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.
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) |
History
edit
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
editIn 2005, Interpay processed 3.3 billion financial transactions.[13]
Subsidiaries
editInterpay had two subsidiaries, Paysquare who facilitatated the acceptance of credit cards and InterEGI who distributed the prepaid Chipknip.[14]
References
edit- ^ 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.
- ^ 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) - ^ BUTIJN, HELENE (1996-02-06). "Albert Heijn wil banken imponeren in chipcard-strijd". Trouw (in Dutch). Retrieved 2022-01-24.
- ^ economie, redactie (2001-07-10). "Interpay breidt uit voor de euro". Trouw (in Dutch). Retrieved 2022-01-24.
- ^ "Jorritsma naar Interpay". NRC Handelsblad (in Dutch). Retrieved 2022-01-22.
- ^ "Interpay wil meer samenwerking". NRC Handelsblad (in Dutch). Retrieved 2022-01-31.
- ^ "SIA buys out Sinsys JV partner Atos Worldline". Finextra Research. 2012-09-07. Retrieved 2022-01-31.
- ^ "Directeur van Interpay stapt op". NRC Handelsblad (in Dutch). Retrieved 2022-01-19.
- ^ "Interpay moet tarief verlagen". Trouw (in Dutch). 2004-07-16. Retrieved 2022-01-24.
- ^ Ludeker, door Iris (2005-05-20). "Scepsis over concurrentie bij pinnen". Trouw (in Dutch). Retrieved 2022-01-24.
- ^ "Interpay aast op 'grenzeloos betalingsverkeer'". www.computable.nl (in Dutch). Retrieved 2022-01-24.
- ^ "Interpay verder onder nieuwe naam". Trouw (in Dutch). 2006-09-21. Retrieved 2022-01-19.
- ^ "Interpay verwerkt recordaantal girale transacties". Trouw (in Dutch). 2006-01-20. Retrieved 2022-01-24.
- ^ "Interpay - Partner in processing" (PDF). Interpay.nl. Archived from the original (PDF) on 19 February 2006. Retrieved 2022-02-04.