costs and effort involved in data-conform audits in line with the PCI DSS requirements are cut substantially. End-to-end integration in the company's software ensures that data stored locally are only available as a token, unauthorized access to sensitive card data is thus impossible. This not only significantly reduces the risk of credit card fraud, but also ensures brand protection.

Jörg Möller, Executive VP Travel & Transportation at Wirecard AG, added: "In the tourism industry, the subject of data protection is a major challenge, for travel operators in particular. Our new solution increases the security but not complexity of payment processing. This protects both providers and consumers. Tokens can be used for all payment transactions."

Wirecard AG's tokenization modules can also be freely configured. As a result, alphanumerical sequences can be set up, which correspond exactly to a credit card's data format. Existing systems do not have to be adjusted.

Visit us at the ITB in Berlin, Hall 6.1, booth 142.



 

About Wirecard:

Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 12,000 companies from a wide range of industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies.  Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers.  

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

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

Wirecard media contacts: 
    Wirecard AG                   COMMUNICATION Press and PR
    Maren Brandt                  Jacqueline Althaller
    Einsteinring 35               Hohenzollernstrasse 7
    D-85609 Aschheim              80801 Munich
    Phone: +49(0)89-4424-1425     Phone: +49(0)89-38-66-52-60
    Fax: +49(0)894424-2425        Fax: +49(0)89-38-66-52-75
    E-mail:                       E-mail:
    maren.brandt@wirecard.com     info@communicationmunich.de
    Internet:                     Internet:
    http://www.wirecard.de        http://www.communicationmunich.de