- Rubean enables Girocard payment acceptance for amounts over 50 euros with PIN entry
- Especially smaller merchants and service providers benefit from the advantages
- The groundbreaking implementation has already received pilot approval from the German banking industry
- Volume market opens up for Rubean
Munich, November 29, 2022: With the technology of Rubean AG (ISIN: DE0005120802, WKN: 512080, R1B: GR), the German Sparkassen Financial Group has significantly expanded the functionality of its “S-POS” app: Merchants and service providers can now accept Girocard payments of any amount with PIN entry on their smartphones, without the need for additional acceptance hardware. This enables the Sparkassen Financial Group to take a giant step towards further tapping into the payment market, which is clearly dominated by the Girocard with a market share of over 65% in Germany. The payment function of the S-POS app was developed by Rubean in partnership with the CCV Group, Arnhem/Netherlands, and allows contactless acceptance both with traditional plastic cards and with digital cards in payment apps such as “Mobiles Bezahlen” or “Apple Pay”. Payments can also be made with the card systems Maestro, Mastercard, V PAY, and Visa.
Rubean is currently the only SoftPOS provider authorized for Girocard payments. With this move into a high-growth volume market, the company will further expand its market leadership in partnership with the Sparkassen.
“The payment industry is undergoing a transformation,” says Rubean board member Dr. Hermann Geupel, emphasizing: “Especially as a result of the Corona pandemic, many discounters and retailers will promote cashless payments for hygiene and security reasons.” Since last year, even smaller market participants – such as market vendors, craftsmen, fruit or flower field operators, taxi companies, kiosks, clubs, farm shop owners, etc. – can offer convenient and cost-effective cashless payments to their customers without cash registers or terminal infrastructure.
“The digital terminal will change our business life,” Geupel continues. “The mobile app runs on Android smartphones and selected tablets and allows card payments to be accepted anywhere, at a street market stall, after on-site plumbing repairs for a customer, or when delivering goods to the doorstep. The ability to pay immediately and easily saves time for all parties involved and could even create new business models. The ability to process payments directly at the end of a sales conversation in a department store is also in demand from major retailers in the electronics and cosmetics industries.”
About Rubean:
Rubean AG, headquartered in Munich, is a leading provider of pure software point-of-sale solutions for banks, acquirers, merchants, and service providers. In its nearly twenty-year history, Rubean has developed innovative solutions for the payment, finance, and banking industry. This includes the mobile point-of-sale terminal solution PhonePOS. Rubean is listed on the m:access and gettex market segments of the Munich Stock Exchange as well as on the open market in Frankfurt, Berlin, and Düsseldorf, and on Tradegate and Quotrix.
About CCV:
CCV is an international payment service provider that makes cashless payments easy and accessible for both large and small businesses. The range of services extends from convenient online payments to powerful solutions for stationary and unattended retail. As a pioneer in digital payments and with over 60 years of experience, CCV develops individual, tailored payment solutions for its more than 150,000 customers worldwide. Our success is based on innovation combined with long-term partnerships with our partners and customers.
