QR Code Payments

QR Codes

2D barcode are square bar codes. QR codes have been in use since 1994.[50] Originally used to track products in warehouses, QR codes were designed to replace traditional (1D bar codes). Traditional bar codes just represent numbers, which can be looked up in a database and translated into something meaningful. QR, or “Quick Response” bar codes were designed to contain the meaningful info right in the bar code.

QR Codes can be of two main categories:[51][citation needed]

The QR Code is presented on the mobile device of the person paying and scanned by a POS or another mobile device of the payee

The QR Code is presented by the payee, in a static or one time generated fashion and it is scanned by the person executing the payment

Mobile self-checkout allows for one to scan a QR code or barcode of a product inside a brick-and-mortar establishment in order to purchase the product on the spot. This theoretically eliminates or reduces the incidence of long checkout lines, even at self-checkout kiosks.

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