Wirecard and Sabre Corporation Agree Strategic Partnership

MUNICH, September 12, 2016 /PRNewswire/ --

• Cooperation in the field of payment processing 
• Joint payment innovations in the pipeline 

Wirecard and Sabre Corporation, a leading technology partner for the global travel industry headquartered in Texas, USA, will now cooperate in the field of payment. Within the framework of this partnership, Sabre will integrate Wirecard's payment services in its own payment platform. This platform allows Sabre to process all kinds of payment transactions from all sectors within the travel industry, including airlines, hotels and rental cars, etc.

Sabre customers now stand to benefit from Wirecard's comprehensive acquiring services. In addition, the partners are working together to develop payment innovations for the tourism industry. Currently, both companies are piloting a scheme called 'Sabre Mobile Concierge'. With this, Sabre can offer airlines a whole host of services such as check-in, excess baggage, on-board sales, upgrades and much more via a mobile device. In turn, this avoids long queues at the check-in counter and while waiting to board. Wirecard takes care of the relevant mobile payment with an innovative mPOS solution, in order to directly settle the cost of any services provided.

Michael Santner, Vice President Partner Management at Wirecard: "As a global market leader, Sabre is an important player within the travel industry and is redefining standards. Through this partnership, we can set payment trends within the industry and in future offer customers solutions from a single source."

About Wirecard:  

Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing 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 licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit http://www.wirecard.com or follow us on Twitter @wirecard.

About Sabre:  

Sabre Corporation is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

Wirecard media contact:

Wirecard AG
Jana Tilz
Tel.: +49-0-89-4424-1363
Email: jana.tilz@wirecard.com