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