Payment terminals are changing quickly.
Not so long ago, swiping or dipping your card was the only option. Then came ‘chip&PIN’, swiftly followed by contactless. Now, new and innovative companies are shaping the next generation of payments. And the data generated by these new ways to pay is underpinning the delivery of powerful new value-added services, which in turn is driving further adoption and consumer demand.
These new opportunities, however, are increasing competition and complexity. From a commercial perspective, payment terminal vendors, mPOS manufacturers and kernel developers must constantly work to manage costs, reduce development times and stay relevant.
Importantly, on a technical front, vendors must understand the complex and constantly changing world of payments. There’s a range of rapidly evolving certification processes and security threats, and new specifications and test plans which present product development challenges.
Staying up-to-date, understanding the impact of these challenges and reacting to them can be frustrating, time-consuming and expensive. But it is possible, even for the most ambitious projects.
Take Albert, the world’s first Android payment terminal, for example. This article will show how FIME helped AEVI to negotiate technical and commercial complexities to ensure the project was completed successfully and efficiently.
Developed by AEVI, Albert is the world’s first Android-based tablet point-of-sale (POS) device. It accepts all standard, PCI compliant payment methods and has its own application store. This means merchants can fully tailor Albert to their individual needs by downloading, or even developing their own apps.
Bringing Albert to life
Integrating such advanced functionality into one handheld device had never been done before and required the input of various organizations and departments. Many of the technical and logistical challenges were therefore unprecedented.
Consequently, much relied on the project management to transforming visions into realities. Predicting and mapping potential issues helped AEVI to identify the resources they needed and a clear time frame, whilst minimizing delays and unwanted surprises.
In parallel, more practical support was also required. For example, payments consultancy for the design of the radio frequency antenna was necessary to enable contactless payments acceptance, and to support the development of the payment terminal’s kernel. In addition, an Android specific API was developed to manage the mediation between the EMV®* NFC card payment acceptance services and the Albert marketplace application.
Finally, to ensure a seamless and successful product launch, compliance testing of the complete payments solution was performed against the requirements of a range of international payment specifications and standards.
With the inherent complexities associated with the project, AEVI has been clear in highlighting the value and importance of working with a trusted, expert partner to successfully navigate the path to implementation and market launch:
"Albert is a significant milestone in the expansion of cashless payment acceptance,” comments Tomasz Kobylarz, Global Product Manager, at AEVI. “We set out to revolutionize the POS experience and needed a partner with experience across a range of disciplines to support us from the start of the project, right through to certification and launch. We have collectively succeeded in changing how retailers interact with their customers by offering a more powerful, open platform which can adapt to changing needs, and provide real-time analytics and business insights.”
Taking your projects to the next level
When developing innovative terminal solutions, it is important to find the right partner to ensure security and interoperability, while minimizing costs and time to market for products and services.
So, what should payment terminal vendors, mPOS manufacturers and kernel developers look for when choosing a partner?
- Expert knowledge and extensive experience across the key technologies, such as EMV and NFC.
- A comprehensive set of testing tools and services with a wide range of key accreditations.
- Training sessions to provide the knowledge to ensure a quick, efficient and cost-effective path to market.
- Ability to provide in-house support to ensure projects are well-planned and smoothly executed from the very beginning.
- A worldwide presence to deliver local, on-the-ground support wherever it’s required.
Download our whitepaper to learn more about the world's first Android payment terminal
* EMV is a registered trademark in the U.S. and other countries, and is an unregistered trademark in other countries, owned by EMVCo.