Wirecard AG Acquires Kenes International as a Customer

MUNICH and GRASBRUNN, Germany -

- Online Payment Processing for International Congress Organizer

Congress organizer Kenes International, headquartered in Geneva, has changed to Wirecard AG for payment processing services in connection with its congresses hosted worldwide. This cooperative venture provides for all reservations for congress attendees to be settled by credit card via Wirecard in future. A particular advantage for the provider is that the payments can be directly assigned to the matching congress. The package of services is complemented by the required credit card acceptance made available by Wirecard Bank AG.

Kenes International was founded in 1965 and organizes some 40 international specialist congresses each year. This involves some 60,000 reservations for attendees per annum. Effective and differentiated payment processing services with transparent settlement processes are a key prerequisite for each and every event organized.

Bat Chen Doron, Chief Financial Officer at Kenes International, says: “What really tipped the scales in favor of the Wirecard system is its multi-client capability and transparency. We generally organize a large number of congresses months ahead of the actual dates. That’s why it’s important for all incoming reservations to be assigned to each specific congress and concluded by the end of the congress in question. Moreover, the Wirecard system guarantees a large number of security components that can be individually activated.

“Payment processing for congress organizers mostly is highly complex,” adds Marion Laewe, Director Sales E-Commerce Unit at Wirecard AG. “Thanks to our many years’ experience in the field of ticketing, we are very well acquainted with the requirements relating to country-specific security settings. The special challenge at Kenes International is its global orientation, which calls for a total of 14 international currencies to be handled for accounting purposes. By making payouts in the relevant transaction currency, the risk of loss on account of exchange-rate fluctuations is reduced enormously for providers.”

With Wirecard solutions from a single source, Kenes International stands to benefit from maximum transparency in future; on the one hand, through the comprehensive technical expertise of Wirecard AG in the field of payment processing services. Another advantage is due to the Wirecard Bank being integrated into the Group; not only as acquiring bank - it also provides numerous additional services, ranging from accounts in foreign currency to currency management services.

About Kenes International:

Kenes International is a company that specializes in global congress organization and association management services, with particular emphasis on the scientific and medical fields. Kenes International, with branch offices in Geneva, Tel Aviv, Singapore and Santiago de Chile, is a member of IAPCO, the International Association of Professional Conference Organizers, and of ICCA, the International Congress and Conference Association. Established in 1965, KENES International has since organized more than 1,600 international congresses and is considered to be one of the leading PCOs (professional congress organizations) worldwide.

www.kenes.com

About Wirecard:

Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, Wirecard supports over 10,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG, a subsidiary of Wirecard AG, is a Principal Member of VISA, MasterCard and JCB and provides account and card products both to business and private customers. As an acquirer, the bank operates in more than 69 countries across the globe and provides merchants engaged in brick&mortar and online business with more than 100 transaction and 15 payout currencies. 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

Source: Wirecard AG

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, Internet: https://www.wirecard.de