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QR vs. NFC

QR-NFC VS. QUICK RESPONSE CODE NEAR FIELD COMMUNICATION Which will reign supreme in the battle to replace your credit card? QR CODES (Quick Response Codes) code to unlock the user's payment Mobile payment system: mobile devices' cameras scan information and complete a transaction Stotal 20. QR codes can be displayed at registers in stores The process can be used on any device running Apple ios or Google's Android software otal Tale this surrey ONO QR can be displayed on phone and scanned by POS or other smartphone or tablet Codes can be printed |on restaurant bills Cash and credit cards never change hands NFC (Near Field Communication) Mobile payment system: enables radio connection from one device to another similar to Bluetooth technology Secure element for storing sensitive data that is separated from the rest of the system 80 2-way communication (real-time) between devices (payment and acceptance) Across a broader spectrum: devices must be within range of each other data transfers keyless door entry EMV compliance Ensures usability/accessibility for NFC mobile payments NFC and QR Code Usage NFC usage One study shows an expected growth of NFC usage by 38% between 2011 and 2016 In 2016, the NFC market expected to reach more than 10 billion dollars By 2015, more than a quarter of all mobile devices will be NFC-enabled Worldwide mobile phones with integrated NFC capability Worldwide mobile phone shipments 2.076 1971 1854 1718 1,557 545 26% 16% 21% 6% 2011 2012 2013 2014 2015 QR Code Usage Only 9% of US adults used a QR code in 2012 While QR code usage is increasing, the overall percentage of smartphone users leveraging this technology has dropped US Adult Mobile Barcode Users and Penetration, 2011-2014 2011 2012 2013 2014 Adult Mobile barcode users (millions) 21.2 26.3 32.4 38.5 % change 146.9% 24.4% 23.2% 18.7% % of adult smartphone users 25% 25% 26% 27% % of adult mobile phone users 10.1% 12.4% 15% 17.6% % of adult population 8.9% 11% 13.4% 15.7% Apple: Betting Against the Industry Apple is the only major player in the mobile device industry that does not offer any products with an NFC chip. This could be a big roadblock for merchant adoption of NFC Possible reason #1: NFC security Possible reason #2: Apple often waits Security issues come from traditional wireless network "Time and time again, Apple has lagged behind the vanguard of the industry in adopting the next big thing," Nikhil Bobb, former Apple file system engineer attacks Another possible security problem Users can generate their own near field tags. Some tags can be activated passively Possible reason #3: Cost During manufacturing of the iPhone 5. one NFC controller cost about $5/unit $5/unit would have added about $125m to Apple's costs Possible reason #4: QR QR is already integrated with Apple iOS Passport uses QR to organize membership cards, boarding passes, event tickets and much more Major Players Leveraging QR Codes/NFC in the Battle for your Mobile Payments O = Hardware Requirements ISIS General information National mobile commerce venture Merchants & Financial Institutions Backed by AT&T, T-Mobile and Verizon Software-based mobile wallet 1,000 participating merchants to date Isis is only active in Austin, TX & Salt Lake City, UT so numbers are small Organizes credit and debit cards, loyalty cards and special offers in one app Contactless payments through NFC Allows merchants to engage with customers via mobile ol NFC enabled terminals Will enhance merchant marketing programs Has been tested in Salt Lake City and Austin Plans to launch nationwide in 2013 PayPal General information Enables consumers to manage finances through mobile devices Merchants & Financial Institutions Allows for PayPal's "Bill Me Later" option to be used for mobile purchases Nearly 20 million PayPal Mobile users As of 2013: 23 national retailers accept PayPal payments in stores Current versions allow easy flexibility for in-store payments The "Shop" feature allows consumers to locate places where they can use their PayPal app For consumers: works on iPad, iPhone, Blackberry and any Android device For retailers: A free card reader and/or PayPal's Pay Here app can be used to process cards or checks | Google wallet General information Users can store credit and debit information on the app Merchants & Financial Institutions Payments are made through NFC technology Free and compatible with devices that are NFC enabled Any store that supports NFC payments Over 200,000 merchants in the US Cloud-based version supports credit and debit cards from Visa, MasterCard, AmEx and Discover Drive the right traffic to merchant's stores NFC enabled terminals Retain more customers Merchants are featured on Google's "Where it Works" map 4 Paydiant) General information Paydiant is the only mobile wallet and payment platform that works with existing payment tools: PIN debit, credit, signature debit, prepaid cards Merchants & Financial Institutions • Paydiant is currently working with leading issuers, networks, acquirers, retailers, banks and credit unions There are no third-party apps Free and compatible with all Apple and Android devices • In September 2012, Bank of America launched a test cycle with Paydiant Paydiant keeps payment card numbers and cardholder data securely stored in a certified data center • In August 2013, Pulse announced a partnership with Paydiant that will include all of its retail partners and financial institution participants Paydiant offers a more convenient way to pay Allows merchants to engage with customers mobily Options for loyalty, offers & discounts Ol QR codes at POS Users can use Paydiant to redeem offers at POS LevelUp General information Operates on the premise that mobile payments should be easy and free for merchants and consumers Merchants & Financial Institutions 2012: stopped charging merchants for payment processing Within a year of launch: LevelUp had over 3k merchants and 200k consumers using the product Consumers credit or debit cards are associated with a unique QR code Average users make 2-3 LevelUp purchases/week Strictly QR code based. Works for iPhone, Android and Blackberry Looking to the Future Estimates for 2017: 50% 1.5 billion US mobile consumers will spend $90 billion on mobile payments of smartphone users say they will use their mobile wallets for daily transactions smartphones will be used globally by 2016 Presented by Sources https://www.thelevelup com http://www.paydiant.com/about/paydiant-background html http://merchantwarehouse.com/the-mobile-payments-revolution-whitepaper http://datacardedge.com/articles/emv-vs-nfc-technology-setting-the-record-straight http://www.emarketer.com/newsroom/index pho/report-shows-adoption-ar-codes https://www.paypal-media.com/assets/pdf/fact sheet/PayPal_mobile fast facts pdf http://www.accenture .com/us-en/outlook/Pages/outlook-journal-2012-upward-mobility.aspx http://nfcme.com/near-field-communication-market-is-poised-to-grow-by-38-in-2016 http://news.cnet.com/8301-1035_3-5752614-94/bank-of-america-tests-ar-code-mobile-payment-service http://www.mainstreet.com/article/smart-spending/technology/why-apple-doesnt-support-nfc-payment-phone http://onlinebanking.banking-business-review.com/news/pulse-to-implement-paydiants-mobile-payment-platform-020813 http://news.cnet.com/8301-1035 3-57596211-94/mobile-payment-provider-isis-readies-national-rollout/ http://www.boston.com/business/innovation/blogs/inside-the-hive/2013/09/10/mobile-wallet-firm-paydiant-closes-round http://www.internetretailer.com/2013/0/14/paypal-says-23-retailers-accept-its-payments-inside-their-stores http://www.mobilecommercepress.com/paypal-makes-sweNDing-upos COCO t pments Merchant Warehouse N NOWSOURCING ce-app/858607

QR vs. NFC

shared by NowSourcing on Oct 21
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This infographic provides a deeper look into the difference between QR and NFC.

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