Interpay

Last updated
Interpay
Interpay Nederland B.V.
Merged into Equens together with Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG
Formation1994 (1994)
Dissolved2006 (2006)
Merger ofBeaNet, Bankgirocentrale and Eurocard Nederland
PurposePayment 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 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.

Contents

History

History of Interpay History of Dutch payment organisations.svg
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 which facilitated the acceptance of credit cards, and InterEGI which distributed the prepaid Chipknip. [14]

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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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