MUNICH, Sept. 17, 2012 /PRNewswire/ --
The Wirecard Group announced a service agreement with Singapore-based Pictureworks Pte Ltd. The agreement comprises a comprehensive payment solution to manage B2C and B2B online payments for digital images or online print products, i.e. for consumers purchasing online digital images captured at theme parks and attractions. Furthermore, the range of Wirecard's service includes commission payments, i.e. fulfillment agencies or third-party photographers with payments into their respective e-wallet account.
Pictureworks is an innovator for digital imaging and multimedia services for mobile, Internet, vending kiosks, theme parks and major events. A new project has just been launched with the opening of the Malaysian theme park LEGOLAND® on September 15, 2012. Presently the company has offices and representatives in countries including Malaysia, China, Japan, the United Kingdom and the United States, and is headquartered in Singapore.
Mr. Cheong Chia Chou, CEO of Pictureworks says: "We were looking for a best-in-breed technology solution for our well-known online imaging portal. That is why we chose Wirecard. One of our requirements is managing the payment streams for several parties, including photographer, designer, end user, fulfillment agencies. We are convinced that Wirecard is the perfect partner for us."
"We are very happy with our strategic alliance with Pictureworks, a company which is growing dynamically on an international scale and with a promising business model spanning the entire world," added Mr. Jeffry Ho, Executive Vice President at Wirecard.
About Pictureworks:
Pictureworks is a group of companies specializing in Digital Imaging Services mainly for theme parks and attractions and with operations in Malaysia, Singapore, China, Australia, United Kingdom and soon also in the United States of America.
The attractions include: The Singapore Flyer, Snow City, Cable Car, LUGE, Butterfly Park, 4D Magix, Megazip (Singapore), KidZania, Legoland (Malaysia), EDAY Town, Shanghai Ocean Aquarium (China), Football Clubs with Chelsea, Arsenal and Manchester City (United Kingdom).
http://www.pictureworks.biz | http://www.pictureair.com
About Wirecard AG:
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 13,000 companies from various industry segments in their efforts to automate their payment processes and minimize cases of default. Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies. Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
http://www.wirecard.com | http://www.wirecardbank.com | http://www.mywirecard.com
Wirecard Media Contact:
Wirecard AG
Maren Brandt
Einsteinring 35
D-85609 Aschheim / Munich
Germany
Ph.: +49(0)89-4424-1425
Fax: +49(0)89-4424-2425
e-mail: maren.brandt@wirecard.com