Bambora, formerly IP Payments, is a
PCI
PCI may refer to:
Business and economics
* Payment card industry, businesses associated with debit, credit, and other payment cards
** Payment Card Industry Data Security Standard, a set of security requirements for credit card processors
* Pro ...
Level 1 compliant
financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
organisation that provides payments, accounts receivable automation and
PCI DSS
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council and its use i ...
compliance solutions. IP Payments operates in
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
,
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
and the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
.
IP Payments is listed on the Asia Pacific
Deloitte Fast 500
The Deloitte Technology Fast 500 Awards are run and moderated by international professional services group Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world. Winners include ...
. as well as winning "Most Innovative Financial Application" in Asia Pacific at the 2010 APICTA Awards event held in Malaysia.
History
IP Payments was founded in 2004 by Jamie Collins, Mark Lewis and Anthony Fulton. The company provides customised
accounts receivable
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. These are generally in the form of invoices raised b ...
,
payments
A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making the p ...
and
PCI DSS
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council and its use i ...
compliance solutions. The company services over 3500 enterprises including global organisations.
In August 2015, IP Payments was acquired by Swedish payments group Bambora, which had been founded by Johan Tjärnberg the previous year, Two years later, Bambora was acquired by
Ingenico Group of France, which subsequently merged with Worldline in late 2020.
Services
Bambora offers services which customise and automate existing account receivables operations, including third-party software the client might use, as well as merchant level 1 PCI DSS compliance solutions and
payment gateway
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The p ...
s to clients who process credit card transactions.
Bambora services include multiple payment methods (credit card, charge card, direct debit, direct credit, BPay and Over-the-Counter) across multiple payment channels (
Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...
,
mobile
Mobile may refer to:
Places
* Mobile, Alabama, a U.S. port city
* Mobile County, Alabama
* Mobile, Arizona, a small town near Phoenix, U.S.
* Mobile, Newfoundland and Labrador
Arts, entertainment, and media Music Groups and labels
* Mobile ( ...
,
PS3
The PlayStation 3 (PS3) is a home video game console developed by Sony Computer Entertainment. The successor to the PlayStation 2, it is part of the PlayStation brand of consoles. It was first released on November 11, 2006, in Japan, November ...
,
call centre
A call centre ( Commonwealth spelling) or call center (American spelling; see spelling differences) is a managed capability that can be centralised or remote that is used for receiving or transmitting a large volume of enquiries by telephone. ...
,
batch
Batch may refer to:
Food and drink
* Batch (alcohol), an alcoholic fruit beverage
* Batch loaf, a type of bread popular in Ireland
* A dialect term for a bread roll used in North Warwickshire, Nuneaton and Coventry, as well as on the Wirra ...
and recurring) utilising multiple payment types (purchase, refund, pre-auth and completion).
In September 2012, Bambora (then IP Payments) released a study of PCI compliance in Australia
Awards and mentions
*2012 Deloitte Asia Pacific
Fast 500
*2012 Deloitte Australia
Fast 50
*2011 Deloitte Asia Pacific
Fast 500
*2011 Deloitte Australia
Fast 50
*2010 Deloitte Australia
Fast 50
*2010 Asia Pacific ICT Award (APICTA) - "Most Innovative Financial Industry Application"
*2010 iAwards - Financial Industry Application sponsored by KPMG
*2009 Deloitte Asia Pacific
Fast 500
*2008 Listed in MIS Strategic 100
*2008 Deloitte Asia Pacific
Fast 500 Rank: 128
*2008 AIIA National iAward for Innovation across all iAward categories
See also
*
PCI DSS
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council and its use i ...
*
Payment gateway
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The p ...
*
Accounts Receivable
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. These are generally in the form of invoices raised b ...
*
Electronic Bill Presentment and Payment
Electronic billing or electronic bill payment and presentment, is when a seller such as company, organization, or group sends its bills or invoices over the internet, and customers pay the bills electronically. This replaces the traditional meth ...
References
{{Reflist
External links
IP Payments - Making Cash Flow
Online financial services companies of Australia
Financial services companies based in Sydney
Online payments
Australian companies established in 2004
Financial services companies established in 2004
Payment service providers
Merchant services