Picture this: Instead of waiting days or weeks to receive medical, utility and other bills in the mail, they are sent directly to your email via QR code. The QR code can be used with your bank’s mobile app, and after confirming payment details, your payment is processed and settled within seconds. In the near future, a streamlined experience like this could allow you to pay your bill instantly without waiting for a mailed invoice or manually entering payment information.
Matera, a leading provider of QR code and payment technologies, and its banking partner, Payfinia, recently demonstrated the first QR code payment sent over the FedNow® Service. We spoke with Carlos Netto, CEO and co-founder of Matera, to learn more about how these end-to-end mobile payments work, the benefits of QR codes and what’s next for instant QR code payments.
Read the full article to get details on this instant payment innovation.
