Smartphones Turn into a POS Terminal – PayCore

PayCore, providing innovative and end-to-end payment technology solutions to clients in more than 35 countries, has signed a collaboration agreement with Samsung Electronics and First Data Poland for the “SoftPOS” solution that enables NFC enabled smartphones and tablets to be used as POS terminals.

With PayCore’s SoftPOS solution, Samsung’s smartphones and tablets turn into mobile POS terminals in which contactless EMV transactions are accepted with only one application installed and without the need for any additional device. EMV-based contactless operations can be carried out on these new generation terminals using all currently used contactless plastic cards, mobile wallets and wearable technologies. PayCore will provide the software to enable EMV transactions on Samsung Mobile handsets using Samsung Knox, including multi-layered security protocols in both hardware and software and EMV-based payment infrastructures on the Android operating system, while First Data will provide fast and secure payment processing services for transaction acceptance.

To be launched in Poland 

The pilot program is expected to be launched in Poland in the second quarter of 2019 and expand thereafter in the EMEA region.

PayCore’s CEO Güney: We are proud to be a part of a revolutionary innovation

“The infrastructure we have developed with Samsung and First Data resulted in a revolutionary innovation enabling currently used smartphones and tablets to accept EMV-based contactless payment transactions. As one of the leading technology providers in digital payments, we are proud to be a part of this mobile innovation that is a game-changer in the market.” said Turgut Güney, CEO of PayCore.

“A partnership with First Data is a significant step to enable complete and secure mobile commerce. We believe that such a solution will revolutionize the market of cashless payments, lowering the barriers for implementation and improving ease of use” said Joseph Kim, President of Samsung Electronics.

Krzysztof Polończyk, Managing Director of First Data Poland commenting on the collaboration said, “Our innovative payment solutions drive market evolution for our clients and partners worldwide. We are confident that together with Samsung, we will offer a complete and intuitive solution for consumers and businesses to accept payments.”

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