We have a transaction!
The team has been heads down on our most significant milestone to date: completing a successful live transaction at a real-life retail location. Without further delay, let’s go to the video:
This test has been replicated numerous times in a variety of settings and the prototype is performing reliably. This is a major step forward, which we hope demonstrates our continued progress. While there are still many significant steps ahead in order to deliver a finished product, there were more than a few loud cheers from the team when the point of sale machine beeped and spit out the receipt. In case you’re wondering, the first item purchased with Pagaré: a Slim Jim. It now hangs on the wall in our offices.
In addition to completing the infrastructure needed for a live transaction, we continue to work diligently on all of the milestones that we outlined previously.
Here’s a brief status report:
- OS Certification - The initial certification was missing a key piece of functionality that needed to be corrected which required a re-certification effort. This moved the certification completion to the end of October but the good news is that is just about here. This move didn’t impact our schedule since we were able to use the pre-certified versions for testing, which allowed us to continue to move forward.
- Firmware v1.0 - The current version of the firmware is working and can process transactions, as you saw in the video, but it is not at v1.0 for release. We continue to refine the edge and error cases to make it robust for general use. We are revising the schedule for a November release of v1.0.
- Prototype EV3 (including security changes – eSE chip) - The EV3 prototype was completed and is the version that the team has been using for field testing.
- Card Association Integration - As our field test shows, we have successfully integrated with a card association this month with others coming shortly.
- EMVCo Level 1 Certification (device functional testing) - We have moved the certification date to November, but based on our debug and field testing, we are confident that the prototype will pass with flying colors. This includes the new OS burned on the eSE chip and the NFC antenna modifications to make it EMVCo Level 1 Compliant .
- iOS (Standalone) Pagare App - We have made good progress on the iOS application this month, but some refinements are needed before it is release-ready and officially v1.0. These are minor changes that will be completed in November.
- Android (Standalone) Pagare App - The Andriod application is a bit behind the iOS version, but will also be ready in November.
We appreciate our Backers’ patience and understanding as we work through the challenge of delivering a groundbreaking product. In our next update, we will share our standalone mobile application, so you get a first look at the user experience.
Thank you for your continued support!
The FitPay Team