Q: At a high level, what is EMVCo doing in this area?Ī: EMVCo commenced its QR Code payments activity in 2016.ĮMVCo has focused on creating QR Code payment specifications that provide convenience, security and reliability in line with other EMV Specifications. EMVCo is the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV Specifications and related testing processes.Īdoption of EMV Specifications and associated approval and certification processes promotes a unified international payments framework, supporting payment methods, technologies and acceptance environments.ĮMVCo is uniquely positioned to manage and evolve the global specifications for QR Code payments given its proven experience in defining and certifying secure payment methods. Given its early stage of deployment and growing adoption, now is the time to ensure the technology’s potential is not constrained in the future due to compatibility issues.Īn effective solution to ensure global interoperability for established payment methods has come through the development and implementation of global specifications. Q: Why is EMVCo focusing on QR Code payment?Ī: With the increasing deployment of QR Code payment methods, it is important that the payments ecosystem provides a consistent experience for merchants and consumers.
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