Wirecard, the global innovation leader for digital financial technology, today announced the Next Generation Wirecard Platform. „With its revolutionary combination of comprehensive payment and banking services that are tailored precisely to the needs of merchants, Wirecard is setting new standards in the digitalization of payments.”, according to the press release.
In five minutes, merchants undergo a fully digital registration process and immediately have access to their Wirecard business account as well as payment acceptance on the Internet and in stationary retail.
„In the future, merchants will be able to make immediate use of their sales revenues – any electronic payment made by a consumer, both on the Internet and in stationary stores, will be credited to the merchant’s business account in real-time. A linked bank account and debit card allow merchants to have their money at their disposal immediately and at any time.”, the company said.
Liquidity is the lifeblood of a company – if the available liquidity becomes scarce, all business-critical processes are quickly affected. New analytics functionalities within the Wirecard platform support merchants in liquidity planning and the analysis of expenditure and profits in their Wirecard account.
If merchants require additional liquidity at short notice, Wirecard’s innovative “Merchant Cash Advance” solution, which is linked to the merchant’s electronic payment volume, serves as an innovative and uncomplicated financing option for companies. Depending on the merchant’s payment volume history and ongoing sales forecast calculated in real time, a credit line is always available to the merchant with one click. The credit is paid back as a percentage of each payment transaction processed by Wirecard and thus represents the lowest possible burden on the merchant’s liquidity.
„We will provide, in a complete revolutionary way, a combination of acquiring, issuing and banking features. So, in real time, the merchant not only gets access to acceptance services, also in real time, a bank account is issued and on the bank account, he can receive optionally a credit or debit card to subtract funds. Additionally, he gets a lot of analytic features in real time where he can permanently tune his service toward the consumer by having a lot of statistics about the performance of his business. And thirdly, he gets realtime access to banking features such as digital lending.”, said Markus Braun, CEO of Wirecard.
„We will combine payment and banking features there using algorithms that provide real time scoring of the performance of the merchant to give him real time availability to additional funds to invest in growth, and fully develop his business. We think this will be a revolutionary approach.”, Braun added.
Susanne Steidl, Chief Product Officer at Wirecard, said, “The next generation of our financial commerce platform is an important milestone for us. The combination of payment acceptance and the issuing of account- and card-based products is revolutionary and offers enormous added value for merchants. The forthcoming launch demonstrates our leading role and pioneering spirit in order to create solutions that are unique in the marketplace.”
Further information can be found at: https://www.wirecard.com/next-gen/
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
