Rubean AG: RUBEAN software receives approval from Mastercard

18. Dezember 2019 – München: The German fintech company RUBEAN AG (ISIN: DE0005120802, WKN: 512080), Munich, has received pilot approval for the payment acceptance solution “Phone-POS” from the card organization Mastercard (WKN: A0F602, ISIN: US57636Q1040). This means that retailers can now pilot contactless card payments on their smartphone or tablet without any additional hardware and only need to download the PhonePOS app beforehand. Rubean developed the PhonePOS solution together with its partner CCV and protected it with patent-pending security software.

"For us, this approval is a milestone in our corporate development," says Rubean board member Dr. Hermann Geupel. “After a long development period, we have now the confirmation that the security and monitoring software we have developed meets the high requirements for a smartphone-based card terminal. CCV’s acCEPT Paas (Payment-as-a-Service) ecosystem is the optimal solution for such a tap-on-phone system, because it outsources most of the POS terminal functionality to the cloud and thus enables lean apps and greater security and flexibility. We expect very high demand, especially from smaller dealers and traders. After completion of the pilot project planned for the first half of 2020, we will offer the payment solution together with our partner CCV on a broad basis in the German and European markets. "

About Rubean

RUBEAN AG has been an established software manufacturer in the financial sector for 20 years. The company offers software solutions for smooth communication with peripheral devices in bank branches in Germany and Switzerland. Rubean is now growing with the development of innovative solutions for mobile payment. These include the mobile point-of-sale terminal solution PhonePOS, which was created in cooperation with CCV, and the patented RubeanTag technology, which connects not only Android smartphones but also iPhones to contactless payment and customer loyalty programs. RUBEAN has been listed on the open market on the Munich Stock Exchange since 2016.