CCV and RUBEAN turn smartphone to payment terminal for merchants
- An app on the smartphone enables the acceptance of mobile payments
- Supported by the card networks with strong demand on the part of merchants
Au in der Hallertau / Munich, 21st February 2018. The Munich fintech company RUBEAN AG (ISIN: DE0005120802) and CCV Deutschland GmbH, affiliate of the CCV Group BV, Arnheim (NL), have agreed on a cooperation aimed at turning the merchants‘ smartphones into payment terminals. The agreement provides the joint development and marketing of mobile Point-of-Sale (mPOS) payment solutions which are solely based on smartphones. For processing contactless (NFC) payments the merchant will not require any additional, peripheral hardware, just the app on their smartphone.
This new smartphone-only mPOS solution is especially appealing for smaller and mobile merchants who regard conventional payment terminals as too unwieldy and expensive. Mastercard and Visa, the card networks who specify security requirements on their payment card systems, have supported the concept of a “smartphone-only” payment terminal since 2017.
Reinhard R. Blum, managing director of CCV Deutschland GmbH: „In the field of smartphone-only mPOS payment terminals, we have decided to enter into a strategic partnership with RUBEAN, since RUBEAN has undertaken valuable preparatory work and supply deeper mobile security expertise.“
Hermann Geupel, chief executive officer of RUBEAN AG: „To ensure a faster market launch of our mPOS solution we looked to partner with a pro-active, cutting-edge manufacturer of POS terminals and found these qualities in CCV. CCV’s acCEPT solution outsources part of its POS terminal functionality on the server, thereby enabling lean apps to be created for end-user devices, smartphones in our case.“ Within the next few months CCV and RUBEAN aim to pilot the joint solution with various card networks in Germany and UK.
CCV develops and markets electronic payment systems and manages terminals in Germany, Benelux and Switzerland. With our comprehensive technical know-how gained from over 20 years spent working in the field of payment terminal development, we are the ideal partners for branch retail as well as for owner managed companies, who we support with individual solutions on the basis of our market and customer-proximate philosophy. Payment systems that are both innovative and reliable form the centrepiece of our organisation: for stationary and mobile retail, for e- and m-commerce, and for the area of self-service. We enable secure and fast payments at every point-of-interaction, and work together with our partners continuously on innovations, which we develop with a holistic understanding for the requirements of the world of retail. Whether it is new impetus for your business life, straightforward systems with significant added value or the long term loyalty of your satisfied customers – all of this is enabled by our Omnichannel solutions for retail, commerce and service providers. CCV Germany is part of the international CCV Group, which is based in Arnhem (NL).
For 18 years, RUBAN AG has served the financial market, developing software which conforms to the most demanding quality and safety standards. The German Savings Bank organization is using one of our Device Management Platforms for more than 10 years, to support some 50,000 work places. RUBEAN AG acts as a holding company to two subsidiaries, each of which represents the company’s two key business domains: Device Management Platforms and Mobile Payment Solutions. Our Mobile Payment Solutions use Near Field Communication (NFC) standard which is supported by all modern smartphones, chip cards and POS terminals nowadays. The focus for all solutions developed by RUBEAN is on an ease of use for end-users, both traders and consumers. RUBEAN has offices in Munich, London and Hamburg and is listed on the Munich Open Market since 2016.
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