Bulgaria-based POS system Phos has passed Visa ’s requirements with its Software Development Kit (SDK). An SDK brings together a set of tools that enable developers to build and programme mobile applications for specific platforms.

The news is a major coup for the Phos as it becomes the first provider globally to meet the Visa Ready Tap to Phone Solution Requirements, version 1. 8. The approved phos SDK means that the fintech’s partners and customers no longer need to submit their own solution to a PCI-certified lab for review.

The Visa approval provides a multitude of cost and time-saving benefits across all industry segments, such as independent software vendors (ISVs), electronic point of sale (ePOS) vendors, and acquirers who want to create a payment solution for their application. The process to test every new integration or SDK in a PCI-approved security lab can take several weeks, or longer, before companies can go to market. In addition, partners reduce the high fees associated with testing new integrations in the labs, as per the press release.

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