Venmo payment app diversifies with credit card QR code launch

Credit card QR code - Venmo Credit Card

The mobile payments company has taken its first steps into the plastic card business with mobile features. Payment app Venmo, owned by PayPal Holdings Inc., has launched its first physical payment option with a credit card QR code prominently displayed on the front. The option to apply for this payment method is being rolled out in a gradual way. The cards themselves, featuring the credit card QR code, are issued by Synchrony Financial. The first wave of availability is to US consumers, according to the company. Cardholders can opt for…

Read More

Square QR codes launch, allowing diners to order from their restaurant tables

Square QR codes - Square pay machine and a mobile phone

The system was developed to help provide restaurants with a new way to operate during the pandemic. Square QR codes are offering restaurants a new way to keep operating by making it possible for diners to peruse the menu, order the food they want, and pay without ever having to interact with a server. The barcodes themselves aren’t unique but combining them with the point of sale system makes a difference. The pandemic has caused many restaurants to use quick response barcodes to replace printed menus. This helps to reduce…

Read More

Will Apple Pay QR codes become an option for iPhone users?

Apple Pay QR codes - Person using Apple Pay

The tech giant is reportedly researching ways to integrate the barcodes into future mobile payments. Apple Pay QR codes don’t currently exist, as iPhone users must employ near field communication (NFC) technology to complete a mobile payment transaction. However, growing information suggests that the iPhone maker is looking into secure barcode scans. A growing body of evidence suggests that the company is looking into ways to make Apple Pay QR codes secure to scan to complete transactions. While using NFC based tap or contactless transactions at a retailer’s payment terminal…

Read More

Newly launched City Bank QR code simplifies mobile payments

City Bank QR code - Wallet with credit cards and QR code

The quick response code will bring together American Express, VISA, Mastercard and UnionPay in Bangladesh. The City Bank QR code is designed to be used in an interoperable mobile payment solution that can be used for VISA, Mastercard, American Express and UnionPay transactions The service is meant to help eliminate the need for separate barcode scans for each payment network. As a result, a merchant can display a single City Bank QR code at the front of a store for use regardless of the payment method the customer wants to…

Read More

Standardization of the Turkey QR code payment services ready

Turkey QR code payment services - Flag of Turkey

The central bank has officially regulated the use of the quick response codes for financial transactions. Turkey QR code payment services now officially have regulations for standardization across the country. These regulations were implemented by the Central Bank of the Republic of Turkey (CBRT). The regulation, generation and use of the barcodes fall under the TR QR Code in Payment Services guidance. The CBRT has put the Turkey QR code payment services regulation into effect as of August 21, 2020. As a result of this standardization, payments transacted using the…

Read More