WDI business contingency plan
Wirecard AG has existing and in-depth business contingency plans that ensure business operations are fully maintained in the event of various emergency scenarios.
As a technology company, Wirecard AG globally processes cashless payments via its own digital platform to which over 280,000 merchants worldwide are currently connected. One of the most important pillars of these contingency plans is the global, decentralized distribution of redundant Wirecard data centers. These are independent of the known Group locations and of the physical presence of individual Wirecard employees. Payment processing is completely digitalized.
In order to maintain management capacities and decision-making authority, clear representation and power of attorney regulations are in place that include the Management Board and the level of experienced executive vice presidents.
With regard to the current coronavirus situation, Wirecard has formed a special crisis management team that processes the latest information from the Centers for Disease Control (CDC) and the World Health Organization (WHO) and applies the usual measures such as travel restrictions and isolation instructions to the company.
In technological terms, the high-performance IT systems of Wirecard enable it to map remote access for its employees worldwide, even with very large data volumes. This means that in the event of escalation, tasks can be moved between global locations.