Verifone adds payment as a service capabilities in Germany with acquisition of InterCard AG

Verifone announced that it has signed an agreement to acquire InterCard AG, a leading Payment as a Service provider in Germany.

“This announcement reaffirms our commitment to meeting the needs of our retail clients who are increasingly seeking new services and assistance as they grow across Europe. The acquisition of InterCard will provide retailers with access to a fuller suite of payment acceptance services across the continent,” said June Felix, President Verifone Europe.

InterCard, based in Munich, is a family-owned business that was founded in 1992.  For more than 20 years, the company has provided a full suite of payment services including terminal sales and leasing, field support services such as helpdesk, installation and maintenance as well as gateway services, such as transaction routing.

„The combination of Verifone and InterCard in Germany creates a point of sale terminal and multichannel Payment as a Service provider capable of offering merchants secure, simple and innovative end-to-end payment and commerce solutions.”, according to the press release.

“As the German market continues to evolve toward accepting more forms of cashless payment, Verifone anticipates growing demand from its customers for a partner capable of helping merchants and financial institutions quickly adapt, reducing the complexity of managing their payment environments, and better leveraging their point of sale investments to engage consumers and grow sales,” said Markus Hoevekamp, General Manager, Verifone Germany.

“Together with Verifone, InterCard’s customers will now benefit from further improvements to our service offering and by future innovation,” said Kai Adolph, CEO InterCard AG.  “Furthermore, as the market continues to grow and expand across geographical boundaries, our clients are looking for a partner who can support them seamlessly across countries and across continents.”