Russian Standard Bank and EMI Global Corp introduce a new method of payment acceptance

Russian Standard Bank together with EMI Global Corp has given its clients an opportunity to accept QR-code payments via FPS (Faster Payment System). In order to work with this type of payment, a merchant only needs to have a smartphone with the SoftPOS application.

SoftPOS is an ideal solution for accepting contactless payments via smartphone without using any third-party devices. The system allows you to use your mobile device instead of a cash register or Pos-terminal to accept bank cards and QR-codes.

A dynamic QR-code that can be generated for a specific purchase will be used to make a payment in SoftPOS application via FPS. The client, using his smartphone, scans the QR-code generated by the app, and the payment is made automatically in seconds.

Additional advantages of this method of payment are the low commission and your funds are transferred to your account instantly.

Recently, due to the growing demand for goods delivered by couriers, the relevance of this type of payment has grown considerably.

Russian Standard Bank

RSB is the leader in the acquiring market and takes 1st place by sales volume and 3rd place by sales turnover. The Bank is one of the top 10 Russian deposit market players. RSB was the first to launch an mPOS project based on the technology of a Russian developer using magstripe cards. The bank replaced outdated technology with the Chip&Pin card acceptance system by EMI Global Corp in 2014. The bank plans to distribute several thousand devices per year.

EMI Global Corp

EMI Global Corp is one of the leading software developers of innovative IT solutions for the banking and financial industries. EMI Global Corp’s portfolio includes more than 20 projects in more than 13 countries.