Corporate News
 

RUBEAN receives approval from Mastercard
 

- Milestone in Rubean's corporate development

- Smartphone becomes cash terminal for payment with credit cards

- Only one smartphone-app for accepting contactless payment

- High demand expected from smaller distributors and traders
 

Munich, 18. December 2019. The German Fintech enterprise RUBEAN AG (ISIN: DE0005120802, WKN: 512080), Munich, has received the pilot approval for the payment acceptance solution "PhonePOS" from Mastercard (WKN: A0F602 ISIN: US57636Q1040). This means that merchants can now accept contactless card payments on their smartphone or tablet on a pilot basis without any additional hardware - they only need to download the PhonePOS App before. The PhonePOS solution was developed by Rubean in cooperation with its partner CCV and is protected by patent-pending security software.

"This approval is a milestone in our corporate development", says Dr. Hermann Geupel, CEO of Rubean. "After a long development period, we now have the confirmation that our developed security and monitoring software meets the high requirements on a smartphone-based card terminal. CCV's acCEPT Paas (Payment-as-a-Service) ecosystem is the optimum solution for such new Tap-on-phone system as it outsources most parts of the POS functionality to the cloud, thereby enabling a lean App and increasing security and flexibility. We are expecting a very high demand, especially from smaller distributors and traders. After completion of the pilot trial (planned for the first half of 2020), we will offer the payment solution on a broad basis in the German and European market together with our partner CCV", Dr. Geupel continues.
 

About Rubean

Rubean AG has been an established software producer in the financial sector for 20 years. The enterprise offers software solutions for smooth communication with peripheral devices in bank branches in Germany and Austria. Meanwhile, Rubean is growing with the development of innovative solutions for mobile payment. These include the mobile point-of-sale terminal solution "PhonePOS", developed in cooperation with CCV, and the patented RubeanTag-technology, which connects iPhones to contactless payment and customer loyalty programs in addition to Android smartphones. Rubean has been listed on the Open Market of the Munich Stock Exchange since 2016.
 

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