SoftPOS Payment Solution
Modern SoftPOS for cashless payments, enabling online fiscalization for small businesses and enhancing VAT collection.
Executive Summary
The traceCORE SoftPOS Payment Solution transforms any NFC-enabled smartphone into a secure payment terminal, allowing small and microenterprises to accept cashless payments without the need for expensive, dedicated hardware. This innovative technology is designed to simplify payment processing while simultaneously addressing critical tax compliance requirements. By integrating seamlessly with national fiscal systems, the solution facilitates online fiscalization, ensuring that every transaction is transparently recorded and reported to tax authorities in real-time. This automation not only streamlines tax compliance for small businesses but also significantly enhances transaction transparency for governments, contributing to increased VAT collection and a reduction in the shadow economy.
Use Cases
- Enabling small retail stores and kiosks to accept cashless payments using a smartphone.
- Allowing street vendors, mobile service providers, and freelancers to process transactions on the go.
- Facilitating tax-compliant payments for micro-businesses in the informal sector to integrate into the formal economy.
- Integrating payment processing with online fiscalization systems for real-time tax reporting and VAT accrual.
- Reducing operational costs for small and micro-enterprises by eliminating the need for traditional POS terminals.
Features
Visibility
- Transaction History: View and manage all processed cashless transactions directly from the smartphone app.
- Fiscalization Status: Monitor the real-time fiscalization status of each transaction.
Support
- In-app Instructions: Provides guidance and training materials within the application for ease of use and setup.
Technical Specifications
- Architecture
- Cloud-based architecture with API integration for seamless connection to fiscal systems and sales applications.
- Deployment
- SaaS
- API Available
- Yes
Integrations
- Sales applications
- Accounting systems
- Tax Authority systems
- Customs Service systems
Security & Compliance
Encryption: Payment data is encrypted to ensure secure transactions and protect sensitive information.
Pricing
- Starting Price
- Contact sales
- Target Customer
- SMB,Micro-enterprise
About traceCORE
traceCORE is a digital transformation advisor and software solutions provider specializing in government services. They empower governments globally with expertise and digital tax solutions, including B2B E-Invoicing, SoftPOS Payment, and Digital Track and Trace systems, to enhance tax compliance and transparency.