The Russian Standard bank and TSUM carried out the first payment by the dynamic QR code through PIN-pad

2019: Implementation of technical capability of purchase using SBP through PIN-pad

On December 9, 2019 the Bank announced Russian Standard implementation of technical capability of carrying out purchase using the System of Fast Payments (SFP) through PIN-pad in department store in the heart of the capital – TSUM.

Feature of service which using Bank Russian Standard was implemented by TSUM, that the dynamic QR code is for the first time displayed on the screen of the portable PIN-pad keyboard connected to the cash device of a merchant. The technology of payment is simple: having selected payment option "through SBP", it is only enough to scan the QR code through mobile application of the bank on phone and to confirm transaction. The payer bank also should support in the application payment by QR codes and to be a participant of SBP.

Difference of the dynamic QR code from static that for each purchase the new code forms. Money from the account of the buyer arrives into the account of legal entity within 15 seconds from the moment of confirmation of the transfer in Mobile bank.

Bank Russian Standard – this pioneer in the field of implementation of payments by the QR code through SBP in Russia which opened the whole range of financial opportunities with its help. He for the first time carried out c2b-transactions with the help of the static and dynamic QR code through SBP, biometric payment using the data obtained from a Single biometric system. The bank Russian Standard provided an opportunity using the QR code to pay purchases on the Internet, to list donations and to fill up broker accounts. A payment service through PIN-pad connected to the POS terminal – one more bright stage of history of the QR code in Russia which promises the market interesting continuation, tells the director of the department of acquiring of Bank Russian Standard Inna Yemelyanova