Ogone

Ogone
Subsidiary
Industry Financial services
Payment Service Provider
Electronic commerce
Fate Acquired by Ingenico and rename Ingenico Payment Services
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 was a Belgium-based online payment service provider and payment risk management company that has been part of Ingenico since 2013.[1] Ingenico renamed the business Ingenico Payment Services.

Ogone managed and secured online payments for card-not-present transactions (e-commerce, m-commerce, mail/telephone order, batch payments) and provided fraud prevention services. Ogone, was connected through certified links with more than 200 banks and acquirers and provided international, alternative and local payment methods in over 80 countries in Europe, Asia, Latin America and the Middle East and in 2014 had 77,000 clients.

The company was headquartered in Belgium and had operations in India and regional offices in Belgium, the Netherlands, France, Germany, Austria, Switzerland, UK, United Arab Emirates and the US.[2]

History

The company was founded as Abssys Consulting 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.[3] 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.[4] 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.[5] A share purchase agreement for the acquisition was executed two months later.[6]

On June 4, 2014 Ogone announced that Ogone is becoming Ingenico Payment Services, the Ingenico Group's flagship brand for digital payment services.[7]

See also

References

  1. ↑ "Ingenico announces an agreement for the acquisition of Ogone". Ingenico. 29 January 2013.
  2. ↑ "Ogone sets sights on the US". The Paypers. 10 February 2012.
  3. ↑ "Summit Partners acquires majority stake in e-payment services firm Ogone". TechCrunch. 17 May 2010.
  4. ↑ "Ogone Payment Services enters Indian market via EBS acquisition". The Paypers. 23 September 2010.
  5. ↑ Mawad, Marie; Rahn, Cornelius (January 29, 2013). "Ingenico to Buy Ogone for $484 Million in E-Payment Push". Bloomberg.com. Retrieved October 22, 2016.
  6. ↑ "Ingenico announces the execution of the Share Purchase Agreement for the acquisition of Ogone". Ingenico. 4 March 2013.
  7. ↑ "Ingenico restructures operations for online and mobile commerce". Finextra. 4 June 2014.

Further reading


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