|By PR Newswire
|February 13, 2014 07:30 AM EST
LUXEMBOURG, February 13, 2014 /PRNewswire/ --
The first market-ready European mobile payment system with BLE / Showcased at Euroshop/ To be at the first retailer in the first half of 2014
"Everywhere Payment" that lives up to its name: Yapital is the first payment system in Europe to integrate BLE technology into its service portfolio, meaning that it can also be used offline. The communication with the point of sale in order to fulfill the payment is "powered by POSCard", a development of leading POS and EFT specialists POSPartner, a strategic partner of Yapital. Thanks to Bluetooth Low Energy (BLE), which creates a wireless connection between the smartphone and the point of sale, customers can make payments easily using their Yapital app even in places where there is no mobile network coverage - for example in shops located in basements or in some shopping centres. It is being demonstrated for the first time at the Euroshop trade fair in Düsseldorf from 16 - 20 February - and is about to be rolled out in retail stores.
BLE is set to become the new standard for near-field communication: the technology saves energy and, compared to NFC, enables data to be exchanged over a greater distance and in both directions. However, up to now, no payment provider in Europe has taken advantage of these benefits. Yapital is now starting along this road, employing this technology to enable its innovative cross-channel payment system to be used via smartphone in retail stores even without an Internet connection. Providing support for Yapital in its innovative use of this technology is POSPartner, a company that, like Yapital, has taken on a pioneering role when it comes to translating new technologies into customer benefits.
"With BLE technology soon to be integrated into our Yapital app, we are indisputable innovators in the payment market," says Nils Winkler, Chairman of the Board at Yapital. "Yapital is taking very seriously the claim of offering a true 'Everywhere Payment' system that works in all situations. This means that users will be able to pay just as easily and intuitively with Yapital when they are in a dead spot as they can with perfect network coverage," explains Winkler. "It was important for us that this should be easy to deploy for all our partners and that, for users, it operates in the same way as they are used to."
Peter Reich, CEO of POSPartner, adds: "It is now rapidly becoming clear that BLE is the future of near-field communication - especially in the payment market. Here, this technology will soon make an important contribution to the growing acceptance of mobile payment methods." The course is now set for this and according to Reich: "In conjunction with Yapital, we are giving retailers the opportunity to offer their customers an improved shopping experience even without network coverage and at the same time to reduce waiting times at the checkout. We expect a very good response because the huge potential is matched by the ease of integration into the POS system with POSCard."
Press release issued by
Yapital Financial AG
5 Rue Eugène Ruppert
About Yapital Financial AG
Yapital is the first European, cashless cross-channel payment solution operating across all channels: in-store, mobile, online and by invoice. Operation is easy, fast and secure: following online registration, the user can immediately make payments, send and receive money with Yapital, across all channels.
For business customers, Yapital is a guaranteed means of payment - this provides process security and reduces administrative costs. In addition, Yapital seamlessly covers all trade and service channels, thus enables marketing channels to be converted into sales channels. Business customers can therefore not only reduce costs with Yapital, but can also simultaneously open up new revenue potential.
Yapital was established in 2011 as a wholly owned subsidiary of the Otto Group. Yapital Financial AG is licensed in Luxembourg as an electronic money institution.
More information on Yapital:
Yapital Financial AG
See Yapital in action live at the Euroshop trade fair in Düsseldorf (16-20 February 2014), Hall 6, Stand E649.
About POSPartner Gesellschaft für Kassensysteme mbH:
POSPartner Gesellschaft für Kassensysteme mbH, based in Königswinter, has been established on the market since 1993. The owner-operated company has gained a reputation in various retail sectors and sales outlets with its innovative POS systems.
In addition to software products developed in-house, such as the card platform POSCard, POSPartner also acts as a sales partner/distributor for Toshiba Global Commerce TGCS (formerly IBM-RSS), RetailPro LLC (Folsom / USA), EDJ (Raleigh NC / USA) and for manufacturers of payment terminals. This enables them to offer retailers from different sectors a wide range of the latest state-of-the-art solutions at the point of sale and in their outlets which guarantee the high security of investment and productivity demanded today.
At the same time, POSPartner supports users with an extensive package of services targeted towards the typical requirements of retailers. In addition to the stages of consulting, planning, programming and rollout of hardware and software, clients are also supported after rollout with training, ongoing project support and by an effective end-user hotline.
The company's customers include well-known German and international retailers.
POSPartner Gesellschaft für Kassensysteme mbH
Tel.: +49-2244 /8801-10
SOURCE Yapital Financial AG
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