UniCredit picks First Data for QR code trial

Italian bank UniCredit, the largest in the country by assets, has opted for First Data to work on a trial run of a QR code-based mobile payments service.

Italian bank UniCredit, the largest in the country by assets, has opted for First Data to work on a trial run of a QR code-based mobile payments service.

The test of the system, which has already begun, uses First Data’s Mobile Gateway to generate and exchange QR codes between retailers and customers.

John Elkins, president, international regions, First Data, said: "UniCredit has recognised the opportunities that Universal Commerce offers and we are delighted to be working with it to make this a reality for its international customer base."

According to First Data the using QU codes cuts the risks associated with entering card details for payments and gives consumers and retailers the benefit of value-added service applications in the form of couponing, offers, ticketing and bill payments.

The QR code pilot is the first of several payment services that the pair have agreed to work on together in UniCredit’s markets around the world.

 

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