Wirecard Supports Telefónica's Mobile Payments
MUNICH, January 30, 2013
MUNICH, January 30, 2013 /PRNewswire/ --
Mobile, contactless payments using mobile phones is taking off into the
future. At this year's Hubert Burda Media Digital Conference (DLD), Telefónica
Germany introduced new solutions for direct money transfer from smartphone to
smartphone (person to person) and their digital wallet as part of a show case.
This is based on technical implementation by WirecardAG, which is both a
software company and card-issuing bank. Wirecard manages the processes that
Telefónica needs, such as payment processing and the provisioning of the
virtual "O  Wallet mpass Card" to NFC-enabled SIM cards.
This year, the global innovation network DLD also placed "The Future of Mobile
Payment" on the agenda. At the DLD conference, Wirecard's CEO Markus Braun
noted: "We are at the start of a transformation to become a cash-free
society." The panel discussion concluded that Mobile Payment has already
arrived in Germany.
In October 2012, Telefónica was the first network operator in Germany to
introduce mobile, contactless payments in stores using NFC stickers. These are
attached to the mobile phone to enable it to make payments. The next
developmental stage will follow soon with the O  Wallet, the digital wallet
of Telefónica. NFC technology for contact-free payments will then be included
in the SIM card. In combination with a NFC-enabled mobile phone and the mobile
application "O2 Wallet mpass Card" contactless transactions are possible.
From the middle of February 2013, Telefónica's new service will go live "
mpass sending money " . This will allow transfers to be made from smartphone
to smartphone practically in real time, from one mpass account to another. The
recipient's bank account details are not required. All that is needed is the
mobile phone number.
More on the Mobile Payment Panel at DLD on our Website:
More on Wirecard AG's mobile payment solutions:
Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group supports
over 13,000 companies from a wide range of 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 18 payout currencies. Part of the Wirecard Group, Wirecard Bank
provides innovative solutions in the fields of corporate banking, prepaid and
co-branded cards, along with account products for both business and private
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN
http://www.wirecard.com | http://www.wirecardbank.com |
About Telefónica Germany:
Telefónica Deutschland Holding AG, listed at the Frankfurt Stock Exchange in
the Prime Standard, and its wholly-owned, operationally active subsidiary
Telefónica Germany GmbH & Co. OHG belong to Telefónica Europe and are part of
the Spanish telecommunication group Telefónica S.A. The company offers its
German private and business customers post-paid and prepaid mobile telecom
products as well as innovative mobile data services based on the GPRS, UMTS
and LTE technologies with its product brand O2. In addition, the integrated
communications provider also offers DSL fixed network telephony and high-speed
internet. Telefónica Europe has more than 105 million mobile and fixed network
customers in Spain, Great Britain, Ireland, the Czech Republic, Slovakia and
Wirecard media contact: Wirecard AGMaren Brandt Einsteinring 35 85609 Aschheim
Tel.: +49-(0)89-4424-1425 Fax: +49-(0)89-4424-2425 E-mail:
firstname.lastname@example.org Internet: http://www.wirecard.com Telefónica media
contact: Ralf Opalka, Press Spokesman PR Office Telefónica Germany
Georg-Brauchle-Ring 23-25 80992 Munich
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