Payments News

The NFC Forum’s Latest Spec Is Aimed Squarely at QR Codes

Mar 05, 2019

Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart Inc. and Kohls Corp.

The NFC Forum, a Wakefield, Mass.-based standards body, released what it calls a “candidate” spec aimed at making mobile transactions even easier than with QR codes. The Money Transfer Candidate specification’s method would apply to both person-to-person and consumer-to-merchant transactions, and now awaits industry review and comment.

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