Wirecard
 | |
| Type | Aktiengesellschaft |
|---|---|
| Traded as | FWB: WDI |
| Industry | Financial services, technology |
| Founded | 1999 |
| Headquarters | Aschheim, Germany |
| Key people | Markus Braun (CEO), Wulf Matthias (Chairman of the supervisory board) |
| Products | Payment processing, electronic payment services, banking, card issuance, credit checking |
| Revenue | €271.6 million (2010)[1] |
| Operating income | €67.4 million (2010)[1] |
| Profit | €54.0 million (2010)[1] |
| Total assets | €549.9 million (end 2010)[1] |
| Total equity | €289.8 million (end 2010)[1] |
| Employees | 500 (end 2010)[1] |
| Website | www.wirecard.com |
Wirecard AG (until April 6, 2005: InfoGenie AG) is a global[citation needed] financial services and technology company headquartered in Aschheim, Munich, Germany. The company provides payment processing, card issuing and risk management services to more than 14.000[citation needed] corporate customers worldwide. Its Internet payment service 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
According to preliminary figures, Group sales revenues of the Wirecard AG were up by 16 percent, from 196.8 million euros in the previous year to 228.3 million euros in 2009. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 16 percent, from 52.4 million euros to 60.8 million euros. Earnings before interest and taxes (EBIT) were up by 15.7 percent, from 49.0 million euros to 56.7million euros.[2]
Wirecard AG is listed on the TecDAX [3] index of Deutsche Börse since September 18, 2006 and now ranks among the 30 largest German technology companies below the DAX.
Products and services
In November 2006, Wirecard launched an Internet payment service called "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 worldwide. 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.
The largest German virtual shopping mall Yatego and Wirecard concluded a contract to improve the credit card acceptance in 2009.[4]
Bank status
Since January 1, 2006 Wirecard Bank AG is part of the Wirecard Group. Wirecard Bank holds a full banking license and is a Principal Member of VISA, MasterCard and JCB. The bank's deposits are secured by the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds deutscher Banken e.V).
Wirecard Bank operates a 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 has as of April 2009 not yet opened their virtual bank.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Report 2010". Wirecard. Retrieved 22 April 2011.
- ↑ "Wirecard AG / Annual Report 2007".
- ↑ "Deutsche Börse / Official listing of TecDAX member companies".
- ↑ "Yatego enters into Framework Agreement with Wirecard".
External links
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