- Payment Card Industry enables global market entry for PhonePOS™
- Certification according to CPoC™
- Strong interest from banks and payment service providers from overseas, throughout Europe and Asia can now be translated into orders
Munich, May 10, 2021: The fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B: GR) has today received the globally recognized certification from the Payment Card Council Security Standard Council (PCI SSC) for its software solution, PhonePOS™, applicable to all credit card payments. This allows Rubean to successfully offer its software worldwide and attract interested banks and payment service providers from overseas, throughout Europe, and Asia as customers. This provides Rubean with an even greater growth opportunity than before. In Germany, the certification had already been obtained from the German Banking Industry, the umbrella organization of all German banks, savings banks, and cooperative banks, which led to the engagement of all German savings banks.
PCI SSC is a global forum for the ongoing development, improvement, storage, dissemination, and implementation of security standards for the protection of account data. The PCI SSC is led by an Executive Committee composed of representatives from American Express, Discover, JCB International, Mastercard, UnionPay, and Visa Inc. Specifically, Rubean has obtained the industry-wide certification according to Contactless Payments on COTS (CPoC™). COTS refers to products manufactured in large quantities. The CPoC certification is the trusted assessment for Rubean’s PhonePOS™, a payment acceptance application for mobile standard devices without additional security hardware. It enables PhonePOS™ to participate in major card payment infrastructures.
The Rubean software is implemented in an app that turns Android-powered smartphones into cash receiving terminals without the need for additional hardware. PhonePOS™ allows millions of small merchants to accept card and mobile payments quickly and securely. Since mid-April, German savings banks have been offering SparkassenPOS to small merchants (e.g., taxi drivers, vegetable vendors, bakeries, cosmetic service providers, bars, restaurants, etc.), with Rubean’s software being the core component.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector for 20 years. The company is growing with the development and marketing of the innovative mobile point-of-sale terminal solution, PhonePOS, which Rubean has developed in collaboration with partner CCV. Since April 2020, Rubean has been listed on the m:access premium segment of the Munich Stock Exchange under the abbreviation R1B. Recently, Rubean’s shares have also been traded on Tradegate, Quotrix, and the Düsseldorf Stock Exchange, in addition to Munich, Frankfurt, and Berlin.
