Ingenico

Ingenico is a French-based company whose business is to provide technology related to secure electronic transactions. Its traditional business is based on the production of POS terminals, but also includes complete payment software and related services, as well as merchant software.

Ingenico was founded in France by Jean-Jacques Poutrel and Michel Malhouitre in 1980. It is based in Paris.

In 2008, after merging with SAGEM Sécurité, Ingenico closed its R&D center in Barcelona. This center was developed by EFTPOS Ingenico (Electronic Money Transfer at Point of Sale). In 2008, Ingenico acquired 55% of China’s EFTPOS vendor Fujian Landi.

In 2009, Ingenico worked with its two largest competitors, Hypercom and VeriFone, to set up the non-profit organization Secure POS Vendor Alliance to raise awareness of the security of the payment industry and improve its security. Ingenico received the German payment processor Easycash in 2009 for € 290 million.

In 2011, Ingenico integrated Pennies, an electronic charity box, into one of its mobile Chip and PIN payment terminals. card.

In July 2017 Ingenico bought the Swedish payment group Bambora for EUR 1.5 billion. This acquisition allows the group to accelerate the development of Retail through the SMB direct channel in the Nordic countries and deploy the successful Bambora model in new markets.

In October 2017, Ingenico expanded its direct sales channel in Spain to acquire the IECISA electronic payment system.

In December 2017, Ingenico acquired Airlink to expand its Asian reach.

Ogone was an online payment service provider in Belgium and a payment risk management company that is part of Ingenico since 2013. After the acquisition, Ingenico renamed Ingenico’s payment service business. Ogone managed and secured online payments for card-free transactions (e-commerce, m-commerce, mail / phone orders, batch payments) and provided fraud prevention services. Connected through certified ties with more than 200 banks and acquirers, Ogone has provided international, alternative and local payment methods in more than 80 countries in Europe, Asia, Latin America and the Middle East, with 77,000 clients in 2014. The company was headquartered in Belgium and operated in India and regional offices in Belgium, the Netherlands, France, Germany, Austria, Switzerland, the UK, the United Arab Emirates and the USA.

Ogone was founded as Abssys Consulting in 1996 by Mr. Harold Mechelynck and Mr. Thierry Pierson. In 2003, Ogone was the first European payment service provider to develop, integrate and certify a “3-D Secure Merchant Plugin Interface (MPI)” module for remote payments.

In May 2010, the company received an undisclosed majority investment from Summit Partners, which is based in the US. EBS (E-Billing Solutions) in September 2011, the second-largest payment provider in India at CC-Avenues, was Ogone’s first acquisition and its first move outside the European market. With the addition of the EBS customer base, Ogone has become one of the world’s largest payment services.

On January 29, 2013, Ingenico announced an agreement to acquire Ogone. A share purchase agreement was made two months later for EUR 360 million.
On 4 June 2014, Ogone announced that Ogone is becoming Ingenico Payment Services, Ingenico Group’s flagship digital payment service. All activities will be divided into three main brands: Ingenico Smart Terminals, Ingenico Mobile Solutions and Ingenico Payment Services. Ingenico Payment Services brings together Ingenico’s acquisition activities in recent years, including Ogone, TUNZ, easycash, easycash Loyalty Solutions and AXIS (not to be confused with Indian AxisBank).

Ingenico
Ingenico is a French-based company whose business is to provide technology related to secure electronic transactions. Its traditional business is based on the production of POS POS terminals, but also includes complete payment software and related services, as well as merchant software.
Ingenico was founded in France by Jean-Jacques Poutrel and Michel Malhouitre in 1980. It is based in Paris.

In 2008, after merging with SAGEM Sécurité, Ingenico closed its R&D center in Barcelona. This center was developed by EFTPOS Ingenico (Electronic Money Transfer at Point of Sale). In 2008, Ingenico acquired 55% of China’s EFTPOS vendor Fujian Landi.

In 2009, Ingenico worked with its two largest competitors, Hypercom and VeriFone, to set up a non-profit organization, the Secure POS Vendor Alliance, to increase security awareness