PARIS, Feb. 20, 2014 (GLOBE NEWSWIRE) -- Ingenico (Euronext: FR0000125346 - ING), the world's leading provider of payment solutions and Samsung, a global leader in digital media and digital convergence technologies, have teamed up to jointly offer an integrated mobile payment solution.
Conceived on a global scale, this new alliance will enable merchants and retailers to benefit from a seamless mPayment system bringing together Samsung's mobile devices and tablets, and Ingenico's merchant mobile platform and card readers. Each of these elements is bulwarked by joint security and support from Ingenico and Samsung, which provide businesses a straightforward and low-risk entry into the mobile payments ecosystem.
Furthermore, the combination of Ingenico and Samsung's channels to market - financial institutions and telecommunications operators, respectively - will bring an end-to-end and secured mPayment to businesses of all sizes, throughout the world. It will significantly improve their business efficiency in store while capturing new sales opportunities their store walls.
"We are very excited to enter a strategic partnership with Samsung, enabling them to expand their presence in the payments sphere. This global scale alliance represents a significant milestone, as two industry leaders combine to bring the best of the mobile and payment worlds." says Philippe Lazare, President and CEO of Ingenico.
"We are very pleased to be associated with Samsung in this ground-breaking alliance, which illustrates our unique position to deliver secured seamless payment solutions throughout the world. We are excited about the benefits that this partnership will bring" added Patrice le Marre, Ingenico's EVP in Ingenico APAC-China region.
"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 reach provides the most comprehensive merchant payment solution in the market." says Jongshin Kim, Vice President of Enterprise Business Team, Mobile Communications Business at Samsung Electronics.
About Ingenico (Euronext: FR0000125346 - ING)
Ingenico is a leading provider of payment solutions, with over 20 million terminals deployed in more than 125 countries. Its 4,500 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue, whatever the channel. With Ingenico's innovative mCommerce affiliate, ROAM TM , the Group has a comprehensive suite end-to-end mobile payments solution designed to meet the needs from the very smallest to the very largest merchants around the globe.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere.
Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, tablets, PCs,
cameras, home appliances, printers, LTE systems, medical devices, semiconductors and LED solutions. We employ
286,000 people across 80 countries with annual sales of US$216.7 billion. To discover more, please visit
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