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BofA testing out QR code payments

September 29, 2012

Customers around the country may soon be able to pay for items by scanning in barcodes with their smartphones.

Customers around the country may soon be able to pay for items by scanning in barcodes with their smartphones.

CNet reports that Bank of America has begun a pilot program created by Paydiant that gives Apple and Google smartphone users the chance to pay for items using quick response (QR) codes. Under the new system, users could be able to use their mobile devices on cash registers without ever having to reach into their wallets.

To test the system, BofA launched the service in five businesses in Charlotte, North Carolina, according to Reuters. The testing portion will take place over the next three months with hopes of addressing the needs of an evolving consumer.

Other companies have been announcing merchant services related changes. In one of the latest releases, Groupon rolled out a new mobile payment system that could have a major effect on business that use its online coupon service.

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