Since Provision anticipates mobile solutions as the future of the payment experience, it has been mainly focused to develop solutions digitalization of an identity (access, transit, banking, etc.) using NFC.
SoftPOS is a software only mobile POS solution in compliance with global payment scheme specifications that uses NFC (near field communication) to turn compatible android devices into a POS terminal that can accept EMV contactless payments without using any other peripherals connected to device.
Currently it is allowed by global payment schemes (MasterCard and VISA) to accept contactless payment in pilot programs that is below CVM Limit without any PIN entry. Later on it is expected to be expand transaction acceptance above CVM Limit by PIN on glass and/or by any other technologies to specified by EMVCo. and global payment schemes.