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.

## Contents

* 1 History
* 2 Transaction processing
* 3 Subsidiaries
* 4 References
* 5 External links

## 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

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. https://www.worldcat.org/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. https://www.worldcat.org/oclc/290548221.
3. ↑ BUTIJN, HELENE (1996-02-06). "Albert Heijn wil banken imponeren in chipcard-strijd" (in nl-NL). https://www.trouw.nl/gs-b9030832.
4. ↑ economie, redactie (2001-07-10). "Interpay breidt uit voor de euro" (in nl-NL). https://www.trouw.nl/gs-bc96893b.
5. ↑ "Jorritsma naar Interpay" (in nl). https://www.nrc.nl/nieuws/2003/12/02/jorritsma-naar-interpay-7664384-a140816.
6. ↑ "Interpay wil meer samenwerking" (in nl). https://www.nrc.nl/nieuws/2003/09/25/interpay-wil-meer-samenwerking-7655383-a1099403.
7. ↑ "SIA buys out Sinsys JV partner Atos Worldline" (in en). 2012-09-07. https://www.finextra.com/newsarticle/24042/sia-buys-out-sinsys-jv-partner-atos-worldline.
8. ↑ "Directeur van Interpay stapt op" (in nl). https://www.nrc.nl/nieuws/2003/09/23/directeur-van-interpay-stapt-op-7655147-a1041904.
9. ↑ "Interpay moet tarief verlagen" (in nl-NL). 2004-07-16. https://www.trouw.nl/gs-b4f56886.
10. ↑ Ludeker, door Iris (2005-05-20). "Scepsis over concurrentie bij pinnen" (in nl-NL). https://www.trouw.nl/gs-b03bbed5.
11. ↑ "Interpay aast op 'grenzeloos betalingsverkeer'" (in NL). https://www.computable.nl/artikel/achtergrond/outsourcing/1387526/1444691/interpay-aast-op-grenzeloos-betalingsverkeer.html.
12. ↑ "Interpay verder onder nieuwe naam" (in nl-NL). 2006-09-21. https://www.trouw.nl/gs-b3300b61.
13. ↑ "Interpay verwerkt recordaantal girale transacties" (in nl-NL). 2006-01-20. https://www.trouw.nl/gs-bd9433b2.
14. ↑ "Interpay - Partner in processing". http://www.interpay.nl/binaries/Interpay_corp_brochure_tcm35-2912.pdf.

## External links

* Interpay video

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