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Suncorp uses QR code technology for mobile banking upgrade

24 June 2014 3:35PM
Just two weeks after Bendigo Bank announced that it would use a QR code reader in its new 'redy' smartphone payment application, Suncorp has launched an enhancement to its mobile banking app that also uses QR codes.Suncorp's new QuickShare feature allows Suncorp customers to pay each other. A payment request is sent via SMS and the message includes a QR code. The recipient scans the QR code and the payment details are loaded into their app.Customers need to be securely logged in to use the feature. Payments will be completed on the same day.Users of Bendigo Bank's new redy payment service open the app and scan the QR code displayed on the merchant's redy terminal. Funds are transferred, with loyalty credits (dubbed creds) automatically updated in the user's account.

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