SoftPOS enables Samsung mobile devices to be
used for contactless transactions of any amount with no additional
equipment
First Data, now part of Fiserv, a leading global provider of
payments and financial services technology solutions, together with
Visa, a global leader in digital payments, and Samsung Electronics,
will showcase the company’s new Software Point of Sale (SoftPOS)
solution during IFA 2019. IFA is Europe’s largest technology fair
and the leading showcase for the global technology industry.
SoftPOS enables contactless payments of any amount via a
smartphone or tablet, in the same way a traditional payment
terminal functions but with no additional equipment. SoftPOS
enables this functionality on an everyday mobile device using
embedded near-field communication (NFC) functionality. The
merchant’s smartphone or tablet will accept contactless
transactions from existing contactless cards, NFC-enabled mobile
phones, or other NFC-enabled devices such as wearables and key
fobs. A SoftPOS pilot will take place in Poland by the end of 2019.
The pilot program will expand thereafter, initially in the EMEA and
APAC regions.
In addition to international cooperation in implementing SoftPOS
in the EMEA and APAC regions, each of the participating companies
contribute technology to make SoftPOS one of the most advanced
payment solutions in the world. Visa’s contactless capability
enables quick and secure contactless transactions. Fiserv ensures
swift and secure settlement of transactions via a simple and
intuitive mobile app, and Samsung Electronics, with Samsung Knox,
provides multi-layered security protocols in both hardware and
software, as well as providing a vast array of the most innovative
mobile devices.
“We are embracing a new era in payments - the mobility era. As
contactless payments grow in popularity it is important that
merchants are able to enable these payments on mobile devices.
SoftPOS has been designed to meet the current and future needs of
consumers and entrepreneurs and will change the way people make
daily payments, facilitating the convenient, quick, and secure
processing of contactless transactions,” said John Gibbons,
executive vice president and head of EMEA, Fiserv.
“This project could only launch in a country where contactless
payments are highly popular, and Poland is among global leaders in
this method of payment. Thanks to SoftPOS, a greater number of
domestic points of sale will be able to accept contactless
payments, providing consumers with quick, convenient, and secure
contactless payments with a card, smartphone, or watch. With this
technology we are able to rapidly expand access of card and digital
payments across Poland, even for the micro business owner who is
still in many places accepting only cash today,” said Katarzyna
Zubrzycka, Head of Merchant Sales & Acquirer, Central Eastern
Europe, Visa.
“With SoftPOS, we address our vision to become an innovator of
new mobile experiences, through advanced technology and products.
Today we enable access to a new solution that makes entrepreneurs’
lives much easier and more convenient. Thanks to the defense-grade
Samsung Knox Security Platform, customers can be sure that their
payments will be safe,” said HS Myung, VP, Samsung Electronics
Global Mobile B2B Team, Head of EU/CIS, North/Latin America, Global
Channel Sales.
The SoftPOS demo showcase will be located in Hall B, City Cube
101 at the Samsung Electronics booth.
IFA 2019 takes place at the Messe Berlin Exhibition Grounds from
06 - 11 September, presenting the latest products and innovations,
and offering a comprehensive overview of the international market.
It attracts international trade visitors from more than 100
countries. IFA is the main meeting place for key retailers, buyers,
and experts from the industry and the media.
About Fiserv:
First Data is now part of Fiserv.
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and
information in a way that moves the world. As a global leader in
payments and financial technology, the company helps clients
achieve best-in-class results through a commitment to innovation
and excellence in areas including account processing and digital
banking solutions; card issuer processing and network services;
payments; e-commerce; merchant acquiring and processing; and the
Clover™ cloud-based point-of-sale solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE® 500, and is among the
FORTUNE Magazine World’s Most Admired Companies®. Visit fiserv.com
and follow on social media for more information and the latest
company news.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with
transformative ideas and technologies. The company is redefining
the worlds of TVs, smartphones, wearable devices, tablets, digital
appliances, network systems, and memory, system LSI, foundry and
LED solutions. For the latest news, please visit the Samsung
Newsroom at http://news.samsung.com
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments.
Our mission is to connect the world through the most innovative,
reliable and secure payment network - enabling individuals,
businesses and economies to thrive. Our advanced global processing
network, VisaNet, provides secure and reliable payments around the
world, and is capable of handling more than 65,000 transaction
messages a second. The company’s relentless focus on innovation is
a catalyst for the rapid growth of connected commerce on any
device, and a driving force behind the dream of a cashless future
for everyone, everywhere. As the world moves from analog to
digital, Visa is applying our brand, products, people, network and
scale to reshape the future of commerce. For more information,
visit About Visa, https://usa.visa.com/visaeverywhere/blog.html and
@VisaNews.
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version on businesswire.com: https://www.businesswire.com/news/home/20190906005077/en/
Fiserv Ann Cave ann.cave@fiserv.com +1 678-325-9435 Olga
Małecka Marketing and Communications Manager, Poland +48 690 188
058 olga.malecka@firstdata.pl Samsung Electronics Co., Ltd.
Olaf Krynicki Spokesperson +48 600 088 747 o.krynicki@samsung.com
Visa Inc. Jarosław Soroczyński Grayling Poland
+48 601 090 747 jaroslaw.soroczynski@grayling.com
visa.pl@grayling.com
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