iTWire Thursday, 13 May 2021 10:46 Eftpos commissions subsidiary Beem It to build its national QR code
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Eftpos selects its subsidiary, Beem It, to build the company’s national QR code utility starting immediately.
The new QR code payments capability, which will be offered by Eftpos, is expected to be in market as early as July 2021, with multiple merchants in trial.
Eftpos CEO Stephen Benton says that following a global tender process, Eftpos chose Beem It to build the QR code utility because of “its previous experience with QR codes in the Australian market, the strength of its team, and its familiarity with the Eftpos network.”
By Kate Weber on May 13, 2021 12:14PM
Set for release this July.
eftpos has asked its subsidiary Beem It to build a national QR code-based payment service ready for release by July.
Work is expected to start immediately on the new capability, which will allow consumers to scan a QR code at the point-of-sale and pay with their choice of digital wallet.
Merchants will be issued a unique QR code to display to customers. They will also be able to connect consumers to various offers such as loyalty, offers and receipts.
The national rollout of the payment method is expected to be completed in 2022 and will be driven by eftpos.
Eftpos has revealed a major branding overhaul, marking the first time since the 1980s that the payments platform s logo has undergone a transformation. The network has ditched its traditional maroon shade for a lighter pinkish tone in a bid to modernise the national payments platform, which allows real time debit transactions to occur. Eftpos is looking to rebrand itself amid a digitising payments market and the rise of new transaction vehicles such as buy now, pay later. Eftpos is looking to rebrand itself amid a digitising payments markets. Picture: Supplied. Also revealing a new slogan good for Australia , eftpos chief executive Stephen Benton said the branding would be implemented across stores, cards and payment platforms.
By Justin Hendry on Mar 5, 2021 12:42PM
Ahead of connectID launch in June.
eftpos has applied to become the first non-government accredited operator of a digital identity exchange in Australia, as it prepares to set its connectID brokering solution live in June.
The Australian-made payments electronic payments provider revealed plans to accredit connectID under the trusted digital identity framework (TDIF) during a fintech inquiry hearing on Friday.
“I am pleased to let you know that yesterday we applied to the Digital Transformation Agency to become the first non-government accredited TDIF exchange in Australia,” CEO Stephen Benton said.
The TDIF is a series of policies and standards that underpin the government’s national federated identity model, including the accreditation of government agencies and private sector organisations.