Corporate News

German Fintech RUBEAN extends shareholder group

- CCV-owner family invests in Rubean

- Cooperation in Mobile Payment Acceptance sector

- Only one smartphone-app for Mobile Payment Acceptance
 

Munich, 9th December, 2019. The German Fintech enterprise RUBEAN AG (ISIN: DE0005120802, WKN: 512080), Munich, has extended its shareholder group. In the course of the recently fully drawn increase of capital of Rubean from 110,000 to 1.21 million shares the owner's family of the CCV Group BV, Arnheim (NL), has taken part. Therewith another important shareholder belongs to the shareholder group of the developer and manufacturer of finance software. CCV and Rubean are already cooperating to achieve the common goal of making the smartphone a usual payment terminal for retailers.

Contrary to other providers, the "PhonePOS" Payment-Acceptance-Solution developed by CCV and Rubean works without any further hardware extensions, which makes it especially attractive for small and mobile merchants, who consider common payment terminals as too expensive and cumbersome. For processing contactless (NFC) payments merchants only require a smartphone app which allows them to accept customer payments via credit- or debit cards. The security system developed by Rubean AG (applied for patent) protects conventional payment terminal software such strongly that it can operate on commercial-off-the-shelf (COTS) devices, like smartphones. Currently the PhonePOS solution reached the final stage of approval from the large card schemes Mastercard and Visa. A further partner of CCV and Rubean is a leading financial group, who is planning to deploy PhonePOS nationwide throughout Germany.
 

About Rubean

The Rubean AG has been an established software manufacturer in the finance sector for 20 years. The company provides software solutions for a smooth communication with peripheral devices in German and Swiss bank branches. Meanwhile, Rubean AG is growing with the development of innovative mobile payment solutions, including the mobile Point-of-Sale terminal solution "PhonePOS" which has been developed in cooperation with CCV, and further, the patented RubeanTag technology which is connecting iPhones to contactless payment- and customer loyalty programs besides Android smartphones. Rubean has been listed on the curb market (at Munich stock exchange) since 2016.
 

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