EMVCo moves promote global interoperability with QR codes

EMVCo, the global technical body that manages the EMV specifications, has created a QR Payment Mark to promote global interoperability across EMV QR-code payments, according to a press release. EMVCo has developed reproduction requirements and a free licensing structure to enable all implementers of EMV QR Code solutions to use the mark. The QR Payment Mark may be used to inform consumers that a merchant accepts EMV QR-code payment products, according to the release. Supplemental messaging to consumers will confirm whether merchant-presented transactions, consumer-presented transactions, or both, are supported.