Concardis

from Wikipedia, the free encyclopedia
Concardis

logo
legal form GmbH
founding 2003
Seat Eschborn
management Robert Hoffmann (Managing Director)
Number of employees approx. 1,000 (2018)
sales € 495 million (2016)
Branch Financial service provider (acquirer)
Website www.concardis.com

The Concardis GmbH is a financial services from Eschborn . The company is active in cashless payment transactions and has existed under this name since 2003.

history

The company emerged from the Society for Payment Systems (GZS) founded in 1982. The GZS merged Eurocard Germany and the Deutsche Eurocheque-Zentrale (DEZ), which acted simultaneously as issuer , acquirer and processor. In 1997 the technology and processing division was spun off from GZS and transferred to a newly founded, pure processing company. This took over the established company name GZS, while the "parent company" was renamed EURO card systems . After the merger of Europay International and MasterCard International in 2003, the Eurocard brand was given up, and as a result, on the one hand, the cross-institutional marketing for the new MasterCard brand was outsourced and the entire acquiring area was transferred to the newly founded Concardis GmbH. The entire German banking industry was a shareholder of Concardis until its sale in 2017. 39.2 percent of the shares were split between the savings bank sector and the private banks; the cooperative financial network held 19.6 percent and the public banking sector with 2 percent.

In recent years, Concardis has started to develop from a classic credit card acquirer into a broad-based payment provider that supports retailers and service providers in all areas of cashless payment. At the beginning of 2009, Concardis acquired a stake in the technical network operator cardtech from Cologne and expanded this stake even further in June 2015. In 2013 the company announced that it would acquire a stake in the network operator WEAT GmbH and take over Total Deutschland's shares in WEAT. In 2014, Concardis became the main investor in orderbird, an iPad POS provider for the catering industry. The two companies also agreed on a strategic and operational partnership. In the same year Concardis also took over the Austrian REA Card Bargeldlose Payment Systems GmbH, a provider of stationary and mobile card terminals, from REA Card GmbH in Germany. In May 2016, Concardis announced that it would also take over the technical network operator for card-based payment transactions, ICP, International Cash Processing GmbH. In addition, the shares in Cardtech Card & POS Service GmbH were increased to approx. 70%. In August 2017, Concardis increased its stake in Cardtech to 100%.

In 2016 Concardis processed 425 million transactions with a total turnover of 42.3 billion euros.

At the beginning of 2017 it was announced that the previous owners intend to sell the company for an estimated EUR 700 million to a consortium of private equity investors consisting of Advent and Bain Capital . The takeover took place in January 2017.

A sales cooperation with China UnionPay has existed since the end of 2017 . In April 2017, Advent and Bain Capital took over the Berlin payment service provider Ratepay from the Otto Group , which was integrated into Concardis for organizational purposes .

In spring 2018 Robert Hoffmann became the new managing director of Concardis.

At the beginning of June 2018, Nets announced the takeover of Concardis. Nets is a Danish payment service provider headquartered in Ballerup , Denmark . The takeover took place via a share swap. The business areas were merged. Concardis remains the payment service provider for merchants and Nets offers services for companies and banks. Both companies keep their brand names.

The new company has over 3,000 employees, net sales of EUR 1.3 billion and an operating profit of over EUR 500 million.

In August 2019 it was announced that Mastercard was taking over part of Nets for almost three billion euros.

Services

Payment solutions are offered for common credit and debit cards, card terminals, alternative payment methods, contactless payment methods and PSP services for stationary retail, e-commerce and m-commerce . Solutions are also made available for trading and service companies. In the area of credit cards various credit cards. In the debit card segment Concardis is also active. The company also supports its contractual partners in processing payments via digital wallets such as MasterPass from MasterCard. This range is supplemented by multifunctional EMV -capable POS terminals . In 2014 Concardis integrated an mPOS solution into its portfolio with Concardis Optipay. The mobile card terminal enables merchants to process payments with debit or credit cards using their smartphones.

Under the name Concardis Payengine , the company also offers services as a payment service provider (PSP) and cooperates for this, among other things. a. with Alipay and Twint .

Web links

Individual evidence

  1. ↑ 2016 annual financial statements, accessed on July 31, 2018 at www.unternehmensregister.de
  2. ↑ Concardis is further expanding its market position with acquisitions. In: www.concardis.com. May 2, 2016, accessed on May 2, 2016 (at-de).
  3. ^ Concardis: More luck in Germany. In: finews.ch. September 24, 2017. Retrieved July 9, 2018 .
  4. ↑ Concardis GmbH annual financial statements for the financial year from 01/01/2016 to 12/31/2016. Bundesanzeiger Verlag, June 22, 2017, accessed on July 31, 2018 .
  5. ↑ FAZ: Financial investors want to buy credit card terminal companies , January 5, 2017, accessed on January 8, 2017
  6. ↑ Advent and Bain pay 600 million euros for Concardis. In: FINANCE magazine. January 16, 2017, accessed March 7, 2017 .
  7. ↑ UnionPay International and Concardis sign sales cooperation . In: www.pressebox.de, November 2, 2017, accessed November 8, 2017.
  8. ↑ Advent and Bain Capital: Otto Group sells Ratepay to financial investors . ( handelsblatt.com [accessed July 1, 2018]).
  9. ↑ "Consolidation among payment service providers is urgently needed". In: Handelsblatt. June 13, 2018, accessed July 9, 2018 .
  10. ↑ a b Ingenico next on takeover radar in the midst of fintech frenzy. In: world. June 29, 2018. Retrieved July 17, 2018 .
  11. ^ Hellman & Friedman Is Said Near Deal for Payments Firm Nets. In: Bloomberg.com. September 22, 2017, accessed July 17, 2018 .
  12. ↑ a b Payment transactions: the SIX deal catches on. In: finews.ch. June 4, 2018, accessed July 17, 2018 .
  13. ↑ a b "Consolidation among the payment service providers is urgently necessary". In: Handelsblatt. June 13, 2018, accessed July 17, 2018 .
  14. ↑ 3 reasons for the M&A boom among payment service providers. In: finance-magazin.de. August 29, 2018. Retrieved September 13, 2018 .
  15. ↑ Elisabeth Atzler: Mastercard is investing three billion euros in the payment provider Nets. In: handelsblatt.com . August 6, 2019, accessed August 10, 2019 .
  16. ↑ One year Alipay in Germany: Expectations clearly exceeded . In: www.pressebox.de, accessed on November 7, 2017.
  17. ↑ Concardis is your acquiring partner for the activation of TWINT. . In: www.twint.ch, accessed on March 2, 2020.