ConCardis Press releases

Frankfurt/Main, April 30, 2009. ConCardis, one of the leading service providers in the field of cashless payment, remains successfully on its growth path. As these figures for financial year 2008 show, the joint venture of the German banking industry further expanded its market position: Transaction revenue rose from € 15.5 billion in 2007 to € 18.2 billion in 2008 – an increase of 17.4 percent. Sales revenue increased from € 243.5 million in 2007 to € 278.2 million in 2008, which corresponds to a year-on-year increase of 14.3 percent.

“This positive business development underscores our goal of supporting our customers on a long-term basis as a stable and reliable partner in cashless payment services in Germany and abroad – particularly in such a challenging market environment for the retail industry ” said Manfred Krüger, CEO of ConCardis GmbH. “This profitable growth enables us to continue investing in innovative solutions to make card payment for the retail industry even more attractive and to more strongly emphasize its advantages over cash: increased sales, better customer service, higher security and flexibility as well as lower costs.”  

Successfully active worldwide
As a leading German acquirer, ConCardis' international activities are also on the rise. “Our successful business activities in Switzerland and Austria are a good basis for expansion to additional European markets,” explained Rainer Sureth, Managing Director of Marketing and Sales at ConCardis GmbH. “We support our customers on their path toward internationalization within Europe, with our portfolio also convincing customers abroad. The next step is to expand our activities in the Benelux countries.”

e-commerce offering expanded
The trend continues toward trade and shopping on the Internet. This also increases demand for reliable payment services. Payment settlement should be simple and above all secure for merchants and shoppers. Online merchants offer a variety of payment procedures based on customer needs. For this reason, ConCardis continuously develops its e-commerce offering and collaborates with renowned providers. In addition to credit and debit card acceptance and the ConCardis PayEngine, ConCardis is now able to offer a wide variety of payment procedures such as PayPal, giropay and Internet direct debit – all from one source. Moreover, the company has contributed its many years of expertise in the area of payment transactions as a partner of the “E-Commerce Guidelines” recently republished by ibi Research. The guidelines contain a wealth of practical information for successful online trading.
 
Outlook 2009
ConCardis is focusing on its core competences as a reliable payment partner for stationary, online and mail order shopping in the current financial year as well. Beyond the acquisition of acceptance points, growth potential is offered through a constant complement to the e-commerce offering as well as the expansion of business activities in additional European markets.
Moreover, ConCardis continuously expands its advice and service offering for merchants through innovative product developments and new payment procedures, such as in the fields of security technology, e-payment and contact-free payment.