Today, the high cost of accepting credit card fees is a burden, especially for small businesses. Instant payments can reduce costs while allowing banks to keep interchange fees and consumers to maintain loyalty points, ensuring buy-in from all parties. Banks, after all, face credit risk and capital costs, justifying the interchange fee.
Matera Co-founder and CEO, Carlos Netto, discusses establishing a QR code standard in his latest American Banker Article. Read the full article on AmericanBanker.com here.