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CCV & RUBEAN's PhonePOS(TM) Partner Solution Receives Operating Permit from German Banking Industry

- For the first time, the German Banking Industry allows a Digital Terminal-without-PIN-Pad (TOPP) for piloting in the girocard system with PhonePOS(TM).

- PhonePOS(TM) successfully passes the security assessment and functional test of the German Banking Industry according to "Digital Terminal-without-PIN-Pad" (Digital TOPP)

- Digital terminal as an app for commercially available smartphones and tablets

Munich, January 15, 2021: For the first time, the German Banking Industry has allowed the piloting of a Digital Terminal-without-PIN-Pad (Digital TOPP) after successfully passing the security assessment and functional test of a PhonePOS(TM) payment terminal app. PhonePOS(TM) was developed by the fintech company RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B:GR) in collaboration with the payment provider CCV Group, Arnhem/Netherlands. The German Banking Industry is the representative body of the five leading banking associations and the governance authority of the leading card payment system in Germany, girocard.
The PhonePOS(TM) app brings the merchant-POS-terminal to commercially available Android smartphones and tablets and can now accept contactless girocard payments, too. The reading process takes place by tapping the customer's card against the back of the merchant's smartphone or tablet. Credit card payments have already been approved for pilot use by Mastercard and VISA since February 2020. The "digital TOPP terminal" is intended to win over smaller and mobile merchants in particular to accept card payments, who have shied away from purchasing a separate card terminal for reasons of cost or space.
"The digital terminal will change the way we do business," Dr. Hermann Geupel, CEO of RUBEAN AG, is certain. "The mobile app runs on almost all Android smartphones and tablets and allows business people to accept card payments anywhere, at the chestnut sales stand, after a plumbing repairs on-site at the customer's, at the end of a sales talk in a department store. The ability to pay instantly saves time and could even create new business models."
"The digital terminal - born out of our PhonePOS(TM) app - is of particular interest to us as a customer-focused payment provider. We support innovation, digitalization and security, all of which is 100% combined in this app. With RUBEAN as a partner for compliance with SmartPhone security aspects, we can present an all-round successful solution," Günther Froschermeier, CTO of CCV GmbH, describes the success components around CCV PhonePOS.
RUBEAN has already received orders from BBVA Group (NYSE: BBVA), Bilbao, Spain's second largest bank and one of the leading banks in Latin America and the USA for the market entry of PhonePOS(TM) in Spain, as well as from Global Payments Europe (GPE), Prague, a subsidiary of Global Payments Inc. (NYSE: GPN), a leading global payment service provider, to enter the market initially in Hungary. Overall, this provides RUBEAN with a broad foundation for significant revenue and profit growth in the coming years.

About RUBEAN

RUBEAN AG is an established software producer in the financial sector since 20 years. RUBEAN is growing with the development and marketing of the innovative mobile point-of-sale terminal solution PhonePOS, which RUBEAN developed together with partner CCV. RUBEAN has been listed in the premium segment m:access of the Munich Stock Exchange with the symbol R1B since April 2020.
 

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