Phos: Adds PIN entry to softPOS package
- Phos turns merchant’s smartphone into a POS terminal securely accepting payments from contactless cards or NFC enabled phones
- Introduced PIN to its mobile payment solution for merchants around the world
- The new mobile solution enables merchants to accept PIN secure ‘tap to pay’ transactions
- PIN is only required for transactions above contactless limits, not made using a digital wallet
- This eliminates the need for costly physical terminals such as card readers or PIN-entry devices for merchants
- The software-only solution is available to merchants as part of a pilot scheme and has been certified by both Mastercard
