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.
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By GlobalDataIPOSUP 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.”