GERMANY | Wirecard Group announced that Cuscal Limited - one of Australia's leading payment services companies - has selected Wirecard as solution partner for its next generation acquiring and issuing processing business.
Wirecard and Cuscal
Cuscal, established in 1992, provides payment services to more than 100 banks, mutual sector organisations, airlines and other organisations in Australia. Cuscal processes around 14 percent of EFT transactions in Australia as well as managing one third of Australia’s ATMs and over 5.5 million debit, credit and prepaid cards. Cuscal is also becoming the preferred partner of choice to service the interests of non-financial services clients, such as Virgin Australia or the Queensland Government.
Wirecard’s acquiring and issuing platform represents the result of almost two decades of international payments experience, supporting all debit and credit card schemes on an integrated high-performance real-time transaction platform. Wirecard’s solution is based on a modular architecture and is supporting the latest innovations in card and mobile payments.
Best-in-class in payments technology
“We are very happy to announce this business relationship with Wirecard and are eager to launch innovative new services to our clients on this new platform,” stated Craig Kennedy, Managing Director at Cuscal. “With Wirecard, we are introducing best-in-class in payments technology to the Australian market, which will extend our portfolio of innovative services in an ideal way.”
“We are thrilled to be working with Cuscal, a company that has been a driver for innovation in Australian payments for decades. Cuscal and Wirecard are both at the forefront of technological innovation in the payments sector, in particular driving the deployment of next generation payment products. Together we will be able to serve this rapidly developing market even more effectively,” said Andreas Kazamias, Managing Director of GFG Group.
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.
Article sourced from Press Release, May 28th, 2015