EMVCo Publishes QR Code Specifications

EMVCo, the global technical body that manages the EMV Specifications, has publicly released two QR Code payment specifications that support merchant-presented QR Code and consumer-presented QR Code use cases.

The technical documents define QR Code payments in a manner that simplifies the development and potentially broadens the acceptance of QR Code payment solutions globally.

QR Codes are two-dimensional machine-readable barcodes, which are increasingly used to facilitate mobile payments at the point-of-sale. The EMV QR Code Specification for Payment Systems supports two differing QR Code payment use cases:

  • Consumer-presented – the customer displays the QR Code on their mobile device and the merchant uses an optical scanner to read the code.
  • Merchant-presented – the merchant displays the QR Code and the customer uses their mobile device to scan the code.

SteelEye Joins UnaVista Partner Programme

SteelEye announces that it has joined UnaVista’s Partner Programme. The partnership agreement with the London Stock Exchange Group’s (LSEG) UnaVista is an opportunity for the two businesses to provide a cohesive, end-to-end technology-based solution to help firms meet their regulatory obligations under MiFID II and other key regulatory directives.

Ingenico Extends Alipay Acceptance

Ingenico Group has signed an agreement with Alipay enabling Chinese tourists to pay with their favourite digital wallet in European stores.

Following their initial agreement in 2016 for online and in-store payments, Ingenico set up a turnkey solution for the in-store acceptance of Alipay wallets, China’s largest mobile wallet with over 520 million active users, on its POS, offering the growing number of Chinese travellers the same user experience at the checkout as they are used to at home.

Running on either Telium 2 or Telium Tetra terminals, the solution was designed to enable banks and acquirers to deploy this payment method easily across their network. It allows for automatic boarding and activation of merchants and provides transaction reconciliation as well as access to advanced customer data on a web portal.

Monese Debuts Contactless Payments with PrePay Solutions

Monese, provider of instant mobile current accounts, has today announced a significant collaboration with PrePay Solutions, Europe’s leading prepaid and digital banking services provider. Monese has been disrupting the traditional banking scene since its launch in 2015 by enabling customers to open current accounts in two minutes, and providing essential financial services to the estimated 138 million people in Europe that are unbanked and might find it hard to access the more rigid traditional banks.

Paysafecard Enters United Arab Emirates

Paysafecard enters the United Arab Emirates, offering a secure and fast prepaid payment solution that will not require bank or credit card details. The UAE continues to embrace technology innovation in line with its government’s ‘Smart Dubai’ initiative to transform Dubai into the world’s smartest city.

With Samsung, Apple and many other international technology companies taking advantage of the governments initiative and support, digital payment systems have become a key area of focus which made moving into the UAE a logical step for paysafecard.