Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

FIME SUPPORTS DEVELOPMENT & ROLL-OUT OF FIRST ANDROID PAYMENT TERMINAL

FIME SUPPORTS DEVELOPMENT & ROLL-OUT OF FIRST ANDROID PAYMENT TERMINAL

Provides AEVI with consultancy, RF antenna design, EMV kernel development, compliance testing and project management

FIME today announces its successful collaboration with AEVI, a subsidiary of Wincor Nixdorf, to support the development and roll-out of the world’s first payment terminal product based on the Android operating system (OS). The tablet point of sale (POS) device, called ‘Albert’, gives merchants a complete solution to manage a range of business functions and accept a number of different forms of secure payments. The solution is already live and in use by the Commonwealth Bank of Australia, since 2015.

Albert offers a wide range of benefits to retailers across industries. Firstly, they can fully tailor their POS device by only running specific applications that are required for their business. Should their business evolve, they can access the dedicated app store to download additional apps, or develop new apps to answer a specific requirement. On top of this, the tablet device accepts all standard payment methods that are compliant with the Payment Card Industry (PCI) requirements: EMV chip and PIN, swipe and sign and near field communication (NFC) contactless payments.

“Albert is a significant milestone in the expansion of cashless payment acceptance,” comments Tomasz Kobylarz, Global Product Manager, at AEVI. “We set out to revolutionize the POS experience and needed a partner with experience across a range of disciplines to support us from the start of the project, right through to certification and launch. We have collectively succeeded in changing how retailers interact with their customers by offering a more powerful, open platform which can adapt to changing needs, and provide real-time analytics and business insights.”

FIME provided consultancy and project management services throughout the development and roll-out of the product. It supported AEVI during the radio frequency antenna design to enable contactless payments acceptance, and the EMV Level 1 payment terminal kernel development.

Amadis provided EMV Level 2 technology in addition to integration services using its Agnos EMV Level 2 EntryPoint Contactless Stack, which covers all major payment scheme kernels. For this project, Amadis also developed a specific Android API to bridge the EMV NFC card payment acceptance services with the Albert marketplace application environment.

Finally, FIME managed the compliance testing of the complete solution, using its qualified test tools, to ensure alignment with a range of international payments standards.

“Delivering a world first is always exciting and it was extremely satisfying to help bring Albert to life,” adds Mikael Berrebi, Vice President of EMEA at FIME. “Lots of companies and departments were involved, we needed to combine a great deal of functionality into one handheld device and something like this had never been done before on Android. Albert represents a pivotal point in POS development; the consumer interface just took a leap forward and we’re proud to have been on the front line.”

Some of Albert´s key features include: the options of e-mailing receipts and invoices, allowing customers to open accounts they can pay off later; recording and tracking daily, weekly and yearly payments; and collecting valuable business analytics and insights.

To find out more about how FIME can support your projects, contact your local office https://www.fime.com/contact-us/global-offices.html.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post