Interpay Nederland B.V. was the Dutch

payment processor A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken dow ...

and payment product provider from 1994 to 2006. Interpay owned

PIN A pin is a device used for fastening objects or material together. Pin or PIN may also refer to: Computers and technology * Personal identification number (PIN), to access a secured system ** PIN pad, a PIN entry device * PIN, a former Dutch ...

Chipknip Chipknip (a portmanteau of '' chip card'' and ''knip'', Dutch for purse) was a stored-value payment card system used in the Netherlands. Based on the Belgian Proton system, it was started by Interpay on October 26, 1995, as a pilot project in ...

, and Incasso. In 2005, they spun off

Currence Currence is a Dutch association set up the banks that coordinates the payment systems in the Netherlands. Its aim is to "facilitate and provide market transparency while maintaining the quality and safety of the payment systems of the Netherlan ...

and in 2006 they merged to form

Equens equensWorldline SE (formerly Equens) is a payment card and payment processor headquartered in Utrecht, Netherlands which serves the European market. Since 2019, it has been a wholly owned subsidiary of Worldline. As of 2020, equensWorldline had ...

History

Interpay was founded as a merger between BeaNet, the Bankgirocentrale and Eurocard Nederland.

ING Group The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale bankin ...

was the largest shareholder of Interpay, at around 30%. In 1995, Interpay started with a pilot of the

. Trouw noted in 2001 that a smooth transition to the Euro was dependent on Interpay. In 2003,

Annemarie Jorritsma Annemarie Jorritsma-Lebbink (born 1 June 1950) is a Dutch politician of the People's Party for Freedom and Democracy (VVD) and businesswoman. She is the Parliamentary leader in the Senate since 24 November 2015 and a Member of the Senate since 9 ...

became a commissioner at Interpay. In September 2003, Interpay started together with

Banksys Banksys N.V. (or Banksys SA) was a Belgian payment processor owned by Belgian banks. It was formed in 1989 through the merge of ATM/ POS networks of Bancontact and Mister cash. It also developed the Proton system, which was later spun-off into P ...

and SSB the company Sinsys for credit cards, to reduce costs. Sinsys ultimately became wholly owned by SIA in 2012. Director Willem Stolwijk left in 2006 and was replaced by Ben Haasdijk. In 2004, Interpay was forced to lower their tariffs for the hospitality sector. The Netherlands Competition Authority fined Interpay for 30 million euros because their tariffs were 5 to 7 times too high. In 2004, Interpay sold their Document Services division to Unisys. In September 2006, it was merged with the German Transaktionsinstitut to form Equens.

Transaction processing

In 2005, Interpay processed 3.3 billion financial transactions.

Subsidiaries

Interpay had two subsidiaries, Paysquare who facilitatated the acceptance of credit cards and InterEGI who distributed the prepaid

References

External links

Interpay video
{{Dutch financial services companies Defunct companies Payment systems organizations Financial services in the Netherlands Banking organizations