Wirecard digitizes loyalty and incentive programs and enables the uploading of money within seconds

Aschheim (Munich) (ots) -

- Wirecard Virtual Express enhances platform services with immediate
and secure access to digital funds
- New mobile-first functionality reflects upward trend in mobile
wallet adoption and increases brand engagement and consumer spend
- Simple and intuitive customer experience minimizes friction and
offers more convenience

Wirecard, the global innovation leader in digital financial
technology, has announced the release of its Virtual Express solution
for immediate and reliable delivery of digital funds including
refunds, incentives, and rewards. The new functionality has been
designed specifically for mobile wallets. Mobile wallet usage is
gaining traction around the globe, with the main payment services
seeing an upsurge in adoption in 2018. Virtual Express is available
immediately to customers in the US and will be rolled out to other
geographies later in the year.

Virtual Express is part of a suite of digital payment solutions
that improve operational efficiencies for businesses while delivering
added convenience for end users. The feature is especially valuable
for companies that want to enhance brand engagement within loyalty
and incentive programs. Virtual Express allows users to access funds
directly and skip the step of card registration. This removes
friction from the payment process and puts funds in consumers' hands
quickly and easily. For businesses, reduced friction increases
redemption and engagement.

Companies that employ digital payment solutions see significant
cost savings over issuing checks - less than $1 compared with up to
$12 per check. Digital delivery keeps consumers in the mobile
ecosystem, prolonging engagement and increasing overall spend.

"The key factors contributing to the ongoing digital
transformation are businesses' ability to tap into consumer
preferences, provide a superior customer experience, and deliver in
real time," said Deirdre Ives, Regional Managing Director North
America at Wirecard. "Virtual Express ticks all the boxes, and we're
very excited to bring this added value and convenience to our clients
and their customers. Wirecard has been leading the industry in terms
of correctly anticipating consumer expectations and delivering
innovative products that resonate."

The Virtual Express user experience is smooth and quick. A
customer simply clicks a secure link in a welcome email, accepts the
terms and conditions and can then choose to shop online immediately
or provision their payment to their preferred wallet to shop anywhere
mobile wallets are accepted.

Virtual Express, as with all of Wirecard's digital payment
technologies, combines the company's core strengths - including
robust data collection and analytics, innovation, and global payments
and banking expertise - to optimize customer relationships

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and consumers with a constantly expanding ecosystem of
real-time value-added services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate
enhancement in all sales channels (online, mobile, ePOS). Wirecard
operates regulated financial institutions in several key markets and
holds issuing and acquiring licenses from all major payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

Wirecard media contact::

Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Original-Content von: Wirecard AG, übermittelt durch news aktuell