FCB TAP

About FCB TAP

• Introduction:

In the modern era of digital transactions, the integration of mobile technology has brought about significant transformations in payment acceptance methodologies. FCB TAP, developed by First Capital Bank, epitomizes this evolution as a SoftPOS (Software Point of Sale) application. Leveraging the Near Field Communication (NFC) capabilities inherent in Android mobile devices, FCB TAP enables merchants to accept card payments securely and efficiently.

SoftPOS applications mark a paradigm shift in payment acceptance mechanisms. Unlike conventional hardware-based point-of-sale terminals, SoftPOS utilises smartphone computing power and connectivity to convert them into multifunctional payment acceptance devices. FCB TAP, developed by First Capital Bank, exemplifies this innovation by providing merchants with a cost-effective and seamless solution for card acceptance on NFC-enabled Android devices.

• Architecture:

FCB TAP boasts a scalable and robust architecture designed to facilitate secure and efficient card acceptance on NFC-enabled Android devices.

The application comprises several modules, each serving distinct functions within the payment processing workflow:

• User Interface Module: Provides an intuitive interface for merchants to initiate, authorise, and complete transactions. It encompasses features such as refunds, receipt generation and more.
• NFC Communication Module: Facilitates communication with chip cards, contactless payment cards via NFC technology. This module establishes a secure channel for data exchange during transactions.
• Payment Processing Module: Interfaces with the bank's payment processing infrastructure to authorise transactions, verify cardholder information, and settle funds. It seamlessly integrates with existing payment gateways and networks to ensure interoperability.
• Security Module: Implements robust encryption algorithms and security protocols to safeguard sensitive payment data. This module protects against unauthorized access, tampering, and interception of transaction information.

• Overview:

FCB TAP offers an array of features and capabilities tailored to meet the diverse needs of merchants:

• Card Acceptance: Merchants can accept payments from chip card, contactless payment cards, including credit, debit, and prepaid cards.
• Transaction Management: The application enables merchants to initiate, authorise, and process transactions in real-time. It provides options for voiding, refunding, and reconciling transactions, thereby enhancing operational efficiency.

• Security:

Security is paramount in the domain of payment acceptance, and FCB TAP incorporates stringent measures to safeguard sensitive data and mitigate potential threats:

• Data Encryption: FCB TAP employs end-to-end encryption to protect payment data during transmission, ensuring that cardholder information remains confidential and inaccessible to unauthorized entities.
• Secure Authentication: The application implements multi-factor authentication mechanisms, including biometric authentication and PIN-based authentication, to verify the identity of users and prevent unauthorized access.
• Device Security: FCB TAP leverages built-in security features of Android devices, such as Secure Element (SE) integration and Trusted Execution Environment (TEE) isolation, to safeguard sensitive operations and cryptographic keys.
• Compliance Standards: The application adheres to industry standards and regulatory requirements, including PCI DSS compliance. Regular security audits and vulnerability assessments ensure continuous adherence to best practices.