ASCHHEIM, Germany and
LONDON, December 14, 2017 /PRNewswire/ --
- Wirecard’s online
merchants can now integrate Pay by Bank app as a new payment
method
- Users of boon, Wirecard’s mobile payment app, will be able to
fund their accounts via Pay by Bank app
Today, Wirecard and Mastercard made Pay by Bank app, a fully
digital payment solution, available to all Wirecard merchants in
the UK.
Pay by Bank app was created by Vocalink, a Mastercard company,
and it enables people to make 'digital debit' payments for goods
and services via their banking app, with payment made directly from
their current account. From today, Wirecard online merchants will
be able to integrate Pay by Bank app into their checkout pages,
offering this new payment method to their customers.
With this, the process becomes quick and seamless, with no need
for a separate PIN, password or a card number. Transactions take
place in real-time and shoppers can see their account balance
before making the payment. Each Pay by Bank app payment is made
directly from the bank account and uses secure digital 'tokens',
meaning you never reveal any financial details. Crucially,
verification is handled by the existing, trusted bank app.
Wirecard's mobile payment app, boon, will be the first digital
wallet to use Pay by Bank app as boon users can load funds in
real-time and straight from their Pingit banking app - the new
version of the app will be made available to consumers soon.
Jon Wood, Chief Commercial
Officer, Pay by Bank app at Mastercard, said: "Pay by Bank app is
set to shape the future of online and mobile shopping, as more
banks and merchants offer this as a payment option to shoppers, and
as more UK banks make Pay by Bank app available to millions of
customers. We're pleased that Wirecard becomes the first business
to offer this capability at both ends of the spectrum, both as a
card issuer and an acquirer. Mastercard remain committed to
transforming the payments landscape with this fast, secure and
convenient new way to pay. More banks will be offering this to
their account holders in 2018, including HSBC."
Georg von Waldenfels, Executive
Vice President Consumer Solutions at Wirecard, said, "Wirecard and
Pay by Bank app are a convenient match for consumers and merchants
wanting to use entirely mobile, digital and secure payment
solutions. We're delighted to be working together with Mastercard
to deliver a state-of-the-art experience to millions of
consumers."
About Wirecard:
Wirecard AG is a global technology group that supports companies
in accepting electronic payments from all sales channels. As a
leading independent supplier, the Wirecard Group offers outsourcing
and white label solutions for electronic payments. A global
platform bundles international payment acceptances and methods with
supplementary fraud prevention solutions. With regard to issuing
own payment instruments in the form of cards or mobile payment
solutions, the Wirecard Group provides companies with an end-to-end
infrastructure, including the requisite licences for card and
account products. Wirecard AG is listed on the Frankfurt Securities
Exchange (TecDAX, ISIN DE0007472060, WDI). For further information
about Wirecard, please visit http://www.wirecard.com or follow us
on twitter @wirecard.
About Mastercard:
Mastercard (NYSE: MA), http://www.mastercard.com , is a
technology company in the global payments industry. We operate
the world's fastest payments processing network, connecting
consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday
commerce activities - such as shopping, traveling, running a
business and managing finances - easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews, join
the discussion on the Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49(0)89-4424-1363
E-Mail: jana.tilz@wirecard.com
Mastercard media contact:
Mastercard UK & Ireland
Adam Keal
Tel.: +44-20-7557-5182
E-Mail: adam.keal@mastercard.com