Channel21 Relies on Wirecard

Channel21 Relies on Wirecard

MUNICH and HANNOVER, Germany, May 17, 2010/PRNewswire/ --

- Munich-based Technology Service Provider Assumes Risk Management and
Payment Processing for Germany's Third Largest Tele-Shopping TV Station

The tele-shopping TV station Channel21 GmbH, headquartered in Hanover,
will be relying on the services of Wirecard AG with immediate effect. As part
of the agreement the Munich-based technology service provider will be taking
over both the comprehensive risk management system for assessment of new
customers and downstream payment processing of all incoming orders via the
Internet and call center distribution channels.

In the field of payment processing and settlement, in supplementation of
technical PSP services Channel21 has also opted for credit card acceptance
(acquiring) for MasterCard and Visa via Wirecard Bank AG, with the aim of
achieving synergies by "single-source" processing and settlement.

In the field of risk management, at Channel21 Wirecard solution modules
are deployed as part of the order acceptance process that serve to identify
and avoid instances of fraud on the one hand but also support
merchant-specific risk management strategies on the other. For instance,
these are based on complex decision-making tables that enable Channel21 to
include supplementary information of relevance when accepting orders and
evaluating new customers in addition to assessments by credit agencies in
their decision-making processes, such as requirements of the industry
segment, the distribution channel in question, any product risks and a great
deal more. Accordingly, at Channel21 this process serves as a basis for
fine-tuning the payment processes to be made available and thus has a
positive impact on generating sales, on invoicing and C.O.D. quotas and on
management of defaults in payment. In the field of credit information
services, Channel21 has decided to cooperate with the credit inquiry agency
CEG Creditreform Consumer GmbH, which is accessed via the Wirecard platform.

The tele-shopping TV station Channel21 meanwhile is among the
top 3 of its industry in Germany, reaching some 35 million TV households with
its 24-hour station. In addition, all sales programs can be followed via a
live streaming service on the Internet. Orders can then be placed either by
telephone or in the online shop.

Robert Ferstl, Managing Director at Channel21, explains: "We
provide our customers with excellent service and quality in all our fields of
activity. For this reason, we also rely on partners with extremely good
performance levels and a comprehensive portfolio of solutions in the segment
of payment processing and risk management. At Wirecard, payment and risk
management modules are closely synchronized; in addition, being a technology
service provider that is independent of credit agencies, Wirecard provides us
with a large number of interfaces with special service providers. On balance,
we therefore achieve substantial process advantages, ensure quality and
service and lower our costs."

"We are pleased that we have managed to convince yet another
provider in the field of tele-shopping of our portfolio of services. This
reflects our many years' experience in this industry segment," adds Christa
Wagner, Executive Vice President of the Consumer Goods Division at Wirecard
AG. "Our holistic approach combining technical and bank-related services is
targeted at the benefits of merchants and, therefore, their profit
maximization."

The risk management platform of Wirecard AG comprises a wide
selection of solutions and services, starting from data or process analyses,
technical realization of customer-specific solutions, all the way through to
processes that enable merchants to optimize their risk management strategies
in live operation (champion/challenger process). A large number of interfaces
with strong partners, such as credit agencies, guarantee maximum flexibility
and serve to complement the portfolio.

About Channel21:

Channel21, headquartered in Hanover, is Germany's third-largest
tele-shopping TV station. The company markets and distributes a full range of
products with a large selection of electronic articles and household goods
all the way through to cosmetics products and fashion items via specially
created tele-shopping productions and the Internet. Since October 2009,
Channel21 has been operating an additional digital 24-hour TV tele-shopping
channel via satellite (Astra) called "Channel21 express" for quick deciders
and young target groups.

Established in 2001, today Channel21 broadcasts to some 35 million TV
households via satellite and cable. In addition, over 12 million
price-sensitive customers and bargain hunters can now watch product-oriented
shows on Channel21 express. By today, as many as 4 million customers have
already opted for its attractive and constantly growing product range. In
2008, Channel21 generated just under 100 million euros in sales revenues.
Since March 1, 2010, the company has been part of Centuere AG.

http://www.channel21.de

About Wirecard:

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 in automating
their payment processes and minimizing cases of default. Wirecard Bank AG is
a Principal Member of VISA, MasterCard and JCB and operates as a credit card
acquirer in more than 69 countries around the world, involving over 100
transaction currencies and 15 payout currencies. Part of the Wirecard Group,
Wirecard Bank provides innovative solutions in the fields of corporate
banking, prepaid and co-branded cards, along with account products for both
business and private customers.

Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN
DE0007472060, WDI).

http://www.wirecard.com | http://www.wirecardbank.de |
http://www.mywirecard.com

Channel21 media contact:

Channel21 GmbH
Presse und Kommunikation
Denise-Natalie Thuro
Grosser Kolonnenweg 18 d
30163 Hannover
Ph.: +49(511)8998-0
Fax: +49(511)8998-109
eMail: presse@channel21.de

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:
http://www.wirecard.com

Source: Wirecard AG

Channel21 media contact: Channel21 GmbH, Presse und Kommunikation, Denise-Natalie Thuro, Grosser Kolonnenweg 18 d, 30163 Hannover, Ph.: +49(511)8998-0, Fax: +49(511)8998-109, eMail: presse@channel21.de; 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

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