Prepaid offer from Wirecard Bank AG combines the best of two worlds

PRESS RELEASE / mywirecard
Prepaid offer from Wirecard Bank AG combines the best of two
worlds under the mywirecard label
Individual clients’ needs are met once again
Grasbrunn/Munich, February 28, 2011. In order to meet customer needs
even better, Munich-based Wirecard Bank AG has now combined its prepaid
card products under a single brand. Whether it is the free virtual Mastercard
for convenient shopping on the Web or the unpersonalized mywirecard
2go Visa used at points of sale, under the mywirecard brand name,
customers demands are met.
Consumers have a choice between two prepaid cards available in different
versions: the mywirecard 2go Visa and the mywirecard Mastercard.
mywirecard 2go Visa is a non-personalized card that is handled like eMoney.
It enables anonymous shopping and is also an excellent choice as a
gift card; mywirecard 2go Visa is available at service stations and kiosks
throughout Germany. A single top up of the mywirecard 2go Visa directly at
the time of purchase is free of charge and doesn’t require the disclosure of
personal data; if a mywirecard 2go Visa is activated via SMS or the Internet,
the amount paid in is available immediately. If users want a card to be
activated for further topping-up, they register by entering some personal
data and can then top up the card as often as they like, subject to a charge.
The virtual mywirecard Mastercard was designed for people who don’t
have a credit card or who don’t wish to use their conventional credit cards
on the Internet. Online registration at www.mywirecard.com takes seconds.
As soon as the card reflects a credit balance, the user is given all the card
data required for shopping on the Web, i.e. a card number, an expiration
date and a card verification code. When the amount paid in has been
spent, the account can be topped up again and again. A real plus is that,
although the mywirecard-Mastercard is a virtual product, the card can be
topped up with cash at a POS.
If the transaction volume with mywirecard 2go Visa or mywirecard Mastercard
exceeds 2,500 euros per annum, an identity check via the PostIdent
procedure is necessary.
Wirecard AG | Bretonischer Ring 4 | 85630 Grasbrunn 1
Phone: +49 (0) 89 / 4424 - 0400 | Fax: +49 (0) 89 / 4424 - 0500
E-Mail: presse@wirecard.com | www.wirecard.com

“As one of the leading providers of electronic payment processing services,
we know that customers’ payment behavior is determined by the individual’s
living conditions and personal preferences. To meet people’s varying
needs, we have combined two products with different versions under the
mywirecard label. Whether Mastercard or Visa, whether physical or virtual,
whether unpersonalized or subject to full identity checks, a mywirecard solution
is there for everyone“, says Oliver Bellenhaus, Executive Vice President
Consumer Products at Wirecard Bank AG.
Practical add-in services round off the range on offer from Wirecard Bank
AG. For instance, registered clients have their transaction data available in
the online statement of account updated on a daily basis. Another plus:
mywirecard users can make real-time money transfers to each other within
their given product registration status. As well top ups are extremely convenient
for both products: cash or card deposits can be made at a POS or
by transfer from a bank account, as preferred.
It’s not just consumers who benefit from prepaid cards—merchants do, as
well. Unlike with conventional credit cards, thanks to the prepaid function
everybody is accepted. This gives shop managers and retail sellers a new
source of potential customers. What’s more, it doesn’t call for any additional
expense or effort: there is no need to integrate yet another payment service.
Payment using mywirecard 2go Visa or mywirecard Mastercard requires
no more than standard Visa or Mastercard acceptance.
Wirecard media contacts:
Wirecard AG
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn, Germany
Tel.: +49 (0) 89 4424 1424
Fax: +49 (0) 89 4424 2424
E-mail: iris.stoeckl@wirecard.com
About Wirecard:
Wirecard AG is one of the leading international providers of electronic payment and risk
management solutions. Worldwide, the Wirecard Group supports over 11,000 companies
from many and various 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 15 payout currencies. Part of the Wirecard Group, Wirecard
Bank provides innovative solutions in the fields of corporate banking, prepaid and cobranded
cards, along with account products for both business and private customers.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).
www.wirecard.com | www.wirecardbank.com | www.mywirecard.com
Wirecard AG | Bretonischer Ring 4 | 85630 Grasbrunn 2
Phone: +49 (0) 89 / 4424 - 0400 | Fax: +49 (0) 89 / 4424 - 0500
E-Mail: presse@wirecard.com | www.wirecard.com