PHOS AND THRIVE PAYMENTS TO BRING TAP-TO-PHONE TECH TO THE US MARKET
Phos , a global leader in Software Point-of-Sale ( SoftPoS ) orchestration for businesses , has partnered with Thrive Payments to deploy its Tap-to-Phone solution in the US .
The deal will enable the payment gateway ’ s merchant customers to accept card payments directly on any NFCenabled smartphone or tablet , in-store or on the go . This means they can greatly , and rapidly , expand their number of payment acceptance points , without the need to invest in costly additional hardware .
Phos ’ ‘ Tap-to-Phone ’ solution uses state-of-the-art technology for secure transactions through a mobile device . The user-friendly design allows for the quick , easy and contactless processing of payments , bringing added convenience to businesses and consumers alike .
Over half of American adults now regularly use at least one form of contactless payment , according to a recent survey . This change in consumer behaviours is prompting merchants to review their payment processing capabilities in response .
In bringing a Tap-to-Phone solution to market , Thrive Payments becomes one of the early adopters of the technology in the US . The merchant services provider is committed to providing its business customers with solutions that expand their payment acceptance offerings and aid in maximising their success .
Now that the partnership is in place , Thrive Payments and Phos will begin the process of deploying the Tap-to-Phone solution and making it available to its merchant customers across the country .
Brad Hyett , CEO of Phos , said : “ Thrive Payments is at the heart of merchant processing in the US . They harness innovative hardware and software solutions to deliver the best payment experience possible for customers . Our partnership is a significant step forward in our shared mission to bring secure , contactless payments on mobile to businesses across North America and Latin America . It will allow us to reach more US merchants than ever before and collectively drive the adoption of Tap-to-Phone technology on a truly global scale .”
“ We have seen first-hand the growing demand for Tap-to-Pay solutions in recent years and Phos has firmly established itself as a leader in this space ,” added Theodore Keith , Jr , President & CEO at Thrive Payments . “ With contactless card payments becoming more common in the US , we ’ re excited to see this timely partnership come to fruition , as we bring a robust and secure mobile card acceptance solution to our merchants .”
Phos currently has 19 certified acquirer connections , as FinTech continues to expand globally . It plans to increase this number exponentially to satisfy the needs of Tier 1 providers and requirements across international markets . Additional acquiring certifications are currently in progress and will be announced this year .
Its latest partnership with Thrive Payments comes amid growing market interest in SoftPoS and Tap-to-Pay technology , with Apple now in the process of enabling third-party SoftPoS providers to deploy their technology on iPhone devices . �
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