Interpay

Interpay Nederland B.V. was the Dutch

History

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