LOCHEM, Netherlands (CelebrityAccess) — RFID cashless payments provider Intellitix has acquired a controlling stake in token-based payment business Loc Pay Systems, and its portfolio of more than 200 European fest and venue clients.
Netherlands-based LOC Pay Systems will continue to operate from its current headquarters in Lochem with CEO Roland Wassink continuing to helm the company.
The integration of the two companies will give LOC Pay Systems clients access to Intellitix's RFID Cashless technology, while providing Intellitix with a larger foothold in Europe.
Roland Wassink comments: “Bringing Intellitix and LOC Pay Systems together makes us very unique for our mutual clients. We enjoy very close understanding of our clients’ requirements and their events, so being able to offer them a range of payment options from tokens to cashless RFID technology will be a great advantage to them. We have been researching RFID technology for several years, so we are very excited about being able to offer Intellitix’s proven technology not only for cashless but also for brand amplification and access control, with our staff project managing the implementation opportunities into Europe and beyond. This merger is a memorable moment in the history of payment solutions in our market and globally.” – Staff Writers