It should transform Android handsets running 8.0 Oreo or later into contactless payment terminals, supporting PIN entry with no additional hardware.
The mobile app, PhonePOS, will launch first in Germany and then roll-out more broadly throughout Europe. According to Express Computes, the solution is developed to PCI CPoC standards and certified to Visa and Mastercard brand pilot-programs, to be deployed through European-based acquiring banks, and offered as a service through CCV.
Rubean and CCV have worked together to develop and deploy the seamless solution. Rubean’s security and monitoring software meets the requirements of a smartphone-based card terminal. CCV’s acCEPT PaaS (Payment-as-a-Service) ecosystem is the solution for the new tap-on-phone system as it deploys most parts of the POS functionality to the cloud. This makes PhonePOS a lightweight app with security and flexibility.
Besides, Intertrust’s solutions have been employed to protect the encryption keys and provide application hardening, bringing a level of tamper resistance to the application itself.
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