Electronic Payments, Payment technology

Ingenico, Samsung partner to offer integrated mobile payments solution

Money Phone MobileIngenico and Samsung teamed up last week to offer an integrated mobile payment solution backed by joint security and support, providing businesses with a low-risk entry into the mobile payments market.

“We are very excited to enter a strategic partnership with Samsung, enabling them to expand their presence in the payments sphere,” Ingenico President and CEO Philippe Lazare said. “This global scale alliance represents a significant milestone, as two industry leaders combine to bring the best the mobile and payments worlds.”

The mPayment system will integrate Samsung’s mobile devices and tablets with Ingenico’s card readers and merchant mobile platform. The integration will bring an end-to-end and secure mPayment platform to businesses around the world.

“There is significant market demand to provide more secure, more rugged services for small and large enterprises as new companies make the shift to mobile and we believe that Samsung and Ingenico’s combined global research provides the most comprehensive merchant payment solution in the market,” Jongshin Kim, the vice president of the enterprise business team in Samsung’s mobile communications division, said.

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