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.
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.
EMVCo 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.