BERLIN and GRASBRUNN, Germany, May 21 - Wirecard AG, an international leading provider of payment systems and risk management services, will provide TUI Leisure Travel (TLT) Franchise with payment processing services for its new sales platform.
With immediate effect, TLT Franchise will be using the Wirecard platform to control all payment and back office processes of some 650 franchisees, including TUI ReiseCenter and FIRST REISEBROS. Wirecard and TLT will be using the new (JoJo) sales platform to optimize the payment processes for the travel agencies that are part of TLT Franchise.
Thomas Osswald, Head of TLT Franchise: "Due to the centralization of all back-, mid- and front-office processes in the field of payment processing, we achieve both substantial cost savings and considerable benefits in terms of flexibility and transparency. Wirecard AG immediately convinced us by virtue of the capabilities of its platform. For instance, the system automatically reconciles payments and reservations, irrespective of whether the payment comes directly through the "JoJo" platform or via a point-of-sale terminal.
"Wirecard AG provides unique solutions on the market, solutions that are specially tailored to the requirements of this industry segment in the field of payment processing," says Jrg Mller, VP Sales at Wirecard AG. "We are pleased to be able to support TUI Leisure Travel with its plans to become the leading franchise provider in Germany."
The package of services comprises the maintenance and operation of point-of-sale terminals for EC cash and credit card settlement as well as credit card and direct debit processing using the "JoJo" system.
The Wirecard Bank makes credit card acceptance facilities available for MasterCard and VISA as well as virtual credit cards for payment of service providers (e.g. in the case of low-cost carrier tickets).
About TUI Leisure Travel:
TUI Leisure Travel was established in 1999. The wholly owned subsidiary of TUI AG, headquartered in Hanover, comprises the travel agency brands "TUI ReiseCenter", "FIRST REISEBRO", "TUI TRAVELStar", "discount travel" and "Hapag-Lloyd Reisebro". With around 1,400 offices, this company is one of the largest distribution systems in Germany. Under www.ferien.de, the travel agencies offer travel packages of their own along with travel offers from tour operators and organizers of note.
About Wirecard:
Wirecard AG is one of the leading international providers of electronic payment systems and risk management services. The Company supplies customers with a wide range of national and global payment options as well as industry and country-specific risk management services to minimize the occurrence of defaults on receivables. Wirecard Bank AG is a Principal Member of VISA, MasterCard Europe as well as JCB International and complements the portfolio of services. The Wirecard software platform is used by more than 6,000 enterprises across the globe, including dba, Gulf Air, HSE24 and QVC. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). www.wirecardbank.com - www.wirecard.com
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