Intellitix And LOC Pay Systems Merge

Cashless RFID supplier Intellitix adds Dutch payment supplier LOC Pay Systems’ 200 European festivals and venues to its portfolio in Europe.

– Serge Grimaux

Both companies are cashless experts that have been successfully providing their technology to hundreds of festivals. The main difference is that LOC uses a token-based system, while Intellitix is an RFID expert with a data-driven approach.

LOC Pay CEO Roland Wassink said that being able to offer clients “a range of payment options from tokens to cashless RFID technology will be a great advantage to them,” and called the merger “a memorable moment in the history of payment solutions in our market and globally.”

LOC’s 13 full-time employees under Wassink’s management will continue to work from their Lochem offices.

“There is a fantastic team at LOC Pay Systems with a strong reputation based on multiple successes for their clients across the years,” Intellitix CEO Serge Grimaux said. “They will introduce our RFID technologies to an event or venue when appropriate. Where it can bring benefits to a client we know LOC Pay Systems advice will pave the path for the use of our technologies.”

He plans to equip 500 events in 2017 with his product, which would include “a quarter of the events serviced by the new LOC Pay Systems/Intellitix.”