EMVCo, the global technical body that manages the EMVÂ® Specifications, has created a QR Payment Mark to promote global interoperability across EMV QR Code payments. EMVCo has developedreproduction requirements and a free licensing structure to enable all implementers of EMV QR Code solutions to use the mark.
QR Codes are two-dimensional machine-readable barcodes, increasingly used to facilitate mobile payments at the point-of-sale. In 2017, EMVCo published the EMVÂ® QR Code Specifications to addresstwoprevalent QR Code payment use-cases:
â€¢ Consumer-presented â€“ the consumer displays the QR Code on their mobile device and the merchant uses an optical scanner to read the code.
â€¢ Merchant-presented â€“ the merchant displays the QR Code and the consumer uses their mobile device to scan the code.
The QR Payment Mark may be used to inform consumers that a merchant accepts EMV QR Code payment solutions. Supplemental messaging to consumers will confirm whether merchant-presentedtransactions, consumer-presentedtransactions, or both, are supported.
The QR Payment Mark may also be used as an application indicator on a consumer mobile device when initiating a consumer-presented transaction. A royalty-free trademark license agreement and reproduction requirements areavailable inEMVCoâ€™s Trademark Centre.
â€œAs momentum builds for leveraging emerging technologies, EMVCo is committed to facilitating worldwide acceptance and interoperabilityforEMV QR Code payments,â€ comments Jack Pan, EMVCo Executive Committee Chair. â€œThe 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.â€
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