EMVCo publishes new QR code standard for mobile payments

qr code standard mobile payments

The payment standards body released a new publication to provide technical specs for the use of quick response codes. EMVCo recently published the “EMVCo QR Code Specification for Payment Systems: Consumer-Presented Mode” as a QR code standard ahead of moving toward their use. The publication provides a definition of the way quick response codes function as a single-direction communication between a mobile app and the point of interaction. This represents the first official step forward for EMVCo when it comes to QR codes. EMVCo is a payments standards body. It…

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QR codes payment model for consumers may stem from billing program

QR codes mobile billing

NACHA is now looking into the proposal for this type of scheme that was first released in December. As the industry looks into the best way to use QR codes as a part of billing models and programs, the electronic payments organization from the United States, NACHA, is now investigating the proposal that was released in December 2012 that is meant to provide billers with the guidelines they need. These guidelines would help quick response barcodes to be used in a more standard fashion for billing. The proposal is entitled…

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