L'TUR Expands Cooperation With Wirecard AG
By Wirecard Ag, PRNEMonday, June 14, 2010
GRASBRUNN, Germany and MUNICH, June 15, 2010 - The company L'TUR Tourismus AG, based in Baden-Baden (Germany), is
expanding its longstanding cooperation with Wirecard AG. The European market
leader for Last Minute-Travel has been operating on the Wirecard payment
platform since the beginning of June 2010. Whether customers book a trip over
the Internet or through a call center, if a credit card is used in the
transaction, then the payments are handled via a standardized interface,
effective immediately.
To ensure the highest level of protection against payment defaults, the
travel group has been relying on risk management procedures provided by
Wirecard AG for checking personal data since 2005. Since 2008, it has also
been deploying the innovative Business-to-Business payout solution Supplier &
Commission Payments (SCP).
Last Minute-Travel of L'TUR can be booked until just a few hours before
departure. This makes efficient risk management an indispensable requirement
for the company: with the departure - i.e. the use of its service - imminent,
the possibility of a booking being an attempted fraud must be ruled out.
Moreover, now that credit card processing has been moved from a proprietary
system to the much more flexible Wirecard payment platform, it has become
possible to add additional, specially designed risk management modules in
future.
"Over the many years of our cooperation, Wirecard AG has always delivered
a compelling performance. It is not only their competence in terms of
technology, but also the company's high-quality services that meet the
requirements we impose on a services provider. The decision to also outsource
our payment processing to Wirecard was therefore a logical next step," said
Jürgen Kaiser, Head of Accounting at L'TUR Tourismus AG.
"In future, L'TUR will benefit from maximum flexibility: additional
payment and risk management procedures can be added quickly and without great
effort and expense," is how Jörg Möller, Executive Vice President Travel of
Wirecard AG, describes the benefits of the cooperative venture for the
customer.
In 2009, more than 800,000 travelers booked their vacations using L'TUR.
And the trend toward last-minute bookings is increasing steadily. Equipped
with an efficient payment processing facility and innovative risk management
solutions from a single source, L'TUR will be able to exploit the potential
inherent in the growing number of bookings to the full.
L'TUR Tourismus AG
With 832,000 customers, Europe's market leader in last-minute
travel generated sales of 360 million euros in 2009. The company TUI Travel
PLC holds 70 percent of L'TUR stocks, and L'TUR founder Karlheinz Kögel owns
30 percent. Last-minute travels can be booked until just a few hours prior to
departure, with up to 50 percent discounts on catalog prices. There are more
than two million offers on a daily bases, covering around 10,000 hotels and
130 airlines, including Lufthansa, TUIfly, Condor, Air Berlin and
Germanwings. L'TUR is an official travel partner of the Deutschland-Card
bonus program. Travel can be booked at 169 L'TUR shops, over the telephone
(00 1805/21 21 21 00) and at www.ltur.de.
About Wirecard AG:
Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group supports
over 11,000 companies from many and various industry segments, 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, and account products, both for commercial and
private clients.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN
DE0007472060, WDI).
www.wirecard.de | www.wirecardbank.de |
www.mywirecard.com
Wirecard Media contact:
Wirecard AG Iris Stöckl Bretonischer Ring 4 D-85630 Grasbrunn / Munich Germany Ph.: +49(0)89-4424-0424 L'TUR Media contact: L'TUR Tourismus AG Nina Meyer Leitung Kommunikation Augustaplatz 8 76560 Baden-Baden Tel.: +49(0)7221-366-366 e-mail: n.meyer@ltur.de Internet: www.ltur.de
Wirecard AG, Iris Stöckl, Bretonischer Ring 4, D-85630 Grasbrunn / Munich, Germany, Ph.: +49(0)89-4424-0424, L'TUR Media contact: L'TUR Tourismus AG, Nina Meyer, Leitung Kommunikation, Augustaplatz 8, 76560 Baden-Baden, Tel.: +49(0)7221-366-366, e-mail: n.meyer at ltur.de
Tags: Germany, Germany And Munich, Grasbrunn, June 15, Wirecard AG