To consolidate the data flows that are increasingly becoming part of real-time payment processing, Ingenico is turning to MapR Technologies to provide artificial intelligence and analytics to its platform.
Ingenico will use the MapR Data Platform as the foundation for its payment processing systems that its says handle 5.1 billion transactions across 300 payment types within 170 countries through Ingenico equipment.
The use of MapR aligns with Ingenico's strategy to consolidate multiple data silos into a unified platform for its work in 25 research and development centers, more than 1,000 financial institutions and payment acceptance at 30 million payment terminals.
Ingenico cited a need for data consolidation in the aftermath of recent acquisitions of TechProcess, Bambora, Paymark, Airlink and IECISA.
“Consolidation is happening all the time in the payments world," Frédéric Delhalle, retail director of strategy and architecture for Ingenico, said in a Tuesday press release. "To survive and grow, Ingenico must stay on the cusp of technology and innovation by using solutions that allow us to remain focused on our core payment business.”
Data management is at the heart of that philosophy, Delhalle said.
“It would be simply unthinkable these days to start doing that without implementing a future-proof, flexible and robust data platform delivering not just storage capacity, but also the means to leverage all the data generated by Ingenico worldwide – in real time,” he added.
Santa Clara, Calif.-based MapR will support fraud control as well as client analytics, while also reducing the costs of curating data sets previously dispersed throughout networks. It will also streamline and follow country-specific data security and privacy regulations, while reducing operational complexities and associated costs, Ingenico said.
"The Ingenico project is very important to MapR and teams from both companies worked together to ensure the best possible integration and develop new data methods," Jim Stock, vice president of Europe, Middle East and Asia for MapR, said in the release.
"The use of the MapR Data Platform within Ingenico’s infrastructure is helping to deliver a successful digital transformation that will underpin continued growth and new innovation,” Stock added.