![Ingenico iPP350 payment terminal](https://upload.wikimedia.org/wikipedia/commons/2/27/Ingenico_iPP350_payment_terminal.jpg)
Ingenico is a merchant services technology company based in France, that facilitates secure
electronic transactions. The company expanded as a manufacturer of
point of sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...
(POS)
payment terminal
A payment terminal, also known as a point of sale (POS) terminal, credit card terminal, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly"), is a device which interfaces with payment cards to make electro ...
s to also include complete merchant payment
SaaS
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software.
SaaS is cons ...
and related services.
History
![TPE Ingenico Elite 510](https://upload.wikimedia.org/wikipedia/commons/d/df/TPE_Ingenico_Elite_510.jpg)
Ingenico was founded in
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
by Jean-Jacques Poutrel and Michel Malhouitre in 1980. It is headquartered in
Bezons
Bezons () is a commune in the northwestern suburbs of Paris, France. It is located from the centre of Paris.
Population
Transport
An extension of the tramway line T2 to Pont de Bezons opened in 2012. With Bezons not served by any stations o ...
.
In 2008, after the merger resulting in The Ingenium Group, Ingenico closed its R&D centre in
Barcelona
Barcelona ( , , ) is a city on the coast of northeastern Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second most populous municipality of Spain. With a population of 1.6 million within ci ...
. This centre developed Ingenico's suite of
EFTPOS
Electronic funds transfer at point of sale (EFTPOS; ) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale. EFTPOS t ...
(Electronic funds transfer at point of sale). In 2008, Ingenico acquired 55% of Fujian Landi, a Chinese EFTPOS vendor.
In 2009, Ingenico partnered with its two largest competitors,
Hypercom
Hypercom was an Australian company which was a pioneer of electronic payment processing hardware and software. It was acquired by rival VeriFone in 2011.
History
Hypercom was founded by Hungarian born George Wallner, David Saul and Leslie Fritz ...
and
VeriFone
Verifone is an American multinational corporation headquartered in Coral Springs, Florida. Verifone provides technology for electronic payment transactions and value-added services at the point-of-sale. Verifone sells merchant-operated, consum ...
, to found the Secure POS Vendor Alliance, a non-profit organization whose goal is to increase awareness of and improve payment industry security. Ingenico acquired German payment processor Easycash in 2009 for €290 million EUR.
In 2011, Ingenico integrated
Pennies, the electronic charity box, into one of their mobile
Chip and PIN Chromatin immunoprecipitation (ChIP) is a type of immunoprecipitation experimental technique used to investigate the interaction between proteins and DNA in the cell. It aims to determine whether specific proteins are associated with specific geno ...
payment terminals, allowing retailers to use the Pennies technology so that customers can add a micro-donation (1p-99p) to their bill when paying electronically.
In July 2017, Ingenico bought Swedish payments group
Bambora for €1.5bn in order to facilitate the development of its retail division through a direct-to-SMB channel in Nordic countries and to expand into other new markets.
In October 2017, Ingenico expanded its direct-to-retail channel in Spain with the acquisition of IECISA Electronic Payment System.
In December 2017, Ingenico acquired
Airlink
Airlink is an airline based in Johannesburg, South Africa. Its main business is to provide services between smaller, under-served towns and larger hub airports. It has since expanded to offer flights on larger, mainline routes. The airline has ...
to expand its Asian reach.
In August 2019, Ingenico Group partnered with IKEA to facilitate digital payments on the retailer's ecommerce platform in India.
In February 2020, financial services company
Worldline
The world line (or worldline) of an object is the path that an object traces in 4-dimensional spacetime. It is an important concept in modern physics, and particularly theoretical physics.
The concept of a "world line" is distinguished from con ...
announced it was acquiring Ingenico.
Ogone
Ogone was a Belgium-based online
payment service provider
A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and thos ...
and payment risk management company that has been part of Ingenico since 2013. After the acquisition, Ingenico renamed the business Ingenico Payment Services. Ogone managed and secured online payments for
card-not-present transaction
A card-not-present transaction (CNP, mail order / telephone order, MO/TO) is a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant's visual examination at the time that an order is given ...
s (
e-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
,
m-commerce
The term mobile commerce was originally coined in 1997 by Kevin Duffey at the launch of the Global Mobile Commerce Forum, to mean "the delivery of electronic commerce capabilities directly into the consumer’s hand, anywhere, via wireless techno ...
,
mail/telephone order, batch payments) and provided fraud prevention services. Ogone, was connected through certified links with more than 200 banks and
acquirers and provided international, alternative and local payment methods in over 80 countries in Europe, Asia, Latin America and the Middle East and in 2014 had 77,000 clients. The company was headquartered in Belgium and had operations in India and regional offices in Belgium, the Netherlands, France, Germany, Austria, Switzerland, UK, United Arab Emirates and the US.
Ogone was founded as Abssys Consulting in 1996 by Harold Mechelynck and Thierry Pierson. In 2003 Ogone was Europe's first payment service provider to develop, integrate and certify a "
3-D secure
3-D Secure is a protocol designed to be an additional security layer for online credit and debit card transactions. The name refers to the "three domains" which interact using the protocol: the merchant/acquirer domain, the issuer domain, and the ...
MPI module" (Merchant Plugin Interface), enabling remote payment.
In May 2010 the company received an undisclosed majority investment from US-based growth equity firm
Summit Partners
Summit Partners is an American private equity firm based in Boston, Massachusetts. The firm focuses on investing in technology, healthcare, life sciences and other growth industries.
Background
Summit Partners was founded in 1984 by Roe St ...
. The purchase of ''EBS (
E-Billing Solutions
Ingenico is a merchant services technology company based in France, that facilitates secure electronic transactions. The company expanded as a manufacturer of point of sale (POS) payment terminals to also include complete merchant payment Saa ...
)'' in September 2011, at the time the second largest payment provider in
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
after CC-Avenues, was Ogone's first acquisition and its first move outside the European market. With the addition of the EBS customer-base, Ogone became one of the world's "largest" payment services.
On 29 January 2013, Ingenico announced an agreement for the acquisition of Ogone. A share purchase agreement for the acquisition was executed two months later for 360 million euro.
Ingenico Payment Services
On 4 June 2014 Ogone announced that Ogone was becoming Ingenico Payment Services, the Ingenico Group's flagship brand for
digital payment services.
All activities were to be structured around three major brands: Ingenico Smart Terminals, Ingenico Mobile Solutions and Ingenico Payment Services. Ingenico Payment Services groups the activities of acquisitions made by Ingenico over the past years, including Ogone, TUNZ, easycash, easycash Loyalty Solutions and AXIS (not to be confused with India's
AxisBank).
See also
*
List of online payment service providers
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in:
(POS -- Point of Sale)
See also
* Payment gateway
* Payments as a se ...
References
Further reading
*
External links
*
{{Authority control
Electronics companies of France
Retail point of sale systems
Financial services companies established in 1980
French companies established in 1980
Electronics companies established in 1980
Manufacturing companies based in Paris
Point of sale companies
French brands
Payment service providers
2020 mergers and acquisitions
Companies formerly listed on the Paris Bourse