EMV QR CODE

Much like the known “tap and pay” solution that is now being accepted by more and more retailers, the EMV QR code brings about another practical and simplified transaction solution. Once you have setup your own QR code payment solution, it enables your customers to pay by scanning the code present at the point of sale. Compatible with web shopping, it is composed of 2 major steps for the consumer (scanning and authenticating for security purposes), putting it in the list of solutions that allow for swift and secure payments.

Antelop mobile SDK handles security, business logic, QR code generation and scanning, compatible both Android and iOS. Mobile device management and credentials provisioning are handled through Antelop cloud platform. This platform relies on a third-party account-holding institution or integrates to your processing system to debit/credit customers and merchants accounts. Based on tokenization to secure sensitive data transactions, it can either rely on an internal TSP or on schemes systems (e.g. for Masterpass QR or mVisa). The whole service is API-driven and enables custom implementations including for Point of Sale integration.

Merchant presented QR code
 

Merchant presented QR Code

Static QR code

The static QR code is delivered to the merchant, printed and displayed at the Point of Sale. The Customer then scans the code and enters the transaction amount. The customer proceeds to authentication on his smartphone to finalize the payment. Final step, the retailer is notified of the transaction amount.

Dynamic QR Code

The retailer enters the amount and displays a dynamic QR code on a screen. The customer opens the app and scans the merchant’s code. Similar to the static option, the customer is required to authenticate. Finally, the retailer receives the payment confirmation and the transaction is complete.

Customer presented QR Code
 

Customer presented QR Code

The customer enters amount and proceeds to authentication on his device which then displays a dynamic QR code. The merchant then scans the QR code using a barcode scanner or an application. The transaction is now authorized and the customer is notified.