What is Ingenico? Ingenico Review

Basic Introduction

Ingenico is a French company that provides secure electronic transaction technology. The company's traditional business is point-of-sale payment terminals, including complete payment software and related services.

Ingenico was founded in France in 1980 by Jean-Jacques Poutrel and Michel Malhouitre and is headquartered in Paris. In 2008, after merging with SAGEM Sécurité, Ingenico closed its R&D center in Barcelona, ​​which developed the Ingenico EFTPOS series.

Main Business

1. Payment/the core of the business-consumer relationship

Payments are the ubiquitous and defining factor that connects merchants and consumers in their purchase behavior. Today, consumers expect fast, simple and secure purchasing experiences, regardless of device or technology, whether in store, at home or on the street. We are a trusted partner for merchants who are eager to make payments that meet those standards, according to the highest standards. In short, we reduce the complexity of payments for merchants across all channels, and we provide more payment options, while enhancing the consumer experience and driving new sales opportunities.

2. Ingenico Group/The core of the payment ecosystem

With 35 years of expertise, we have developed a unique EMV/NFC native in-store acceptance network based on our proprietary operating system Telium, where security and open world applications meet.

To provide merchants directly or indirectly with a comprehensive portfolio of payment solutions, we have expanded our services beyond payment terminals, across the value chain, for both card-present and card-not-present transactions. Today, we have unrivalled geographical coverage with a comprehensive global network of financial institutions and payment methods.

Because we are agnostic, our global network is open to any merchant, financial institution or innovative player, paving the way for new and enhanced consumer experiences.

Partners

China UnionPay, WeChat Pay, Alipay.

Development History

In 2008, Ingenico acquired a 55% stake in Fujian Landi, a Chinese EFTPOS supplier.

In 2009, the company partnered with its two largest competitors, Hypercom and VeriFone, to form the Secure POS Vendor Alliance, a non-profit organization to improve the security of the payment industry.

In 2009, it acquired the German payment processing company Easycash for 290 million euros.

In 2011, the company integrated Pennies into its mobile chip and PIN payment terminals, allowing retailers to use Pennies technology.

In February 2017, the company completed the acquisition of 100% shares of TechProcess Payment Services Ltd.

In July 2017, it announced the acquisition of Bambora, a payment service provider, from Nordic Capital for 1.5 billion euros.

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