RUBEAN AG solution for new Sparkasse app

- Sparkassen-Finanzgruppe offers its corporate customers new app "Sparkasse POS" (S-POS)

- The own smartphone becomes a mobile reader for payment cards (girocard, Mastercard, VISA)

- Sparkasse POS is the first acceptance app in Germany for payments with the girocard and is powered by RUBEAN's PhonePOS(TM)

Munich, 16 April 2021: With immediate effect, the Sparkassen-Finanzgruppe is offering its corporate customers an app based on a joint solution for contactless payments from the FinTech company RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B:GR) and the payment provider CCV, Arnhem/Netherlands. With the app "Sparkasse POS" (S-POS), business people can accept card payments from their customers on a standard Android(TM) smartphone  ̶   without an additional card reader. The business customers' own smartphone thus becomes a mobile card reader.

The S-POS-app itself was developed and provided by S-Payment, the payment competence centre of the German Sparkassen-organisation, together with the full-service payment service provider PAYONE, a joint venture of Worldline and the DSV Group, as well as the partners Deutscher Sparkassenverlag (DSV) and bluesource - mobile solutions. The digital terminal integrated in the app is based on the "S-POS Plug-in" app developed by CCV and RUBEAN, which is also installed on the merchant's smartphone. Only the digital terminal enables contactless card payments on the S-POS app.

Sparkasse POS is the first acceptance app in the German market that also allows payments with the girocard, the most successful and popular payment method in this country. At the market launch, corporate customers of the savings banks can initially use it to collect amounts up to 50 euros without contact, both via classic plastic cards and via digital cards in payment apps such as "Mobiles Bezahlen" or Apple Pay. Customers can also make contactless payments on the S-POS app using the Maestro, Mastercard, V PAY and Visa card systems.

According to the Sparkasse, payment transactions are in a state of upheaval. Especially since the beginning of the Corona pandemic, many discounters and retail companies would rely on cashless payments for security and hygiene reasons. From now on, smaller market participants, for example weekly market bidders, craftsmen, strawberry or sunflower field operators, taxi entrepreneurs, kiosks, associations or farm shop owners, etc., could also offer their customers cashless payment without POS-systems or terminal infrastructure, and thus very cost-effectively.

According to a study "POS Systems 2020" by the EHI-Retail Institute, 77 percent of the retailers surveyed want to renew their hardware (completely or partially) in the next few years. A key topic in this context is the mobile checkout. 56 percent of the retailers surveyed planned to handle the checkout process on mobile devices in the future.

"The digital terminal will change our business life," Dr Hermann Geupel, CEO of RUBEAN AG, is certain. "The mobile app runs on almost all Android smartphones and allows business people to accept card payments anywhere, at the street stall, after a sanitary repair on site at the customer's, at the end of a sales talk in a department store. The ability to pay instantly saves everyone's time and could even create new business models."

About RUBEAN

RUBEAN AG is a software manufacturer in the financial sector that has been established for 20 years. Among other things, the company offers software solutions for smooth communication with peripheral devices in bank branches. Meanwhile, Rubean is growing with the development and marketing of the innovative, mobile point-of-sale terminal solution PhonePOS(TM). RUBEAN has been listed in the premium segment m:access of the Munich Stock Market with the symbol R1B since April 2020.

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