Publication of inside information pursuant to Art. 17 of Regulation (EU) No 596/2014

RUBEAN's PhonePOS(TM) receives certification according to PCI standard

- Payment Card Industry enables global market entry of PhonePOS(TM)

- Certification in accordance with CPoC(TM)

- Great interest from banks and payment service providers from North and South America, Europe, and Asia can now be turned into orders

Munich, 10 May 2021: Fintech company RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B:GR) received the Payment Card Industry Security Standard Council's (PCI SSC) mass market certification for its PhonePOS(TM) software solution. The certification is valid worldwide and for all payment cards. This means that RUBEAN can immediately offer its software quantitatively and geographically unlimited and respond to the interest expressed by banks and payment service providers in the Americas, Europe, and Asia. This opens up even greater opportunities for growth for RUBEAN than before. In Germany the Savingsbanks have launched PhonePOS just recently on the market.

PCI SSC is a global forum for the ongoing development, improvement, storage, dissemination and implementation of security standards for the protection of account data. The PCI SSC is led by an Executive Committee comprised of representatives from American Express, Discover, JCB International, Mastercard, UnionPay, and Visa Inc. Specifically, RUBEAN has received industry-wide certification in accordance with Contactless Payments on COTS (CPoC(TM)). COTS (Commercial off-the-shelf devices) stand for smartphones and tablets that now can be used for receiving contactless card payments without any additional device.

The RUBEAN software comprises a mobile app that turns Android-powered smartphones into point-of-sale payment terminals without the need for additional hardware. PhonePOS(TM) enables millions of smaller merchants to quickly and easily accept card and mobile payments with confidence. Since mid-April, the German Sparkassen have been offering small merchants (e.g. taxi drivers, greengrocers, bakeries, cosmetics counter service providers, bars, restaurants, etc.) the S-POS app, whose centerpiece is the RUBEAN software.

The Board

About RUBEAN

RUBEAN AG has been an established software producer in the financial sector for 20 years. The company 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. Recently, RUBEAN's shares have also been traded on Tradegate, Quotrix and the Düsseldorf Stock Exchange in addition to Munich, Frankfurt/M. and Berlin.
 

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