April 16, 2013

American association to launch industry evaluation of QR bill payment guidelines

HERNDON – The Electronic Payments Association’s Council for Electronic Billing and Payment (CEBP), will launch an industry evaluation of the QR Encoding for Consumer Bill Payment Guidelines (the Guidelines), which were released to the public in December 2012. The industry evaluation, which serves as a second phase in the overall evaluation of the Guidelines, seeks to verify their specifications and usage in various billing and payment models; determine the effectiveness in reducing bill payment exceptions; finalize implementation requirements and considerations; and address market challenges and opportunities.

The QR Encoding for Consumer Bill Pay Guidelines, developed in collaboration with CEBP members and with input from the industry, identify an open standard for using QR codes in various billing and payment models. The goal of the Guidelines is to establish a single QR code format that can reach consumers wherever they view and pay bills – at a financial institution or other aggregation point, or directly with the biller. 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.

 

 

 

 

 

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