Interpay
Interpay Nederland B.V.
Merged intoEquens together with Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG
Formation1994
Dissolved2006
Merger ofBeaNet, Bankgirocentrale and Eurocard Nederland
PurposePayment processing
HeadquartersUtrecht
Region served
The Netherlands
OwnerABN Amro, Rabobank, ING Bank, Fortis Bank, SNS Bank, F. van Lanschot Bankiers, Friesland Bank and Bank Nederlandse Gemeenten.
Websiteinterpay.nl on the Wayback Machine in 2006

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.

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.

External links

Financial services companies of the Netherlands
Categories