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NACHA Helps to Standardize Mobile BillPay Technologies
January 25, 2013
As QR codes become increasingly popular means of facilitating payments, NACHA and their Council for Electronic Billing and Payment have developed a set of guidelines designed to standardize QR codes for bill pay purposes.
Standards-making bodies around the industry are making progress in fostering cooperation among industry participants as a means of moving mobile-based payment and services initiatives forward as well as addressing emerging technologies like chip-based cards. Organizations interested in working through testing the new formats discussed in this article can sign up to participate now through NACHA.
From NACHA's press release:
The goal of the guidelines 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. In this way, billers and service providers can enable QR encoding in a standardized format, providing certainty for biller and banking clients, and ensuring a consistent experience for consumers.
to read more from NACHA's press release.
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