Ingenico Partners with Google to Work on Google Wallet

Traditional Payment Terminals Move from Point of Sales to Point of Service

Neuilly sur Seine – May 27, 2011. Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announced its collaboration with Google on Google Wallet, which allows consumers to use their mobile phones to tap, pay and save. Google announced Google Wallet during its event for partners in New York on May 26.

There is nothing more exciting than to see how our mobile payments solution will transform traditional payment terminals from a point of sale to a point of service by enhancing consumer shopping experience,” said Philippe Lazare, Chairman and CEO of Ingenico. “It will enable consumers not only pay with their Google Wallet, but also redeem coupons, use gift cards, and earn loyalty points.”

With an installed base of over 15 million terminals globally, Ingenico brings three decades of payments expertise to the Google Wallet project. The company is already working with its customers to provide Google Wallet support for their implementation using Ingenico’s next generation secure and EMV-enabled Telium series terminals.

Google Wallet is based on near field communication (NFC) technology and is intended to enable consumers to make fast and secure payments via their mobile phone. Google Wallet is currently being field tested.

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Ingenico Partners with Google to Work on Google Wallet

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