RUBEAN Joins Visa Ready Program
- Merchants in Europe will soon be able to use Android™ smartphones to collect money without any need for additional devices
- High demand expected from smaller dealers and traders
Munich, the 12. February 2020. RUBEAN AG (R1B:GR), Munich, has obtained Visa Ready approval (V:US) for its "PhonePOS" payment acceptance solution developed jointly with CCV Group BV, Arnhem (NL), after extensive examination. This means that by simply downloading the PhonePOS app, merchants can accept contactless card payments on their smartphone or tablet without any additional hardware.
The solution differs significantly in its simplicity from the legacy hardware-based payment acceptance terminals in the market. "Merchants will soon be able to accept payments using their own smartphones without having to purchase and use an additional device," says Dr. Hermann Geupel, CEO of Rubean.
Together with its partner CCV, RUBEAN has developed the PhonePOS solution and protected it with patent-pending security software. CCV's server systems ensure a high level of security and flexibility in the processing of card payments on smartphones. This makes CCV's decades of experience as a leading developer and marketer of conventional POS terminals an important competitive advantage for the new convenient and cost-effective payment solution.
RUBEAN estimates the number of potential customers in Germany alone, i.e. smaller retailers and traders, up to 3.1 million. (Source: Statista "Number of companies with up to 9 employees in 2017: 3,109,261 in Germany) and expects high demand for the
PhonePOS solution. After completion of the pilot project, which is currently in development, CCV and RUBEAN will offer the payment solution on a broad basis in the German and European market, with one of the largest financial organizations in Europe as partner.
Rubean AG is an established software developer, specialising in solutions for the financial services sector. For more than 20 years the company has provided bank branches in Germany and Switzerland with software solutions for seamless communication with peripheral devices. Rubean has grown with the rise of mobile commerce, developing innovative solutions for mobile payments. Rubean’s mPOS solution PhonePOS has been developed in cooperation with partner company CCV and will be launched in 2019. The patented RubeanTag technology flexibly utilizes both the Android and iPhone smartphone platforms offering multiple contactless payment systems and customer loyalty programmes. Rubean has been listed on the Munich Open Market (Symbol R1B:GR) since 2016.
CCV develops and markets electronic payment systems and manages terminals in Germany, Benelux and Switzerland. With our comprehensive technical know-how gained from now 25 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 key focus 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 Omni-channel solutions for retail, commerce and service providers.
CCV Germany is part of the international CCV Group, which is based in Arnhem (NL).
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