NACHA’s Guidelines For Bill Payments Via QR Codes

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NACHA, the Electronic Payments Association, has just taken a step towards easing consumer payments via mobile devices. The Council for Electronic Billing and Payment, a subsection of NACHA, released its 'Quick Response Encoding for Consumer Bill Pay Guidelines, version 1.0,' in January. Margo H.K. Tank, Kate Aishton and Andrew Grant of BuckleySandler LLP, examine the guidelines and risks faced by consumers when using QR codes.

What are QR codes, and why are they important?

Like traditional bar codes, Quick Response (QR) codes are two dimensional graphic-printed images that contain data accessible by scanners. However, QR codes can hold more information and allow for greater error correction than traditional bar codes. These qualities make QR codes far more valuable for mobile applications, allowing scanning by a smartphone or other mobile device using a number of free, downloadable QR code readers. The QR code format is patented but available royalty free.

Originally Published in E-Finance & Payments Law & Policy - April 2013.

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