Fintech phos had its proprietary Software Development Kit (SDK) officially approved by Visa
As the Fintech Times reported, Phos, the fintech behind the software-only Point of Sale system (SoftPoS), has become the first solution provider to meet new Visa requirements with its Software Development Kit (SDK).
SDK is a set of software tools and programs used by developers to create applications for specific platforms. Approval from Visa means a lot for the UK-based fintech which has become the first provider globally to meet the Visa Ready Tap to Phone Solution Requirements, version 1.8.
In particular, now phos’s partners and customers save time as they don’t need to submit their solutions to a PCI-certified lab for review. The review process can take several weeks, or even longer. Moreover, partners reduce the high fees associated with testing new integrations in the labs.
The approved version of SDK is the second attempt of the fintech. It will enable businesses to create their own SoftPoS apps. The technology allows accepting card payments directly on any NFC-enabled Android phone or mobile device, without additional hardware.