{"id":7256,"date":"2022-11-18T12:09:55","date_gmt":"2022-11-18T10:09:55","guid":{"rendered":"http:\/\/localhost\/salient\/?p=7256"},"modified":"2024-02-15T13:07:45","modified_gmt":"2024-02-15T11:07:45","slug":"contactless-payments-integrated-qr-code-solution","status":"publish","type":"post","link":"https:\/\/staging3.zealousys.com\/salient\/contactless-payments-integrated-qr-code-solution\/","title":{"rendered":"Contactless Integrated Payments QR Code Solutions"},"content":{"rendered":"[vc_row type=”full_width_content” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” class=”single-post-section” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]\n
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Thanks to Covid-19 virtual and contactless payments are increasingly the new norm and in the in-store retail space, exciting developments are on the horizon thanks to payments solution market leader, Ecentric Payment Systems.\u00a0 In the coming months, Ecentric will launch their in-house QR-code solution, designed to facilitate payment via QR acceptance at point-of-purchase.<\/p>\n<\/div>\n<\/div>\n

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Product Manager, Wesley Fetter, is leading Ecentric\u2019s conversation in this exciting space.\u00a0 According to Fetter, while the product has gained development momentum arising from post-Covid need for contactless payments, settlement via dynamic QR code is merely the next logical advancement in secure mobile settlements.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text][vc_column_text]\n

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Research by World Wide Worx confirms that pre-Covid, the South African online retail sector accounted for less than 2% of retail sales.\u00a0 Fast forward 18 months, ecommerce is set to stay, with double-digit growth year-on-year.\u00a0 With this exciting pace of development, trends today will be tomorrow\u2019s norm.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text][vc_column_text]\n

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Let\u2019s break it down<\/h4>\n<\/div>\n
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Fetter explains that Ecentric\u2019s QR code acceptance software will generate and display a dynamic, EMVCo-standard QR code on the POS keypad at the point of payment. Each QR code will be unique and will include the transaction value.\u00a0 The shopper desirous of contactless payment, in preference to presenting their bank card or tendering cash, has the option to scan the dynamic QR code with their smart phone and choose their preferred scan-to-pay payment method including but not limited to SnapScan, Zapper or their mobile banking app.\u00a0 Enabled by Ecentric\u2019s single integration OmniHub, settlement to the retailer occurs via OmniSwitch, delivering a contactless payment experience for the shopper.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text][vc_column_text]\n

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More about the Hub<\/h4>\n<\/div>\n
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The Ecentric OmniHub is a\u00a0single integration\u00a0platform that provides customers with access to\u00a0multiple\u00a0participating digital service providers and alternative payment types. \u00a0The OmniHub comprises OmniSwitch, OmniLedger and OmniPay (settlements, fees and commissions). The built-in OmniLedger includes:<\/div>\n