skip to main content

Phos Launches Tap to Pay Solution in the US With Elavon

Fintech Finance News

Phos, the global leader in software point of sale (softpos) orchestration for businesses, has launched a Tap to Pay solution in North America with global acquirer Elavon.

The solution will enable Independent Sales Organisations (ISOs) and Independent Software Vendors (ISVs) in the US and Canada to turn mobile devices into contactless payment terminals.

The deal marks the first of many acquiring partnerships being targeted by the fintech, as phos eyes expansion in the North America market. The size of the opportunity is clear, with a total of 64 million merchants in the US alone that do not currently accept card payments.

This reliance on legacy technology and a lack of affordable alternatives greatly reduces the payment options for customers and minimises potential revenue for businesses in the region.

In bringing Tap to Pay to the market, ISOs in North America can now use phos’ leading software-only POS solution to accept card payments directly on any NFC-enabled smartphone or tablet, in a secure and contactless way.