Bank of America is now testing out a mobile payment service that uses QR codes. Now iOS and Android smartphone users can scan QR codes to pay for their purchases.
Developed by Paydiant, the system makes use of QR code rather than near-field communication technology. This means that the user does not need any special chips or equipment other than their smartphones. This also ensures that even those using iPhones would be able to use the system for payments.
This seems to be an offshoot of Apple’s recent decision not to include NFC on its flagship iPhone 5. Without NFC capability, iPhones may not be used to pay on an NFC mobile payment system.
Bank of America’s payment system is fairly easy to use too, requiring the buyer to scan the QR codes. The QR codes bring up the user’s Bank of America account and pays for the purchases.
It is a lot easier for merchants too. Storeowners can display the QR code near the cash registers, while a restaurant owner can put up the codes on tabletops and just let their diners scan the code to pay for their food. What’s more, they do not have to buy an NFC terminal for to register the purchases.
The end of NFC for Bank of America?
Does this mean that Bank of America is abandoning NFC as a mobile payment technology? This seems contrary to how the rest of the world is going with Google and Isis using NFC with their mobile payment systems. A representative from Bank of America interviewed by Reuter declined to comment on the bank’s future plans with NFC. Nor were there any indications that the system would be open for those using Windows Phone and Blackberry smartphones.
The Bank of America trial will run for three months and currently only involves the bank’s employees.
More articles in this topic
Purite has recently put up QR codes on the packaging of their pre-treatment and deionizer replacement cartridges. These QR codes resolve to a video that shows customers how to replace the cartridges properly. Purite is a company that provides water purification systems to their customers. They use the latest technologies in making their products, so [...]Read more
By now, most people in developing and developed countries are using a smartphone. Considering the fact that the cost of smartphone these days have dropped to an all-time affordable level, there is really very few reasons NOT to own a smartphone. Anyway, how has this affected the world when it comes to QR Code usage? [...]Read more
QR codes are making the check-in process at Xiamen Gaoqi International Airport a little bit easier. For passengers who do not have to check in any baggage can check in by going to the Chinese language http://www.xmairport.com.cn/, the airport’s Web site. On the site, they will be required to submit their personal information. After that, [...]Read more
- A QR Code You Can Walk On
- USPS Continues Summer QR Code Discount Promo, Makes it “More Refined” This Time
- Make The Move Towards A Mobile-friendly Website
- Make Your Blog Stand Out: Blog Design Made Easy Part II
- QR Dog And More
- Hedge for the Future with Apps
- Davidson's Innovative QR Code Campaign For Florida's Real Estate
- Quickie Incorporates First Mobile-Enabled Seal of Approval into Packaging
- Calvin Klein's Uncensored QR Code Ad
- BMO’s 2d Barcodes On Ads
Google Android news and discussion.
Deliver latest top technology stories and breaking IT news
Near Field Communication (NFC) news, ideas, projects and technologies.
QR Code, Datamatrix and other two dimensional barcode news and analysis.
Tips, advices, how-to's and DIYs for the latest technologies.