QR Code Payments
QR is a two-dimensional barcode containing contact information, website links, or payment information. Two-dimensional QR codes can be used for many purposes. Two-dimensional codes can guide customers to menus, provide access to websites, and open images. The QR code is scanned by the smartphone camera, which is easier and faster than manually entering information into the app. Two-dimensional codes are different from NFC codes, which are another way for smartphones to communicate with each other.
The QR code is presented in a barcode image containing information about the merchant and payment provider. This type of payment function is similar to a common POS terminal. The customer scans the QR code with his mobile phone and completes payment on the spot.
Every modern smartphone has a camera that can identify a QR code. Once the camera detects the QR code, a push notification will appear, taking them to a screen where they enter the payment details and complete the purchase.
Three Layers of Security
- 1. Debit/Credit card: Your customers' payments are made through card networks such as Visa or Mastercard to ensure safe and secure transactions.
- 2. Local Payment Methods: Using local payment methods, you can give customers the option to pay with their preferred payment method. Allowing them to use services that they trust and are familiar with means that they will feel that their payment experience is secure.
- 3. Tokenization: QR code payments are encrypted and tokenized, meaning that merchants cannot store any payment details. This additional security makes it very difficult for thieves to steal personal or customer information to become victims of fraud.
In the end, this greater convenience and security encourages purchases and ultimately drives your business forward. Interested in using our payment solutions to expand your business? Talk to one of our experts.
Features
Easier Solutions
You may have experienced a whole card reader experience as a commercial retailer - expensive hardware, monthly contract fees, and minimum deposits. However, with a QR code, setting up a payment solution is ten times easier and faster.
Versatility
QR code is one of the most common payment methods and is categorized as static and dynamic. Static QR codes are non-moving QR codes that can be printed on signage, menus, hotel rooms, marketing materials, and television screens for external purposes. The dynamic QR code is a one-time generated QR code that can be scanned and paid immediately.
Using static and dynamic QR codes, your customers can even complete payments without you being present, which helps speed up payments and serves more customers.
Speedy Payments
In the world of same-day delivery and self-check, customers no longer have the patience to wait for their items. A QR code payment can help you speed up the payment process, whether delivered online or in person, thereby increasing the number of customers you can serve.
Improved Security
When dealing with multiple payment systems, all of which have different compliance and regulations, it is often difficult to make sure everything is safe.
Our Products
Some of our best performing SaaS Products
iMPACT
iPath offers 'iMPACT' a multi-institution transaction processing middleware enabling a broad spectrum of payment ecosystem requirements in a single robust platform.
iCON
iCON offers a complete software solution to enable users to access all the bank's business functions from an ATM and POS. It includes promoting innovative services and transactions at the customer level and effectively managing and monitoring the entire banking system from a central point.
iNOVA
iNOVA offers a full-function Card Management System providing comprehensive processing capability with rich functionality, seamlessly integrating with core banking, mobile wallet, back-office operations, and support for 3rd party integrations.
iDRS
iDRS promotes fast and accurate case processing to reduce costs and improve user experience based on a structured and automated workflow. It provides an advanced user interface, excellent operational management, enhanced reporting, and better-integrated functions
Features & Solutions
Some of the Features, Services and Solutions that we offer
Contact Us
iPATH (Pvt) Ltd is an innovation factory that builds products using quick development cycles personalized to organizations’ strategic needs.
iPath Pvt. Ltd. 9th Floor,
Kawish Crown Plaza,
Main Shahrah-e-Faisal
Karachi Pakistan.
+92 21 111 767 911