Enable any device to accept payment Move all payment processing intelligence from terminal to Cloud for faster go to market, the cross-platform payment experience. Instant update of EMV kernel and EMV parameters without downloading to terminals. Traditionally, EMV Level 2 kernel application runs in the POS hardware. Fairbit solution changes traditional model such that EMV Level 2 kernel application runs on the cloud (EMVKernel-on-the-Cloud). This enables any device, whether it is a POS terminal, mobile phone, or a tablet to accept card-present EMV contact and contactless transactions. With EMVKernel-on-the-Cloud, the reader turns into a simple device only to manage user experience and card communication.