Wirecard Samsung Pay Rewards Card Named a Product of the Year Winner in 11th Annual Pay Awards

CONSHOHOCKEN, Pennsylvania, May 10, 2017 /PRNewswire/ --

The Wirecard Samsung Pay Rewards Card has been selected as a 2017 Pay Awards winner in the Product of the Year category. Since 2006, the Pay Awards have conferred the most prestigious recognition of excellence in prepaid and payments technology worldwide. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for payments executives.

"Our incentives business has always been about delivering a compelling customer experience that drives a desired behavior on behalf of our corporate clients. The Wirecard Samsung Rewards Visa Card represents a fundamental shift in the digital payment experience by providing a truly seamless loyalty platform where rewards are made immediately available to consumers through the Samsung Pay mobile wallet", says Brad Garfield, Vice President, Product Development, Wirecard North America. He continued, "As digital payments through emerging channels continue to gain momentum, we believe the opportunities for delivering a great user experience through payments innovation with amazing partners like Samsung will continue to grow."

In partnership with Samsung, Wirecard North America created a frictionless incentive that drives Samsung Pay mobile wallet adoption and usage, as well as delivering consumer value through personalized offers and promotions. The first payment innovation of its kind - the Samsung Pay Rewards program creates, loads, and delivers virtual cards directly into the Samsung Pay wallet in real-time, allowing the consumer to easily transact at a point-of-sale within seconds of funds being loaded in the Samsung Pay wallet.

"As our industry changes, we remain committed to honoring innovation and excellence. Among the big themes in this year's competition were solutions tailored to specific B2B, health care, T&E and cross-border payment needs," says Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panels. "We also saw a remarkable number of consumer-focused solutions with ingenious approaches to savings and incentives that are making a difference in people's lives.  We're proud to recognize Wirecard North America and Samsung and their contributions to propelling the industry forward."

The Wirecard Samsung Pay Rewards card now will vie for Best-in-Category distinction, which will be announced in Pay News the week of June 12. Visitors to Paybefore.com will have a chance to vote on Best in Category through May 31. The outcome of this vote will be combined with the judges' picks to determine Best-in-Category honorees, all of which will be profiled in the Pay Magazine - Awards Issue.

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 licenses 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 Samsung:  Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com 

About Paybefore: Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore's family of media properties includes: Paybefore.com; Pay News; Pay Gov; Pay Week; Pay Op-Ed; Pay Magazine and a global payments directory, Pay Connect available online. Visit us at http://www.paybefore.com.

Media Contact:

Wirecard AG
Jana Tilz
Tel.:  +49-(0)-89-4424-1363
Email: [email protected]

Wirecard North America
Brenda Ortiz Lee
Tel.:  +1-610-897-2951
Email: [email protected]

SOURCE Wirecard AG