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August 21, 2020

IPOSUP introduces new contactless payment devices for micro-merchants

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

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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.”

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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