Samsung and First Data turn the Smartphone into a Mobile Terminal
- Type: Success Stories
Samsung Electronics Poland and First Data Poland signed an agreement on the terms of which the companies will cooperate on designing and delivering a Software POS (“SPOS”), a solution that turns the smartphone into a payment terminal. The solution is expected to be introduced to the market in 2019.
SPOS will enable the use of Samsung smartphones to function as mobile payment terminals.
To achieve this functionality, partners will contribute key technologies: First Data as an acquirer will provide fast, secure and seamless transactions processing services and contribute an app design that will ensure simple and intuitive operation. In addition, based on the MOU between Samsung and Cardtek, Cardtek will provide software to enable EMV transactions on Samsung mobile handsets using Samsung Knox, including multi-layered security protocols in both hardware and software. First Data and Cardtek solutions will contribute to the safety of the application and processes on mobile devices.
The pilot program is expected to launch in Poland in Q2 2019, and expand thereafter in the EMEA region.
“A partnership with First Data is a significant step to enable complete and secure mobile commerce. We believe that such a solution will revolutionize the market of cashless payments, lowering the barriers for implementation and improving ease of use” said Joseph Kim, President of Samsung Electronics Poland.
“Our innovative payment solutions drive market evolution for our clients and partners worldwide. We are confident that together with Samsung, we will offer a complete and intuitive solution for consumers and businesses to accept payments” said Krzysztof Polończyk, Managing Director of First Data Poland.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 22,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest brands, to conduct commerce every day by securing and processing more than 3,000 transactions per second valued at and $2.4 trillion per year. For more information, please visit firstdata.pl | polcard.pl | https://www.linkedin.com/company/first-data-polska-s.a. or at www.Firstdata.com
Cardtek provides innovative end-to-end solutions in the field of financial payment technologies, including card payments, digital payments, smart city, EMV solutions and secure hardware services to more than 185+ customers in 35+ countries across the globe from its offices in Chicago, Toronto, Dubai, Warsaw and İstanbul since 2001.