Introducing the Fraud Prevention Suite to Combat Fraud in International eCommerce

By Wirecard Ag, PRNE
Sunday, March 7, 2010

Wirecard AG Presents a Further Development in the Field of Risk Management

GRASBRUNN and MUNICH, Germany, March 8, 2010 - Munich-based Wirecard AG introduces the Fraud Prevention Suite, a further
development within the scope of its risk management product line. By means of
a refined analytics system, fraud patterns automatically identified in the
field of electronic online payments processing are now directly included in
bodies of rules to combat fraud in international eCommerce.

The Fraud Prevention Suite provides merchants with optimum fraud
detection facilities, combined with a simultaneous minimization of the number
of transactions erroneously categorized as being suspected of fraud. This is
because portfolio data is used to optimize sets of rules by means of
integrated simulation functions to assess the relationship between identified
cases of fraud to rejected, regular transactions.

Not only are merchants operating with an international reach exposed to
fraud attempts more frequently; they also have to contend with a larger
variety of fraud patterns than merchants trading within a single country.
Particularly as far as credit card processing on a global scale is concerned,
the challenge is to be able to identify fraud better and faster and to take
preventive steps to counteract fraud.

"Online fraud is becoming increasingly sophisticated
internationally," says Heiner Kallweit, Head of Product Line Risk & Fraud
Prevention at Wirecard AG. "On the basis of our many years' experience, in
combination with new software developed we have created a solution which,
based on extensive possibilities of analyzing inventory data, identifies
online fraud before damage or loss can occur," adding: "In this context, the
behavior patterns differ completely from one industry segment to another,
making it necessary for industry-specific parameters of relevance relating to
fraud to be included in fraud detection as such. In the case of airlines, for
instance, these are the route, method of payment, flight class or advance
booking periods. The system even identifies complex patterns to distinguish
genuine transactions from fraudulent ones."

Wirecard AG has adjusted its new Fraud Prevention Suite solution to the
requirements of the core industries of eCommerce: consumer goods,
airlines/tourism and digital goods.

The range on offer from technology services provider Wirecard comprises
individually tailored, industry- and customer-specific payment and risk
management systems, ranging from special BSP solutions for airlines,
tele-shopping and Internet trading all the way through to PoS terminal
solutions in the stationary segment. The services of the online-oriented
Wirecard Bank complement and extend the array of products and services for
business customers to include credit card acceptance agreements (acquiring),
banking services and innovative prepaid card products.

About Wirecard:

Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group supports
over 10,000 companies from many and various industry segments in automating
their payment processes and minimizing payment defaults. Wirecard Bank AG is
a Principal Member of VISA, MasterCard as well as JCB, operating as a credit
card acquirer in more than 69 countries across the globe, with more than 100
transaction and 15 payout currencies. Within the Wirecard Group, the Wirecard
Bank provides innovative solutions in the fields of corporate banking,
prepaid and co-branded cards as well as account products, both for commercial
and private clients.

Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN
DE0007472060, WDI).

www.wirecard.com | www.wirecardbank.de |
www.mywirecard.com

    Wirecard media contact:

    Wirecard AG
    Iris Stöckl
    Bretonischer Ring 4
    D-85630 Grasbrunn
    Tel.: +49-(0)89-4424-0424
    Fax:  +49-(0)89 4424-0524
    E-mail: iris.stoeckl@wirecard.com
    Internet: www.wirecard.de

Wirecard media contact: Wirecard AG, Iris Stöckl, Bretonischer Ring 4, D-85630 Grasbrunn, Tel.: +49-(0)89-4424-0424, Fax: +49-(0)89 4424-0524, E-mail: iris.stoeckl at wirecard.com

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