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April 27, 2021

Fiserv brings PayPal and Venmo QR Code payments to the point of sale

By Mohamed Dabo

Fiserv is rolling out new functionality to support in-demand digital payment options and expand touch-free payment capabilities via a new relationship with PayPal.

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  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
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Fiserv, a global provider of payments and financial services technology solutions, is launching the new features to enable businesses of all sizes across a range of industries.

Small and mid-sized businesses using Clover and large enterprises leveraging the Carat omnichannel commerce ecosystem from Fiserv will be able to accept payment via PayPal and Venmo through QR codes presented at the point of sale.

Consumers will be able to initiate payment by scanning the QR code with their PayPal or Venmo app, and will receive a digital receipt.

“Providing added convenience and choice as in-person shopping”

“With consumer preference shifting towards touch-free interactions, it’s critical that businesses are able to connect physical and digital commerce,” said Devin McGranahan, Head of Global Business Solutions at Fiserv.

“By enabling consumers to pay digitally via a QR code and popular digital wallets like PayPal and Venmo, businesses are providing added convenience and choice as in-person shopping, dining and entertainment experiences resume.”

Consumers have become comfortable with using a myriad of payment options in their daily lives and an increasing number want to use their preferred payment methods for purchases at the point of sale.

The Covid-19 pandemic has also raised awareness of and driven a demand for touch-free payment options.

While many merchants are eager to meet these demands, supporting multiple payment types can be a complex proposition, particularly given rapid changes in the payments space.

Connections between industry leaders, which can then streamline the delivery of capabilities to merchants through a single, easily managed platform, address this challenge.

Touch-free payment continues to gain ground

Touch-free payment capabilities will play a highly visible role as people and businesses get back to a new normal, including the return to sports and entertainment venues.

Fiserv will also enable PayPal and Venmo payments via QR code at venues throughout the United States.

The Phoenix Suns Arena, home of the NBA’s Phoenix Suns, will be among the first venues to enable the capability via Bypass point-of-sale software from Fiserv and Clover devices located throughout the arena.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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