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Ingenico

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Ingenico Group S.A.
Company typePublic
Euronext: ING
Industryactivities of head offices Edit this on Wikidata
Founded1980; 44 years ago (1980)
FounderJean-Jacques Poutrel and Michel Malhouitre
HeadquartersParis, France
Key people
Philippe Lazare, CEO, Eric Brier, CSO
ProductsPayment terminals
Revenue2.19 billion euros in 2015[citation needed]
Number of employees
6000
Websitewww.ingenico.com

Ingenico is a France-based company, whose business is to provide the technology involved in secure electronic transactions. Its traditional business is based on the manufacture of point of sale (POS) payment terminals, but it also includes complete payment software and related services, also software for merchants.

History

Ingenico's Move/5000 terminal

Ingenico was founded in France by Jean-Jacques Poutrel and Michel Malhouitre in 1980. It is headquartered in Paris.

In 2008, after the merging with SAGEM Sécurité, Ingenico closed its R&D centre in Barcelona. This centre developed Ingenico's family of EFTPOS (Electronic funds transfer point of sale). More than three million units were sold worldwide in 2007.[citation needed]

In 2009, Ingenico partnered with its two largest competitors, Hypercom and VeriFone, to found the Secure POS Vendor Alliance, a non-profit organization whose goal is to increase awareness of and improve payment industry security.[1]

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 payment terminals, allowing retailers to use the Pennies technology so their customers can add a micro-donation (1p-99p) to their bill when paying by card.

On January 29, 2013; Ingenico announced it had acquired Ogone, a Belgian online payment provider, for 360 million euro.[2] India's second-largest payment gateway, E-Billing Solutions Ltd. (EBS), had just been taken over by Ogone when Ingenico went public with the news of the acquisition.[3]

On June 4, 2014, Ingenico announced publicly that it would change its company name to Ingenico Group. All activities will 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).

In January 2015, Ingenico announced products to allow merchants to accept payment by Bitcoin via its terminals.[4]

In July 2016, Ingenico ePayments announced partnership with digital gaming distributor Resume Games. [5]

Clients

References

  1. ^ John Roach (June 15, 2009), "New Non-Profit To Take On Retailers' Payment Security Woes", Retail Solutions Online
  2. ^ Ingenico
  3. ^ "Ogone Payment Services enters Indian market via EBS acquisition". The Paypers. September 23, 2011.
  4. ^ "Payments Giant Ingenico Adds Bitcoin Option to POS Terminals". Retrieved 29 April 2015.
  5. ^ Gaskins, Nikki. "Resume Games and Ingenico ePayments Form Dynamic Partnership". Patch.com. Patch.com. Retrieved 27 June 2016.
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