Interpay Nederland B.V. | |
![]() | |
Merged into | Equens together with Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG |
---|---|
Formation | 1994 |
Dissolved | 2006 |
Merger of | BeaNet, Bankgirocentrale and Eurocard Nederland |
Purpose | Payment processing |
Location | |
Region served | The Netherlands |
Official language | Dutch |
Owner | ABN Amro, Rabobank, ING Bank, Fortis Bank, SNS Bank, F. van Lanschot Bankiers, Friesland Bank and Bank Nederlandse Gemeenten. |
Website | interpay.nl at the Wayback Machine (archived 2006-01-06) |
Interpay Nederland B.V. was the Dutch payment processor and payment product provider that operated from 1994 until 2006. Interpay owned the payment systems PIN, Chipknip, Acceptgiro and Incasso. [1] The organisation was owned by a consortium of Dutch banks. In 2005, they spun off Currence which in 2006 merged with German company Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG to form Equens.
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]
In 2005, Interpay processed 3.3 billion financial transactions. [13]
Interpay had two subsidiaries: Paysquare which facilitated the acceptance of credit cards, and InterEGI which distributed the prepaid Chipknip. [14]
{{cite book}}
: CS1 maint: others (link)