Wirecard unveils concept for mobile-based point-of-sale infrastructure

Friday 23 May 2014 14:29 CET | News

Wirecard AG, a German provider of electronic payment and risk management services, has unveiled a concept dubbed ‘Wirecard ePOS’ relating to internet-based point-of-sale (POS) infrastructure.

The ‘customer controlled checkout’ concept creates a checkout, accessible on the go, because it is located on a customer’s mobile device. The customer uses Bluetooth (BLE) on their mobile phone to check in at the retailer, uses an in-store scanner to scan their goods and finally pays via self-checkout using the retailer’s store app, which is based on an integrated technology.

Using HCE technology, Wirecard is set to provide retailers with the technological infrastructure to process EMV transactions (card present) instead of the nowadays most available process - digital card data (card not present). Wirecard uses a unique token on the customer’s mobile phone for each transaction, which is connected to the retailer’s checkout system via Wirecard’s multi-channel payment gateway. Alternatively, the transactions can be processed using the SIM card or handset based secure element. In this way, retailers can accept EMV transactions without using a POS terminal, although the customer is not using a physical card.

In recent news, Wirecard AG has integrated host card emulation (HCE) into its Mobile Wallet Platform.

For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Wirecard, EPoS, mobile, point-of-sale, infrastructure, POS, internet, BLE, EMV, HCE
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events