Ingenico Merges Acquired Companies to Form New ePayments Division
Jan. 19, 2016
Ingenico has leveraged acquisitions made over the past two years to form a digital payments division that will enable the French company to offer omnichannel payment services to merchants around the world. Ingenico, which began as a POS terminal manufacturer—and retains its card-present function —yesterday said it has combined the capabilities it inherited from acquiring Belgian PSP Ogone in 2013 and Dutch e-commerce processor and acquirer GlobalCollect a year later.
Ingenico ePayments will be mobile-first and developer-friendly, the company said, enabling an end-to-end solution with single reporting for omnichannel and cross-border online payments in 170 countries. Ingenico announced the new structure at this week’s National Retailer Federation annual event in New York City. The company waited several years to fully combine its new assets because it wanted to ensure the units would function seamlessly as one, Pierre-Antoine Vacheron, executive vice president of Ingenico ePayments, told CardNotPresent.com during an interview at the event.
“The idea was to communicate the brand story only when we were ready,” Vacheron said. “We always observe [acquisitions] for a period of time to make sure we understand precisely what is inside—the strengths and the weaknesses. And, when we have the right level of maturity we can design the right organization, we can have the right approach in terms of product, technology. When you wait, you give people time to trust each other internally and [the acquired companies] become ready to give up control of their babies. They want to be part of the new team.”
The combined ePayments unit serves 65,000 merchants and offers 150 payment methods in 170 countries.