German payment processer and mobile payment provider Wirecard has announced its newest white-label mobile payment solution. The new product includes a card reader, mobile wallet and open APIs for developers to integrate the solutions into their apps.

The company's card readers are compatible with both mag stripe and EMV cards and can be used in conjunction with other Wirecard solutions to let third party providers create their own secure mobile processing solutions.

Along with new the mobile payment tools, Wirecard announced it has signed a deal with telecom giant Deutsche Telekom to provide the mobile network operator with a mobile payment strategy.

Wirecard will help with technical processes for issuing DT's MasterCard and will support the carrier with payment processing. The partnership will also include assistance with the launch of DT's mobile wallet, scheduled for 2013.

"As a technical services provider, we are in an ideal position to provide the necessary processes, such as real-time card creation, payment processing and other additional services for mobile payment," said Wirecard CEO Markus Braun

"As an innovative solution provider for the telecommunications industry, we offer a wide range of mobile payment services, including classic and contactless cards, NFC stickers, and real-time provision of virtual cards for NFC-compatible smartphones," Braun added.

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