Wirecard Gains redcoon as a Customer

Online Specialist Discounter for Electrical and Electronic Appliances Opts for Payment Solutions From a Single Source

MUNICH and GRASBRUNN, Germany, April 9, 2010 - redcoon GmbH, headquartered in Aschaffenburg, has decided in favor of the
payment services of Wirecard AG. The redcoon company has meanwhile become one
of the leading European specialist discounters for entertainment electronics,
white goods, computers, photography articles and sports equipment.

The agreement signed with Dutch subsidiary redcoon B.V. comprises the
processing of credit card payments along with an additional risk management
package as well as credit card acceptance (Acquiring) services via Wirecard
Bank AG. The redcoon online shops established in nine European countries at
present will gradually be integrated one by one: Germany has already been
integrated, to be followed soon by Denmark and, step by step, Belgium, Italy,
Spain, Poland, Portugal, Austria and, finally, the Netherlands.

In its online shops, redcoon sells entertainment electronics, white
goods, photographic and computer products as well as sports equipment. In the
process, not only does redcoon concentrate on a large selection of articles
at favorable prices, but also on excellent service and speedy delivery.

"To maintain our low level of prices, short and efficient processes are a
key prerequisite. In Wirecard AG, we have found a partner who can provide all
solutions in the field of payment processing from a single source. High
service quality, flexibility and, in particular, availability are of primary
importance to us," says Michaela Langpap, General Manager at redcoon GmbH in
describing the benefits of this collaboration.

"In cross-border trading, not only is smooth, seamless
processing and settlement of payment transactions of enormous importance;
merchants like redcoon, operating on an international scale, assign
increasing importance to professional risk management. This is where our
expertise and experience really count," says Christian Reindl, Vice President
E-Commerce & Consumer Goods at Wirecard AG.

To be able to protect payments by credit card even better from fraudulent
card abuse in cross-border business operations, redcoon has opted in favor of
deploying additional risk management processes. An IP/BIN check takes only
seconds to identify a potential risk of fraud in the course of a credit card
transaction. The IP address is used to determine the location of the PC,
which is compared with the first six figures of the credit card number (BIN).
The BIN localizes the country in which the credit card was issued. If this
reconciliation reveals that different countries are involved, then the
transaction is denied. With the aid of so-called velocity checks, recurring
patterns of payment transactions can be analyzed within a defined period of
time. For Visa and MasterCard users, redcoon also makes the 3-D-Secure
process available, which protects card payments for buyers and sellers.

About redcoon.de (www.redcoon.de): favorably priced electronics.

redcoon.de is among the largest specialist discounters for entertainment
electronics, white goods, computers, photographic articles and sporting
equipment on the German-language Internet. Moreover, with online shops of its
own in nine countries, redcoon (www.redcoon.com) is one of the largest
European providers in this segment. The company, headquartered in
Aschaffenburg, was established in 2003 and enjoys an excellent reputation
among consumers as an online provider of consumer electronics articles. This
success is attributable to a tremendous selection of current products,
excellent prices and a shop & logistics concept that leaves nothing to be
desired by customers. Some two million Internet users visit the German
redcoon shop month after month; across Europe, the company has registered far
more than four million Internet users per month. Each month, redcoon ships an
average of 180,000 products and acquires some 2,000 new customers per day.
The founder and Managing Director of redcoon.de is Reiner Heckel.

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.de

www.wirecardbank.de

www.mywirecard.com

    Wirecard media contacts:

    Wirecard AG
    Iris Stockl
    Tel: +49(0)89-4424-0424
    E-mail: iris.stoeckl@wirecard.com
    Internet: www.wirecard.de

    COMMUNICATION Press and PR
    Jacqueline Althaller
    Tel: +49(0)89-38-66-52-60
    E-mail: info@communicationmunich.de
    Internet: www.communicationmunich.de

    redcoon media contact:

    redcoon GmbH
    Andrea Civan / Head of Marketing
    Tel: +49(0)6021-44-78-201
    E-mail: andrea.civan@redcoon.de
    Internet: www.redcoon.de

Wirecard media contacts: Wirecard AG, Iris Stockl, Tel: +49(0)89-4424-0424, E-mail: iris.stoeckl at wirecard.com; COMMUNICATION Press and PR, Jacqueline Althaller, Tel: +49(0)89-38-66-52-60, E-mail: info at communicationmunich.de; redcoon media contact: redcoon GmbH, Andrea Civan / Head of Marketing, Tel: +49(0)6021-44-78-201, E-mail: andrea.civan at redcoon.de