Financial technology company IPOSUP has rolled out a new contactless card payment device and soft point of sale (POS) for small merchants.

The new offerings are ‘IPOS bric’ – a free card reader and instant settlement feature – and ‘IPOS soft’ for contactless payment acceptance, on its IPOS WALLET mobile app.

IPOS bric device serves as a “PIN on Glass” standalone mobile payment solution, which allows cardholders to end their PIN on a merchant’s Android smartphone.

IPOS soft enables integration of a merchant’s NFC-enabled Android device with an NFC contactless reader.

This removes the need for an external POS machine.

IPOSUP’s new payment solutions are useful for traders, delivery services, and hospitality pay-at-table services.

IPOSUP charges 1.3% per card transaction for all debit and credit cards, as well as for payments through Apple Pay and Google Pay wallets.

The transactions carried out through IPOSUP’s solutions are PSD2-compliant and adopts whitebox technologies to protect the cardholder data.

IPOSUP CEO Patni said: “We are here to empower the world to accept card payments, no matter how unique or mobile your micro-business is.

“This new generation of IPOS bric and soft mobile POS card terminals is yet another step on our mission to becoming the UK and Europe’s first globally-accepted payment provider.”