Chess Payment Technology

Chess Payment Technology International B.V. operates as a specialized supplier of payment systems and services within the European fintech landscape. Established in 2011 and headquartered in Haarlem, Netherlands, the firm carved a niche for itself by providing physical payment hardware to a diverse merchant base.

The company’s core business centers on the provision of point-of-sale (POS) terminals. Its product suite includes countertop and contactless terminals, EMV-enabled card readers, and integrated chip-and-PIN solutions designed for unattended environments like vending machines. This focus on hardware places it directly in the critical infrastructure segment of the payments market, serving businesses that require reliable in-person transaction capabilities.

Chess Payment Technology's business model is business-to-business (B2B), generating revenue primarily through commission-based structures. Shortly after its inception, the company secured a seed funding round in 2011 from investors including TIIN Capital and Simal Beheer, which facilitated its early-stage growth. A significant milestone in the company's trajectory was its acquisition by the global payment solutions provider Ingenico in January 2018, integrating its specialized hardware offerings into a larger international platform.

Keywords: payment terminals, POS solutions, fintech hardware, merchant services, B2B payments, contactless readers, EMV terminals, Ingenico, payment systems, transaction processing