- The "Sparkasse POS" (S-POS) app now allows PIN entry for higher payments
- Rubean expects increasing revenues
Munich, April 4, 2022: The German Sparkassen-Finanzgruppe has launched an enhanced payment acceptance solution in the market, based on the development of fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080). The new “Sparkasse POS” (S-POS) enables the processing of higher payment amounts above €50.00 on a wide range of Android devices. The customer of a merchant using S-POS enters their card PIN into a smartphone or other Android device of the merchant when making a payment. Previously, the PIN function was not available, and when using the S-POS app, it was only possible to accept payments up to a maximum of €50 per transaction.
“The charm of the purely software-based payment terminal app called S-POS lies in its quick and convenient setup through the Google Play Store and its easy handling on various Android devices, such as Samsung phones,” says Rubean board member Dr. Hermann Geupel. Due to the increased usability, Rubean expects growing adoption, especially among smaller merchants, significantly increasing transaction volumes, and thus also growing revenues for Rubean itself.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector with 20 years of experience. The company is now growing with the development of innovative solutions for mobile payments. This includes the mobile point-of-sale terminal solution PhonePOS, which was developed in collaboration with CCV. Rubean is listed on the m:access of the Munich Stock Exchange, as well as on the Frankfurt, Berlin, and Düsseldorf exchanges, and on Tradegate and Quotrix.
