Ben Cade, CEO of Trustonic, says: “Using smartphones to make payments instead of your card is already widely adopted by consumers, and using the same devices as contactless mPOS terminals for merchants is one of the most exciting and disruptive trends in the payment technology space.
“Using a TUI secured by a hardware-based Trusted Execution Environment is widely regarded as best practice for app-based mPOS implementations and, by using TAP, this is exactly what developers can achieve. This is nuanced security delivering simpler, richer and faster user experiences. We are committed to supporting the development of CCV & Rubean’s hardware-protected PhonePOS solution and its rollout on some of the world’s largest smartphone brands.”
Hermann Geupel, CEO of Rubean AG, comments: “The top payment schemes have supported the concept of a “smartphone-only” payment terminal since 2017. In response to increasing demand from banks and merchants, Rubean & CCV plan to launch a smartphone-only payment terminal with card PIN entry functionality with multiple card networks and partners throughout Europe. Trustonic’s TAP toolkit provides us with the most advanced and secure user interface for enabling secure PIN entry on COTS smartphones.”
For more information about TAP, visit our Application Protection page. For more information about PhonePOS, visit the Rubean website. For more information about payment solutions, visit the CCV website.