As payment technologies continue to advance and incorporate new technologies across the face-to-face and remote payment environments, global technical body, EMVCo is committed to evolving the EMV® Specifications to promote global interoperability and enhance security. In 2017, EMVCo, the global technical body that manages the EMV® Specifications, published the EMV® QR Code Specifications to address two prevalent QR Code payment use-cases:
- Consumer-presented – the consumer 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 consumer uses their mobile device to scan the code.
EMVCo has recently created a QR Payment Mark to promote global interoperability across EMV QR Code payments. Jinjia Zhou's presentation at Digital Commerce Asia Pacific will provide an update on EMVCo’s development of global interoperable specifications for QR code-based payments.