MUNICH, Germany, July 27, 2010 /PRNewswire/ -- Zurich-based TUI Suisse Ltd has outsourced its payment processing to Wirecard AG. The range of services to be provided covers online consumer payments for all bookings except for package beach holidays, via all portals operated by TUI Suisse (http://www.tui.ch, http://www.1-2-fly.ch, http://www.flextravel.ch and http://www.voegele-reisen.ch). In addition, the Supplier Commission Payments (SCP) solution will be deployed for payments to TUI Suisse service providers.
It is important for us to make our internal processes as efficient as possible. We have found in Wirecard a partner who is able to handle B2C and B2B payment flows via a single platform, says Andreas Gantenbein, Head of Business Development at Flex Travel, TUI Suisse's individual travel brand.
Adds Jorg Moller, Executive Vice President Travel Transport at Wirecard AG: We are pleased that with TUI Suisse a further TUI subsidiary has opted for our services. The combination of technical skills, a bank license and customer-oriented flexibility is a clear unique selling point, which sets us apart in the holiday travel industry and elsewhere.
Wirecard AG's SCP solution is based on the automatic issue of virtual credit cards by Wirecard Bank AG and simplifies global business-to-business payment operations. The SCP platform automates each individual transaction and generates a virtual credit card on a real-time basis. The actual date of payment can be determined flexibly by setting payment periods. The agent handles the credit card data in the customary manner-there is no need for new processes. Data matching interfaces reconcile the payment and accounting systems. This benefits both sides: the service provider such as the hotel or airline receives a secured payment, while the organizer gains substantial liquidity advantages.
About TUI Suisse:
TUI Suisse is a member of TUI Travel PLC and World of TUI and operates the retail brands TUI, Flex Travel, Spinout SportTours, Vogele Reisen and 1-2-FLY. It markets the products of the leading club brands ROBINSON and MAGIC life as well as the Gebeco Lander erleben, Dr. Tigges and goXplore study and exploration brands on an exclusive basis in Switzerland. The sales network comprises 70 proprietary travel agents (TUI ReiseCenter and TUI Agence de voyages).
Corporate website: http://www.tui-suisse.com
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 and 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).
Wirecard Media Contact: Wirecard AG Iris Stockl Bretonischer Ring 4 D-85630 Grasbrunn / Munich Germany Ph: +49(0)89-4424-0424 Fax: +49(0)89-4424-0524 e-mail: iris.stoeckl@wirecard.com TUI Suisse Media Contact: TUI Suisse Ltd Roland Schmid Corporate Communications Officer Ph: +41(0)44-455-42-32 Fax: +41(0)44-455-40-80 e-mail: roland.schmid@tui.ch
SOURCE: Wirecard AG
CONTACT: Wirecard Media Contact: Wirecard AG, Iris Stockl, BretonischerRing 4, D-85630 Grasbrunn / Munich, Germany, Ph: +49(0)89-4424-0424, Fax:+49(0)89-4424-0524, e-mail: iris.stoeckl@wirecard.com; TUI Suisse MediaContact: TUI Suisse Ltd, Roland Schmid, Corporate Communications Officer,Ph: +41(0)44-455-42-32, Fax: +41(0)44-455-40-80, e-mail:roland.schmid@tui.ch
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