Posts Tagged ‘EMVCo’
Paytm Targets 1.5 Billion in Transaction Volume; QR Codes Proposed as Mandatory in India: News Roundup
PaymentFacilitator’sNews Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Read MoreAlipay Enables QR Interoperability – The New Global Buzzword
Digital wallet startup Alipay has partnered with six prominent mobile wallets across Europe to collaborate on QR. The goal? A unified QR code-based digital payment system targeting travelers in both Europe and China
Read MoreEMVCo Hits the Mark with Global Interoperability of EMV QR Code Payments
EMVCo, the global technical body that manages EMV specifications, aims to promote the global interoperability of EMV QR code payments with its proprietary QR payment mark.
Read MoreMerchant-Presented QR Codes, Explained
The use of QR codes in places such as China and India has made accepting payments easier for many small and micromerchants. And payment facilitators have a significant role to play in helping to expand electronic payment acceptance into emerging markets using QR codes.
Read MoreVisa Makes QR Code Onboarding Simple
Visa took its turn this week announcing support for the new QR code specification recently released by industry standards body EMVCo.
Its Visa Ready Program supports the new interoperable standards, making onboarding simpler for merchants who want to implement the mobile POS solution, the company said. The program provides tools that allow banks, processors and payment facilitators more easily deploy the solution for their merchants.
Read MoreQR Code Use Expanding with New Global Specification
In another sign that QR code payments are gaining ground globally, EMVCo has released its first QR code specification.
China’s payment network UnionPay, a member of EMVCo, led the working group that developed the specification, the company said in a press release, calling it “the first globally interoperable technical solution for QR code payment.”
Read More