Scanners and Barcodes Used in Mobile Payment Schemes
In a shopping demonstration, a shop cashier used a barcode scanner that reads the barcode on the consumer’s phone screen then the consumer pressed a button on their mobile phone to confirm payment. This type of payment requires users to install a payment program on their smart phones that generates a barcode that contains the users Alipay account data on its screen. The store scanner then reads the barcode and relays it to the store’s computer system. Funds are transferred when the consumer verifies the payment.
Smart phones that uses Android, Symbian and Apple systems support the payment program, with around 80 banks supporting fund transfer using this type of payment solution with transactions only taking around 20 seconds.
A risk control systems is also applied with the payment scheme using a password. Any purchases above 200 yuan will require the consumer to type in their password. This risk control is used to facilitate shop owners that don’t have POS payment systems.