Interpay

Interpay

Interpay

Dutch payment processor


Interpay Nederland B.V. was the Dutch payment processor and payment product provider from 1994 to 2006. Interpay owned PIN, Chipknip, Acceptgiro [nl] and Incasso.[1] In 2005, they spun off Currence and in 2006 they merged with Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG to form Equens.

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History

History of Interpay

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

ING Group was the largest shareholder of Interpay, at around 30%.[2]

In 1995, Interpay started with a pilot of the Chipknip.[3]

Trouw noted in 2001 that a smooth transition to the Euro was dependent on Interpay.[4] In 2003, Annemarie Jorritsma became a commissioner at Interpay.[5]

In September 2003, Interpay started together with Banksys and SSB the company Sinsys for credit cards, to reduce costs.[6] Sinsys ultimately became wholly owned by SIA in 2012.[7]

Director Willem Stolwijk left in 2006 and was replaced by Ben Haasdijk.[8] In 2004, Interpay was forced to lower their tariffs for the hospitality sector.[9] The Netherlands Competition Authority fined Interpay for 30 million euros because their tariffs were 5 to 7 times too high.[10] In 2004, Interpay sold their Document Services division to Unisys.[11]

In September 2006, it was merged with the German Transaktionsinstitut to form Equens.[12]

Transaction processing

In 2005, Interpay processed 3.3 billion financial transactions.[13]

Subsidiaries

Interpay had two subsidiaries, Paysquare who facilitatated the acceptance of credit cards and InterEGI who distributed the prepaid Chipknip.[14]


References

  1. Meulen, Nicole S. van der (2011). Financial identity theft: context, challenges and countermeasures. The Hague: T.M.C. Asser Press. ISBN 978-90-6704-814-9. OCLC 756509292.
  2. International business : theory and practice. Riad A. Ajami (2nd ed.). Armonk, N.Y.: M.E. Sharpe. 2006. ISBN 978-0-7656-2154-2. OCLC 290548221.{{cite book}}: CS1 maint: others (link)
  3. BUTIJN, HELENE (1996-02-06). "Albert Heijn wil banken imponeren in chipcard-strijd". Trouw (in Dutch). Retrieved 2022-01-24.
  4. economie, redactie (2001-07-10). "Interpay breidt uit voor de euro". Trouw (in Dutch). Retrieved 2022-01-24.
  5. "Jorritsma naar Interpay". NRC Handelsblad (in Dutch). Retrieved 2022-01-22.
  6. "Interpay wil meer samenwerking". NRC Handelsblad (in Dutch). Retrieved 2022-01-31.
  7. "SIA buys out Sinsys JV partner Atos Worldline". Finextra Research. 2012-09-07. Retrieved 2022-01-31.
  8. "Directeur van Interpay stapt op". NRC Handelsblad (in Dutch). Retrieved 2022-01-19.
  9. "Interpay moet tarief verlagen". Trouw (in Dutch). 2004-07-16. Retrieved 2022-01-24.
  10. Ludeker, door Iris (2005-05-20). "Scepsis over concurrentie bij pinnen". Trouw (in Dutch). Retrieved 2022-01-24.
  11. "Interpay aast op 'grenzeloos betalingsverkeer'". www.computable.nl (in Dutch). Retrieved 2022-01-24.
  12. "Interpay verder onder nieuwe naam". Trouw (in Dutch). 2006-09-21. Retrieved 2022-01-19.
  13. "Interpay verwerkt recordaantal girale transacties". Trouw (in Dutch). 2006-01-20. Retrieved 2022-01-24.
  14. "Interpay - Partner in processing" (PDF). Interpay.nl. Archived from the original (PDF) on 19 February 2006. Retrieved 2022-02-04.

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