Ingenico

Ingenico Group S.A.
Public
Traded as Euronext: ING
Founded 1980 (1980)
Founder Jean-Jacques Poutrel and Michel Malhouitre
Headquarters Paris, France
Key people
 Philippe Lazare, CEO, Eric Brier, CSO
Products Payment terminals
Revenue 2.19 billion euros in 2015
Number of employees
 6000
Slogan Secure transaction and payment solutions
Website www.ingenico.com

Ingenico is a French-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 solutions and related services, also software for merchants.

History

Ingenico credit card terminal and separate keypad

It was founded in France by Jean-Jacques Poutrel and Michel Malhouitre in 1980. It continues to be based in France with its headquarters in Paris.

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

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 'switch on' the Pennies solution so their customers can add a micro-donation (1p-99p) to their bill when paying by card.

On January 29, 2013; Ingenico announced publicly that it had acquired Ogone, a Belgian online payment provider, for 360 million euro.[2] India's second-largest payment gateway, EBS (E-Billing Solutions Ltd.), 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 different 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]

Products

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.
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