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Guidelines Issued for Use of QR Codes in Consumer Bill Payments
Published on:
A USA based payments trade association has issued final guidelines for the use of Quick Response (QR) codes in consumer bill payments.
The guidelines, developed in collaboration with CEBP members and refined through industry input, describe the use of QR codes in a variety of bill payment functions such as viewing bills, making bill payments, enrolling for eBills and setting up payees in online banking.
Specifically, the QR Encoding for Consumer Bill Pay Guidelines identify voluntary standards for using QR codes in both biller direct and consolidator/aggregator billing and payment models. It contains recommendations regarding QR code size, data to be included in the QR code, and layout of the data represented in the QR code, among others. The goal of the guideines is to establish a single QR code format that can be printed on a paper bill and scanned by the consumer's mobile phone using a biller, mobile banking or generic QR code reader.
"With the help of the industry, the CEBP has been able to develop a clear, implementable standard for the use of QR codes in consumer bill payment," said Chris Huppert, Senior Vice President of Wells Fargo and chair of the CEBP. "It is our hope that these standards will help encourage QR code use for bill pay, and ultimately provide an easy option for check writers to view and pay bills electronically."
The CEBP intends to organize a test for early adopters in 2013 with billers, biller service providers, financial institutions, payment providers and others to help kick start use of the Guidelines.
On the web: CEBP's QR code resource page
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