CCV and RUBEAN turn smartphone to payment terminal for merchants
- Partnership to enhance security of PhonePOS solution with hardware-protected PIN on COTS implementation, allowing higher value transactions
18 June 2019 – Mobile security leader Trustonic today announces a partnership with Rubean AG, an established mobile security-focused fintech, and CCV, a leading European payment solution provider, to develop an mPOS solution that accepts higher value transactions by enabling hardware-protected PIN entry on a range of commercial off-the-shelf (COTS) smartphones.
Using a smartphone as a mobile point of sale (mPOS) solution enables traders, small retailers and SMBs to save money on costly payment acceptance hardware, improve staff efficiency and increase customer satisfaction. Payment platforms and solution providers also benefit, as they can eliminate the costs associated with procuring and managing traditional POS terminals. The ease of adding new functionalities to smartphone apps will also shorten time to market for innovative new digital marketing and customer loyalty features.
The Trustonic Application Protection (TAP) platform protects mobile applications by securing sensitive code, data and processes in a heavily protected environment. The environment also constantly upgrades over the course of an app’s lifecycle to take advantage of the most advanced hardware and software security technologies available on smartphones. The platform includes Trustonic’s Trusted User Interface (TUI), which isolates and protects sensitive input and display interactions – like PIN entry – in app UIs. The TAP development toolkit enables developers to easily develop and deploy apps, delivering the best protection available whatever the user’s device.
Through CCV’s server platform "acCEPT", both payment intelligence and security-critical elements can be mapped to smartphones via an app, as the payment processing takes place predominantly in the secure PCI-DSS cloud.
Rubean protects, personalizes and monitors CCV’s payment terminal client on smartphones in compliance with the payment schemes’ security requirements. As an essential part of Rubean’s infrastructure, TAP protects cardholder’ PIN entry, enabling higher-value transactions and increasing convenience for merchants and consumers.
Ben Cade, CEO of Trustonic, says: “Using smartphones to make payments instead of your card is already widely adopted by consumers, and using the same devices as contactless mPOS terminals for merchants is one of the most exciting and disruptive trends in the payment technology space.
“Using a TUI secured by a hardware-based Trusted Execution Environment is widely regarded as best practice for app-based mPOS implementations and, by using TAP, this is exactly what developers can achieve. This is nuanced security delivering simpler, richer and faster user experiences. We are committed to supporting the development of CCV & Rubean’s hardware-protected PhonePOS solution and its rollout on some of the world’s largest smartphone brands.”
Hermann Geupel, CEO of Rubean AG, comments: “The top payment schemes have supported the concept of a "smartphone-only" payment terminal since 2017. In response to increasing demand from banks and merchants, Rubean & CCV plan to launch a smartphone-only payment terminal with card PIN entry functionality with multiple card networks and partners throughout Europe. Trustonic’s TAP toolkit provides us with the most advanced and secure user interface for enabling secure PIN entry on COTS smartphones.”
Trustonic's mission is to embed the best security into the world’s smart devices and apps, empowering mobile and IoT developers to build the trust required to deliver simple, fast and secure solutions.
The Trustonic hardware-backed security platform is embedded in more than 1.7 billion devices, including those from Samsung, vivo, OPPO, Xiaomi, Meizu and LG. Trustonic’s mobile app protection solutions secure critical apps for banks, fintechs, payment providers, cryptocurrency platforms, automotive manufacturers, mobile network operators and government bodies, including Samsung Pay, Cartes Bancaires, Alipay, WeChat Pay, Hyundai and VW. Trustonic is a venture formed in 2012 by Arm and Gemalto.
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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