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Ingenico Enterprise Retail accelerates smart city, transport revolution

Wednesday, January 22, 2020 — 14:13:49 (EST)

Ingenico Enterprise Retail, part of Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today announces it will launch OP2GO, its Open Payment solution, in North America in 2020. This puts Ingenico at the forefront of the smart city and transport revolution, having introduced the solution across Rio de Janeiro, Taiwan, Madrid and Rome in 2019.

A year ago, Ingenico Enterprise Retail launched its solution for ticketing platforms, including validation equipment and payment environments. Since then, OP2GO has improved the speed and reliability of public transport services, reducing fare collection costs in some cases by over 30%. Building on these previous successes, OP2GO will soon be implemented by a large transport authority in North America.

Comprised of secure contactless readers supporting both closed- and open-loop cards, inspection devices, a payment gateway and acquiring services, OP2GO integrates with all ticketing platforms. With a scalable suite of solutions, from hardware terminals only (OP2GO Acceptance) to combined hardware and dedicated payment gateway (OP2GO Gateway), Ingenico is able to address a multitude of scenarios of payment project deployment.

OP2GO offers a unique set of card readers that allow the convergence of ticketing and payments for a seamless journey. Embedding Ingenico’s new Open Readers into validators and/or gates provides a future-proof solution able to withstand the rigors of transit and payment environments.

Ingenico has collaborated with companies like Visa to help bring contactless tap to pay to transit companies around the world. For those cities that have already harnessed OP2GO, brand awareness perceived by occasional users is improved, and costs are reduced by avoiding issuing proprietary cards. It decreases the waiting-time when entering buses and allows them to travel more easily and efficiently.

Venceslas Cartier, Global Head of Transportation and Smart Mobility at Ingenico Enterprise Retail, commented: “Since 2015, Ingenico’s Open Payment solutions have been offering next-level flexibility to the transport industry, delivering payment component gateway capabilities to speed up deployment for transport integrators and operators.

“In Kiev, Milan, Taiwan, Bratislava, Rio de Janeiro, Madrid and Rome, Ingenico has demonstrated its ability to deliver security, speed and flexibility to operators, and we look forward to expanding our solution globally in the coming months.”

Nick Mackie, Vice President of Global Urban Mobility Solutions, Visa Inc, said: “Moving people quickly and efficiently in our increasingly crowded cities is one of the biggest challenges of our time. At Visa, our ongoing collaboration with Ingenico is helping the world's leading cities make it easier than ever for people to use public transportation and adopt an open, connected, greener way to travel. We look forward to expanding our work into new countries in 2020.”

For more information about OP2GO, visit booth C5 at Ticketing Transport Global 2020 in London on 28-29 January 2020 and speak to one of our experts. Alternatively, visit our website at www.ingenico.com/op2go.

About Ingenico Enterprise Retail

Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise.

As part of Enterprise Retail’s activities, we serve the needs of transport operators, cities and integrators, providing a unique set of solutions to accelerate the smart city and transportation revolution. From self-service, mobile and e-payment, in-store to open payment, we proactively design flawless solutions that help our partners and clients grow their business.

Our latest innovation, OP2GO, integrated into any ticketing platforms (validation equipment) and payment environments (banks and acquirers), is revolutionizing the Open Payment and reaching a new level of innovation for the transportation industry.

Stay in touch with us:

www.ingenico.com

@ingenico

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About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit visa.com/blog and @VisaNews.

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.