AFS partners with wirecard to provide real-time electronic payment systems

Bahrain, Manama- June 19, 2006
AFS, the region’s leading provider of electronic-payments and consumer finance-outsourcing services has announced an agreement with Wire Card AG, one of the leading European pro-viders of real-time electronic payment systems with integrated risk management services.

According to the signed agreement, Wirecard is to provide AFS with payment technology to enable it to offer a full-service solution for processing online and offline payments for its clients.

The scope of the agreement extends from processing payments at the point of sale straight through to handling the Internet payments for online bookings for AFS clients. Illustrative of the viability of the AFS Wirecard partnership is the recent signing with Gulf Air to assist the pan Arab airline with implementing an e-ticketing facility.

“We enjoy a mutually- beneficial partnership with Wire Card which gives us the opportunity to enhance our services and gives them access to new untapped markets in the Middle East.” says AFS Chief Executive Officer, Rasool Hujair.

Dr.Markus Braun, CEO of Wire Card AG: “With our solutions geared specifically to the travel and transport sector, we are pursuing a successful long-term strategy that appeals in particu-lar to organizations operating with a global reach.”

About Wire Card AG

Wire Card provides customers with a wide range of payment options and risk management services along with CLICK2PAY as an alternative Internet payment system. In addition to payment processing via the Internet, the software platform also facilitates seamless integra-tion of all distribution channels such as call centers and points of sale. The payment platform is being used by more than 2,000 companies across the globe, including flydba.com, HSE24, QVC, Sony Europe and Tiscali. Wire Card AG is listed on the Prime Standard of the German stock exchange in Frankfurt (under ISIN DE0007472060; Ticker symbol IPG).

Wire Card Bank AG has been part of the Wire Card group of companies since January 2006. The bank is a Principal Member of Visa International Service Associates (VISA) and of MasterCard Europe sprl. www.wirecardbank.de / www.wirecard.de /  www.click2pay.de

Media contact Wire Card :
Wire Card PR&IR office
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn
Ph: +49 (0) 89 4424 0424 E-Mail: iris.stoeckl@wirecard.com
www.wirecard.com