Advertise with us
[January 30, 2013]
Wirecard Supports Telefonica's Mobile Payments
MUNICH, Jan 30, 2013 (PR Newswire Europe via COMTEX) -- 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), Telefonica 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 Wirecard AG, which is both a software company and card-issuing bank. Wirecard manages the processes that Telefonica needs, such as payment processing and the provisioning of the virtual "O2 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, Telefonica 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 O2 Wallet, the digital wallet of Telefonica. 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, Telefonica'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:
] About Wirecard: 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 customers.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
About Telefonica Germany: Telefonica Deutschland Holding AG, listed at the Frankfurt Stock Exchange in the Prime Standard, and its wholly-owned, operationally active subsidiary Telefonica Germany GmbH & Co. OHG belong to Telefonica Europe and are part of the Spanish telecommunication group Telefonica 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. Telefonica Europe has more than 105 million mobile and fixed network customers in Spain, Great Britain, Ireland, the Czech Republic, Slovakia and Germany.
Wirecard media contact: Wirecard AG Maren Brandt Einsteinring 35 85609 Aschheim Tel.: +49-(0)89-4424-1425 Fax: +49-(0)89-4424-2425 E-mail: email@example.com Internet:
Telefonica media contact: Ralf Opalka, Press Spokesman PR Office Telefonica Germany Georg-Brauchle-Ring 23-25 80992 Munich
Back To NFVZone's Homepage