Pay by Link / QR Codes
Pay by Link and QR Code payments enable businesses to request payment by sharing a link or scannable code, often via email, SMS or on-screen display. These methods support instant and remote payments across devices and can include dynamic QR codes linked to real-time payment APIs.
Applications
E-commerce:
Reduces fraud in online card payments by verifying the cardholder's identity
E-commerce:
Reduces fraud in online card payments by verifying the cardholder's identity
Advantages
- Enhanced security: Reduces unauthorised transactions by verifying that the genuine account holder is authorising the payment
- Enhanced security: Reduces unauthorised transactions by verifying that the genuine account holder is authorising the payment
Challenges
- User Experience: Additional authentication steps can cause friction and increase checkout abandonment
- User Experience: Additional authentication steps can cause friction and increase checkout abandonment
