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Phos and Silverflow join forces

Tuesday 30 April 2024 13:35 CET | News

Phos has partnered with cloud platform for global card processing, Silverflow, to help businesses leverage a solution for accepting contactless payments directly to mobile devices. 

 

According to the announcement, the partnership combines Phos' SoftPoS technology with Silverflow's payment processing platform, to offer a comprehensive and ready-to-deploy solution for banks, acquirers, payment service providers (PSPs), and independent sales organisations (ISOs). 


The integrated solution seeks to significantly reduce development and implementation time, allowing clients to launch their SoftPoS offerings rapidly. Silverflow's advanced processing capabilities complement Phos' front-end components, including the payment app, terminal management system, and merchant portal, empowering businesses to offer a robust and user-friendly experience.

Phos has partnered with cloud platform for global card processing, Silverflow, to help businesses leverage a solution for accepting contactless payments directly to mobile devices.

By utilising Silverflow’s cloud native architecture, customers will be provided with a data-rich set that ensures higher approval rates, chargeback data and cardholder information, equipping them for long-term success. This collaboration also expands the reach of the improved payment solutions across Europe by tapping into Silverflow's presence in the ecommerce sector including shopping platforms, large retailers and payment service providers (PSPs), enabling a truly omnichannel proposition alongside Phos. 

About phos 

Established in 2018, phos is a software point of sale (SoftPoS) orchestrator that aims to help legacy technology providers and financial institutions to quickly bring tap to pay solutions to market. Its cross-platform technology enables merchants to accept contactless payments directly on a mobile device. With 19 certified acquirer connections globally, phos makes it easy for businesses that serve customers through a mobile application to enable tap-to-pay acceptance through their own solution. Phos offers rapid digital deployment and is uniquely phone and bank-agnostic – it can be used on any NFC-enabled mobile device and by any bank or acquirer. Phos is a payment technology provider, licensed to operate globally and certified by VISA and Mastercard laboratories for functionality and security.   

About Silverflow 

Silverflow is a payment processing platform designed for today's payment needs and fit for the future. A cloud-native solution with a single API to the card networks. One platform with one connection.  

In February 2024, fintech Aevi partnered with Silverflow to help acquirers to reengage in direct payment processing. The collaboration between the two companies was to support banks with a modern, data-driven processing proposition, leveraging an Android-led in-person payment solution. This initiative enables banks to cater to Independent Software Vendors (ISVs), offer all-in-one smart Point-of-Sale (POS) products, and facilitate stand-alone payments within a unified and fully integrated processing platform at a global level. 

In January 2024, Intergiro announced its partnership with Silverflow to provide its merchants with optimised card processing technology. The partnership would give Intergiro the possibility to offer its customers and clients optimised card network functionality, as well as increased processing efficiency, and access to card scheme data. At a time when digital merchants are aiming to improve their payment processing capabilities, the collaboration would add acquiring offerings to Integiro’s financial services, while complementing its digital issuing and bank account solutions by delivering detailed reporting at the same time. 

Source: Link


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Keywords: partnership, SoftPOS, banks, PSP, cloud, financial services
Categories: Payments & Commerce
Companies: Phos, Silverflow
Countries: World
This article is part of category

Payments & Commerce

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Phos

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