back Back

Phos becomes first solution provider globally to meet latest Visa requirements with SDK

By Joy Dumasia

July 20, 2022

  • Contactless Payments
  • Digital Payments
  • Europe
Share

Phos, the FinTech behind the software-only Point of Sale system (SoftPoS), has become the first solution provider to meet a new Visa requirement with its Software Development Kit (SDK). An SDK brings together a set of tools that enable developers to build and programme mobile applications for specific platforms. The news is a major coup for the UK-based FinTech as it becomes the first provider globally to meet the Visa Ready Tap to Phone Solution Requirements, version 1.8.

The approved phos SDK means that the FinTech’s partners and customers no longer need to submit their solutions to a PCI-certified lab for review. The Visa approval provides a multitude of cost and time-saving benefits across all industry segments, such as independent software vendors (ISVs), electronic point of sale (ePOS) vendors and acquirers who want to create a payment solution for their application.

The process to test every new integration or SDK in a PCI-approved security lab can take several weeks, or longer, before companies can go to market. In addition, partners reduce the high fees associated with testing new integrations in the labs. This is phos’ second version of its SDK, and the latest solution means partners don’t lose valuable time and money in their go-to-market strategy. The approval of its new SDK marks a new milestone as the FinTech further cements its position as the leading SoftPoS provider.

Brad Hyett, CEO of phos, said: “We are proud to have become the first solution provider to meet Visa’s requirements with our new SDK. This is a noteworthy achievement, and it allows us to deliver great products to our customers and partners. At phos, we’re constantly identifying ways to innovate and challenge ourselves and being recognised and approved by Visa for our efforts is rewarding and reassuring of the great work we do.

We have been working relentlessly on ensuring our technology is in line with the new expectations set out by Visa, along with other card schemes. I’m pleased with the way our team has achieved this, and we can’t wait to see several of our partners benefit from this soon.”

Phos is the provider of SoftPoS, and its new SDK will enable businesses to create their own SoftPoS app. The technology allows merchants to accept card payments directly on any NFC-enabled Android phone or mobile device without the need for additional hardware.

IBS Intelligence reported that Phos, the FinTech behind the leading software-only Point of Sale system (SoftPoS), has partnered with a fully integrated payment solution and infrastructure provider, Paynt, to launch a white label SoftPoS app for payment service resellers.

Previous Article

July 20, 2022

TabaPay announces a risk-free, true real-time account funding solution

Read More
Next Article

July 20, 2022

Universo and Mambu partner to bring financial services to Portugal

Read More






IBSi Daily News Analysis

Complaints Fraud

May 22, 2024

Contactless Payments

UK SMEs lack fraud protection, facing significant financial risks, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Nexi, orderbird launch new payment platform for ISVs in Germany

Read More

Today

Western Union, GraceKennedy & Lynk to expand remittance services in Jamaica

Read More

May 22, 2024

Sabre Hospitality and Uplift partner to offer flexible hotel payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023