Wirecard Selects CorFire™ Technology to Deploy NFC-Enabled Payment and TSM Solution

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CorFire, the mobile commerce business of SK C&C USA and an industry leader in mobile commerce technology, today announced the collaboration with Wirecard AG, a global leader in payment innovations, to allow near field communications service (NFC) to enable mobile payments across Europe.

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By adding CorFire to our TSM integration portfolio, our aim is to further enhance NFC connectivity to the leading market participants on the service provider and MNO side,” said Susanne Steidl, Managing Director of Wirecard Acquiring & Issuing GmbH.

CorFire, the mobile commerce business of SK C&C USA and an industry leader in mobile commerce technology, today announced the collaboration with Wirecard AG, a global leader in payment innovations, to allow near field communications service (NFC) to enable mobile payments across Europe.

Under the agreement, Wirecard’s products and services have integrated CorFire’s MPSA, an NFC API stack that allows mobile apps to support NFC secure services such as Visa payWave. In addition, Wirecard has launched its own Trusted Service Manager (TSM) using CorFire’s CorTSM product to enable NFC payment for its Visa stored value account products.

“Since the launch of our mobile commerce solution over 10 years ago, CorFire has been at the forefront of bringing mobile commerce solutions to the broader, global market,” said Dr. Jae Chung, President and CEO of CorFire. “Aligning with Wirecard is another example of our commitment to accelerating the adoption of mobile payments.”

“Wirecard is committed to providing its customers with technology that anticipates consumer and market needs. By adding CorFire to our TSM integration portfolio, our aim is to further enhance NFC connectivity to the leading market participants on the service provider and MNO side,” said Susanne Steidl, Managing Director of Wirecard Acquiring & Issuing GmbH. “With CorFire we have added a best-in-class technology solution.”

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About CorFire

From retailers to handset manufacturers to financial institutions to mobile network operators, organizations today need a proven way to extend their brands and enable their customers to use smartphones as a channel for commerce. With its proven industry expertise, CorFire helps all organizations in the mobile ecosystem deliver on the promise of an environment where consumers can live life mobile. As the mobile commerce business of SK C&C USA, CorFire leverages the billion dollar financial backing of its parent company, SK C&C, with its 10+ years of mobile payments experience to provide a scalable and trusted technology that helps companies quickly and securely move their mobile commerce platforms forward.

Headquartered in Atlanta, Georgia, USA CorFire offers three core technology solutions: its Trusted Services Manager (TSM) platform - CorTSM™, a robust mobile wallet platform - CorPay™, and Cor360 - a state-of-the-art suite of mobile marketing services. For more information please visit http://www.corfire.com.

About Wirecard

Wirecard AG is one of the world’s leading independent providers of outsourcing and white label solutions for electronic payment transactions. Wirecard supports companies in accepting electronic payments from all sales channels. It provides international payment acceptances and methods, supplemented by fraud prevention solutions via a global multi-channel platform. When it comes to issuing their own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licenses for card and account products. Wirecard AG is listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE0007472060, WDI).

http://www.wirecard.com

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Andrew Choi
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