Wirecard’s Innovation Challenge – Terms and Conditions of Participation

#Innovation Challenge is a contest carried out by Wirecard Technologies GmbH, Einsteinring 35, 85609 Aschheim, Germany (hereinafter referred to as “Wirecard”). These are the Terms and Conditions of Participation for Wirecard’s #Innovation Challenge. By registering as participant in Wirecard’s #Innovation Challenge, participants accept these Terms and Conditions of Participation.

§ 1 #Innovation Challenge period

The contest commences on 16 September 2019 at 9:00 am CET (“start date”) and ends 15 November 2019 at 11:00 pm CET (“end date”).

§ 2 How to Participate

(1) Complete the idea template under “Create Idea” with the following components:

(2) Visual Component:

• Sketch an original image or a sample user journey
• Take photos of the sketch and upload them to your idea
• 200 words to describe your submission

§ 3 Participation Requirements

(1) The acceptance criteria for submissions are:

• A complete idea submission with all components as stated above.
• The submission must be in English.
• The submission must be the original work of the idea author, or the person submitting the idea.
  

(2) Personal eligibility: The contest is open to participation by people who are:

• 18 years or older on the start date of this contest pursuant to September 16, 2019,
• neither employees nor personnel of a company belonging to the Wirecard group including Wirecard’s affiliates, as well as of any advertising and promotion agencies advising Wirecard (collectively the “Employees”), and are not immediate family members and/or living in the same household as Employees.

§ 4 Exclusion from the #Innovation Challenge

(1) Any participant shall be disqualified from participation and not be eligible, if the submitted idea or picture or any comments on the platform includes

• Content related to gambling or chance games,

• Racial and ethnic discrimination,
• Abusive, threatening or malicious, attacking others,
• Dangerous or irresponsible behavior,
• Pornographic content,
• Violations of any intellectual proprietary rights, in particular copyright,
• Spamming in nature,

• Fraudulent, deceptive, misleading or unlawful actions or content as well as attempts to circumvent these terms and conditions.

§ 5 Winner selection criteria

(1) A jury appointed by Wirecard will choose a maximum of three (3) winners to attend a Live Pitch and a final Grand Prize winner (see § 7) based on the following selection criteria:

• Originality of the concept in payments
• Potential of the idea in business
• Value for Wirecard and future customers
• Clarity on the explanations

§ 6 Winner notification

(1) Wirecard will contact and inform the winner(s) using personal email messages as linked to their account on the Innovation Platform.

(2) Any notification will be send within 30 days of the closing date of the contest (§ 1), which means winners attending the Live Pitch will be notified before December 16th, 2019.

(3) If a winner cannot be contacted within 7 days of the notification, Wirecard reserves the right to withdraw the prize from the winner and pick a replacement winner.

(4) Wirecard will notify the winners about travel details upon claiming the prize.

§ 7 Prizes

(1) Three (3) winners of the #Innovation Challenge will receive an all-expense paid trip to Munich for the Live Pitch in January 2020. This includes the idea author and up to two (2) additional team members attached to their idea. Wirecard will cover the cost of an economy flight per person and Wirecard must review the selected flight prior to participant booking. The participant must book their flight and Wirecard will reimburse the costs. Hotel and food expenses will be covered for a maximum of 3 days.  

(2) From the three (3) Live Pitch Prize winners, one (1) will be selected to receive a Grand Prize.

(3) The Grand Prize includes an all-expense paid trip to a leading cool and creative tech event in 2020 (Such as SXSW 2020, a Slush event or the like). This prize is for up to a maximum of three (3) team members. Wirecard will cover the cost of an economy flight per person and Wirecard must review the selected flight prior to participant booking. The participant must book their flight and Wirecard will reimburse the costs. Hotel and food expenses will be covered for a maximum of 4 days. Tickets to the tech event will be covered by Wirecard.    

(4) Any prize is nontransferable. Wirecard shall not pay out the winnings, or any substitute prize, in cash.

(5) Any and all prize-related expenses, including but without limitation to, any and all federal, state, and/or local taxes, shall be the sole responsibility of the winner.

(6) Complaints relating to the award of the prize must be sent to Wirecard in writing within 14 days of the reason for the complaint having become known. Complaints made over the telephone or submitted late shall not be processed.

§ 8 Premature Discontinuation

(1) Wirecard reserves the right to cancel or discontinue the #Innovation Challenge at any time without prior notice and without giving reasons. Wirecard shall make use of this possibility if in particular for technical reasons (e.g. malfunctioning, downtime or faults of the platform) or for legal reasons, it is not possible to ensure that the contest is properly carried out.

(2) Insofar as such discontinuation is caused by a participant's conduct, Wirecard may claim from this person compensation for the loss incurred.

(3) In case of premature discontinuation, Wirecard may select the winner(s) from all eligible submissions received prior to the time of discontinuation.

§ 9 Rights Granted by Participan

(1) The winners’ submissions may be shared on Wirecard’s social media accounts on the platforms used for the #Innovation Challenge. The participant’s name will always be credited when using the idea.

(2) By submitting an idea pursuant to § 2, the participant grants to Wirecard and its affiliated companies for promotional, marketing, trade and public relations purposes, where permitted by law and without limitation with regard to its content, the non-exclusive, worldwide, perpetual, royalty-free right and permission to share, display, re-post, publish, exhibit, broadcast, distribute, reproduce or otherwise use the idea, add the Wirecard logo and/or combine it with other winner’s submissions as well as otherwise use the submission on Wirecard’s social media accounts or in Wirecard public relations or marketing materials and reports.

(3) The participant shall have no right of assent and no claim to any compensation arising out of any use pursuant to § 9 (2), namely alteration faulty reproduction, or use in any composite form together with other videos or pictures

(4) Any intellectual property provided in the course of the contest via the innovation platform may also be received by the operators of the innovation platform. Their terms and conditions also apply in this regard.

§ 10 Indemnification

By submitting an idea and sketch, the participant represents and warrants that the idea and sketch is an original work of authorship, and does not violate any third party’s proprietary or intellectual property rights. If the content of the submitted video or picture constitutes or is claimed to constitute an infringement of any proprietary or intellectual proprietary rights of any third party, the participant shall, at his sole expense, defend or settle against such claims. The participant shall indemnify, defend, and hold harmless Wirecard from and against any suit, proceeding, claims, liability, loss, damage, costs or expense, which Wirecard may incur, suffer, or be required to pay arising out of such infringement or suspected infringement of any third party’s right.

§ 11 Liability

Wirecard shall be liable only for loss caused by Wirecard or one of its authorized agents with wrongful intent or by gross negligence. Liability for lost profit, indirect loss or other loss is hereby excluded.

§ 12 Data Protection

(1) The participants’ personal data provided in the course of the contest (i.e. personal data included in the submitted idea, e-mail-addresses, demographic data, which were voluntarily provided to Wirecard) shall be processed by Wirecard for the purpose of carrying out the contest, including the selection, notification of winners as well as sending the prize to the winners. The demographic data will be used in creating a market research report but individual names connected to the data will be protected.

(2) After selecting the winner(s) Wirecard will release the winners’ names on the Innovation Platform, and potentially through Wirecard social media and public relations accounts.

(3) The participants' personal data shall be processed by Wirecard in conformity with the statutory provisions.

(4) For any processing of personal data with regard to the #Innovation Challenge platform see the Privacy Policy located on the bottom right of the Innovation Platform.

(5) Any personal data provided in the course of the contest via social media platforms may also be received by the operators of these social media platforms. Their data privacy terms apply in this regard.

§ 13 Miscellaneous

(1) The #Innovation Challenge hosted by Wirecard is in no way linked to or sponsored, endorsed or administered by, or associated with the tech events SXSW, Slush or the like.

(2) The laws of the Federal Republic of Germany shall exclusively apply. The place of jurisdiction shall be Munich.

(3) If any of these provisions is or becomes invalid, this shall not affect the validity of the remaining Terms and Conditions of Participation.

(4) These Terms and Conditions of Participation may be amended by Wirecard at any time without separate notification. To obtain a copy of these Terms and Conditions of Participation, print here or e-mail a request to labs@wirecard.com.