EMVCo, the global technical body that manages the EMV specifications, has created a QR Payment Mark to support global interoperability across EMV QR Code payments.
The technical body stated that it has created reproduction requirements and a free licensing structure, which allow all implementers of EMV QR Code solutions to use the mark.
Go deeper with GlobalData
QR Codes are two-dimensional machine-readable barcodes which is being used more and more to facilitate mobile payments at the point-of-sale.
The latest QR Payment Mark can be used to inform consumers that a merchant accepts EMV QR Code payment solutions.
Supplemental messaging to consumers will validate whether merchant-presented transactions, consumer-presented transactions, or both, are supported.
On a consumer mobile device, the QR Payment Mark may also be used as an application indicator when starting a consumer-presented transaction.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEMVCo executive committee chair Jack Pan said: “As momentum builds for leveraging emerging technologies, EMVCo is committed to facilitating worldwide acceptance and interoperability for EMV QR Code payments.
“The development of a uniform, recognisable QR Payment Mark that can be used on a royalty-free basis is an important step towards providing a universally consistent experience for both merchants and consumers.”
EMVCo is a six member consortium comprising American Express, Discover, JCB, Mastercard, UnionPay and Visa.
