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Computop Enables the Smartphone as a Card Terminal with Computop PhonePOS


Jessica Mularczyk

Computop Enables the Smartphone as a Card Terminal with Computop PhonePOS

Bamberg, February 14, 2023 – Retail customers of the international payment service provider (PSP) Computop will now be able to use smartphones at the POS to accept contactless payments. With the new Computop PhonePOS solution, which will be debuted by Computop (Hall 6 booth E24) at the EuroShop trade fair in Dusseldorf (26 Feb-2 Mar), secure PIN entry will allow retailers to accept payments over £50 or 50 euros.


The use of commercially available mobile devices, also known as consumer-off-the-shelf-devices (COTS), provides an alternative to card terminals and also enables interaction with other app-based services. Communication between the device and the card takes place via the NFC reader and payment from smartphone to smartphone, for example, via ApplePay or Google Pay is also possible.


Software PIN for secure authentication

The PIN, if required, is entered via the screen of the merchant’s device, however this is only used to authenticate the card and is not stored on the device.


PhonePOS can be used with a large number of current Android smartphones and tablets. The required app is installed via the Google Playstore, and a terminal ID is also required, which is transferred by Computop during the onboarding process.


With the new system solution, Computop is targeting large companies from the retail and service sectors that want to make payment more flexible for their sales staff or delivery service. Small and medium-sized companies can also use PhonePOS via partners. For German retailers, or UK merchants selling in Germany, acceptance of the girocard takes place directly via Computop as an authorized network operator, while the processing of credit card payments is via many acceptance partners due to the acquirer-agnostic approach.


Stephan Kück, Managing Director of Computop, comments: "With PhonePOS, Computop is expanding its portfolio for payments at the POS with a very contemporary update. The full potential of card acceptance via smartphone will become fully apparent in the next few years, however PhonePOS opens up a completely new service and optimisation possibilities for retailers and service providers right now.“


About Computop

As one of the very first payment service providers, Computop offers its customers around the world local and innovative omnichannel solutions for payment processing and fraud prevention. The internally developed Computop Paygate payment platform enables seamless integrated payment processes for e-commerce, at POS and on mobile devices. Retailers and service providers have the flexibility and freedom to choose from over 350 payment methods enabling them to specifically tailor their payment options per country. Technologies such as biometric authentication and self-learning algorithms improve security and convenience for retailers and consumers alike.


Computop, a global player with its head office in Germany and locations in China, England and the USA, has been servicing large international companies in the service, retail, mobility, gaming and travel industries for more than 20 years. These companies include global brands such as Amway, C&A, Fossil, the entire Otto Group, Sixt, Swarovski and Wargaming. Computop also provides its payment system to banks and financial service providers as a white-label solution. In total, the certified carbon-neutral company processes commercial payment transactions with a combined value of USD 36 billion annually in 127 currencies. With its individual and secure solutions, Computop makes a major contribution to the future of international payment processing.