Ogone

Ingenico Payment Services (formerly Ogone)
owned by Ingenico Euronext: ING
Industry Financial services
Payment Service Provider
Electronic commerce
Founded Brussels, Belgium (1996)
Key people
 Harold Mechelynck, Founder
Thierry Pierson, Founder
Services Payment Services
Electronic payment
Parent Ingenico
Website payment-services.ingenico.com

Ogone, now Ingenico Payment Services, is a Belgium-based online payment service provider and payment risk management company. Ogone, now Ingenico Payment Services, manages and secures online payments for card-not-present transactions (e-commerce, m-commerce, mail/telephone order, batch payments) and offers unique fraud prevention services. Ogone, now Ingenico Payment Services, is connected through certified links with more than 200 banks and acquirers and provides international, alternative and local payment methods in over 80 countries in Europe, Asia, Latin America and the Middle East.

More than 70,000 businesses use Ingenico Payment Services to manage and secure their online and mobile payments, help prevent fraud and drive their business. (including Friends Provident, Tui, Thomas Cook, Halfords, Just Eat, Bose, Opodo, Club Med, DHL International, Viking Direct/Office Depot, Thalys International, Misco and Center Parcs)

The company is headquartered in Belgium, has operations in India and maintains regional offices in Belgium, the Netherlands, France, Germany, Austria, Switzerland, UK, United Arab Emirates and the US.[1]

History

Ogone, now Ingenico Payment Services, formerly known as Abssys Consulting, was founded in 1996 by Mr. Harold Mechelynck and Mr. Thierry Pierson. In 2003 Ogone was Europe's first payment service provider to develop, integrate and certify a "3-D secure MPI module" (Merchant Plugin Interface), enabling remote payment. In May 2010 the company received an undisclosed majority investment from US-based growth equity firm Summit Partners.[2] The purchase of EBS (E-Billing Solutions) in September 2011, at the time the second largest payment provider in India after CC-Avenues was Ogone's first acquisition and its first move outside the European market.[3] With the addition of the EBS customer-base, Ogone became one of the world`s "largest" payment services.

On January 29, 2013; Ingenico announced an agreement for the acquisition of Ogone.[4]

On March 4, 2013, Ingenico announced the execution of the Share Purchase Agreement for the acquisition of Ogone.[5]

On June 4, 2014 Ogone announced that Ogone is becoming Ingenico Payment Services, the Ingenico Group's flagship brand for digital payment services.[6]

See also

References

  1. ↑ "Ogone sets sights on the US". The Paypers. 10 February 2012.
  2. ↑ "Summit Partners acquires majority stake in e-payment services firm Ogone". TechCrunch. 17 May 2010.
  3. ↑ "Ogone Payment Services enters Indian market via EBS acquisition". The Paypers. 23 September 2010.
  4. ↑ "Ingenico to Buy Ogone for $484 Million in E-Payment Push". Bloomberg. 29 January 2013.
  5. ↑ "Ingenico announces the execution of the Share Purchase Agreement for the acquisition of Ogone". Ingenico. 4 March 2013.
  6. ↑ "Ingenico restructures operations for online and mobile commerce". Finextra. 4 June 2014.

External links