Founded in 1999, Wirecard is headquartered in Aschheim, Germany, and is one of the leading international providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group assists in helping companies of all sizes 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.
Additionally, Wirecard partners with Visa, MasterCard, American Express, Bitkom, and JCB to accommodate as many payment methods as possible. Wirecard has grown throughout the years, making an effort to add value to its products and services for customers. With more than 29,000 customers, Wirecard has attracted major customers, including telecommunications powerhouse, Orange SA, as well as many others.
Wirecard’s subsidiaries include: Wirecard Bank AG, Wirecard Communication Service GmbH, Wirecard Card Solutions Limited, and Wirecard Processing FZ LLC.
In 2015, launched the mobile payment solution, boon. It works throughout the word, gaining entry into the North American market by acquiring Citi Prepaid Card Services in the suburbs of Philadelphia, PA in 2016. Also in 2016, Wirecard Card Solutions Ltd. began dealing with GPS (Global Processing Services) and Bottomline Technologies to support ”U,” a digital agency banking solution that was created by FFF Ltd., a UK program manager. The U Account is unique because it offers users improved current account functionality without the hassle and cost of using a bank. Its focus on personalization, easy digital access and transparent pricing for bolt-on account services are cutting edge in the market in the UK. The U Account is unique in that it targets customers who feel underserved and overcharged by banks.
Additionally, Wirecard along with Allianz Partners and Visa also recently launched the new mobile payment solution, Allianz Prime. Allianz Prime allows users to make secure mobile transactions at all contactless enabled terminals worldwide.
Another unique aspect of Wirecard is that it harnesses customer data to create predictive models and patterns that give sales teams greater insights into customer purchasing patterns.