Standards proposed for consumer bill pay through QR codes

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Standards proposed for consumer bill pay through QR codes

http://www.ababj.com/images/Tech_Topics/91812_qrcode.jpg

The Council for Electronic Billing and Payment, a part of NACHA-The Electronic Payments Association, has collaborated with members to develop recommendations on ways to approach consumer bill payment through Quick Response Codes, the scannable npatterns increasingly found on labels and elsewhere.

The CEBP, an industry group of service providers, users, and stakeholders, drafted proposed guidelines for using QR codes in a variety of bill payment scenarios, and is currently seeking input from the payments industry on these guidelines.

"There has been growing interest in applying QR technology to transaction applications like bill payment to provide consumers with the opportunity to view statements, enroll for eBills, make payments, and set up payees in online banking applications," says Eric Dunn, senior vice president, Strategic Payment Initiatives for Intuit, a member of the council.

Quick Response Encoding for Consumer Bill Pay Guidelines identifies proposed standards for using QR codes in both biller direct and consolidator/aggregator billing and payment models. It contains draft 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 guidelines will help establish a single QR code format that can reach consumers wherever they view and pay bills.

"To minimize complexity and to facilitate quicker market adoption of QR Codes, it is important to have clear industry standards for bill payment solution providers on how to use QR codes in a variety of bill payment scenarios," says Chris Huppert, chair of CEBP and senior vice president of Wells Fargo. "In this way, bill payment providers can enable QR encoding in a standardized format providing certainty for biller and banking clients, and ensuring a consistent experience for consumers."

https://www.nacha.org/node/1209

[This article was posted on September 18, 2012, on the website of ABA Banking Journal, www.ababj.com.]

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