Interpay

Interpay

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
Headquarters	Utrecht
Region served	The Netherlands
Owner	ABN Amro, Rabobank, ING Bank, Fortis Bank, SNS Bank, F. van Lanschot Bankiers, Friesland Bank and Bank Nederlandse Gemeenten.
Website	interpay.nl on the Wayback Machine in 2006

Interpay Nederland B.V. was the Dutch payment processor and payment product provider from 1994 to 2006. Interpay owned PIN, Chipknip, Acceptgiro [nl] and Incasso.^[1] In 2005, they spun off Currence and in 2006 they merged with Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG to form Equens.

History

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 who facilitatated the acceptance of credit cards and InterEGI who distributed the prepaid Chipknip.^[14]

References

External links

• Interpay video

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