Payzone (Ireland)
Payzone is an Irish consumer payment service provider company based in Dublin. The company processes electronic transactions, including debit/credit card transactions mobile phone top ups, M50 motorway toll payments, Leap travel cards, local property tax payments, pay-by-phone parking, pre-paid and bill pay utility and parcel collection services.[1] Based in Sandyford, the company employs over 80 people in Ireland.
| Type | Private |
|---|---|
| Industry | Payment Network |
| Predecessor | Alphyra ITG Group |
| Founded | 1989 |
| Headquarters | Dublin, Ireland |
Area served | Ireland |
Key people | Mike Maloney (Chairman), Jim Deignan (CEO), Nigel Bell (CFO). |
| Products | Cash acceptance, EFT, Online payments, ATM. |
| Parent | Carlyle Cardinal Ireland |
| Website | www |
History
The company was founded in 1989. It previously traded as Alphyra (1999-2007) and ITG Group (1989-1999) and was listed on the LSE under ticker LSE: PAYZ. In 2010 it was acquired by Duke Street Capital in a debt for equity deal,[2] and then sold to Carlyle Cardinal Ireland for €43.3m in 2015.[3][1]
Operations
Retail services
Payzone provides payment terminals for customers can make payments for a variety of products and services such as mobile phone top ups, M50 motorway toll payments; Leap travel cards, a range of gift cards, local property tax payments, parking fees, pre-paid and bill-pay utilities, waste payments and parcel collection services. The Payzone terminals also support credit and debit card acceptance for goods and services that retailers can sell directly to their customers.
Credit and debit card processing
Payzone provides payment terminals to small to medium-sized businesses in the ‘general retail’ sector that allows those businesses to accept credit and debit card payments. Payzone's clients in the ‘general retail’ sector include beauty salons, clothing stores, restaurants, bars, car servicing and motor accessories outlets.
Online payments
Payzone provides an online service to retailers to process transactions online. Online payments processed by Payzone include toll payments, prepaid electricity and transport ticketing.
Mobile payments
Payzone provides a mobile payment service via SMS, Mobile App and Interactive Voice Response technologies for Pinergy and Electric Ireland. Consumers can pay for services using their mobile phone and the payment is deducted from a previously registered credit/debit card.
Payzone's owns and operates Parking Tag, a cashless parking service. This allows motorists to pay for parking in selected locations using their mobile phone. Parking Tag is available across Dublin and selected areas in both Wicklow and Laois.
References
- Taylor, Charlie (17 August 2016). "Payzone Pretax Profits Increase by over 60% as Company Rebalances". Irish Times – via HighBeam (subscription required) . Retrieved 25 July 2017.
- "Payzone cuts debt by sale of stake to Duke Street". City AM. 8 February 2010. Retrieved 25 July 2017.
- O'Donovan, Donal (10 March 2015). "Payzone sold by backers to private equity fund". Irish Independent. Retrieved 25 July 2017.
