Wirecard for Payment Solutions

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

MUNICH and GRASBRUNN, Germany, April 11, 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