New Whitepaper Highlights the Role of QR Codes in Driving Instant Payments Adoption

Matera and Amazon Web Services explore how QR code technology can revolutionize instant payment processing in the U.S.

ATLANTA--(BUSINESS WIRE)--Matera, in collaboration with Amazon Web Services (AWS), today announced the release of its latest whitepaper titled “QR Codes & The Instant Payments Imperative.”

This free report delves into the power of QR codes in reshaping payment acceptance, empowering businesses to reduce costs, and enabling consumers to pay directly from their bank accounts. In the face of mounting pressure to modernize payment systems and cater to evolving consumer preferences, the whitepaper outlines how QR codes can serve as the missing link in making instant payments the predominant payment method in the U.S.

“QR codes represent an innovative yet accessible technology that can help businesses and financial institutions transition to instant payments, a solution that is faster, more efficient, and cost-effective for everyone,” said Carlos Netto, CEO of Matera. “By adopting QR code technology, we can help businesses reduce the number of payment types they manage, streamline operations, and ultimately lower costs—all while providing consumers with the seamless payment experiences they expect.”

Key takeaways from the whitepaper include:

• The Role of QR Codes in Payments: Learn how QR codes facilitate secure and seamless digital financial transactions.
• Shifting from “Pull” to “Push” Payments: Discover how this paradigm shift drives efficiency and reduces payment processing costs.
• Establishing Standards for Success: Understand the critical importance of uniform standards in scaling QR code adoption.
• The Importance of NFC Technology: Explore how NFC complements QR codes to create a unified, consumer-friendly payment ecosystem.

Instant payments have the potential to become the leading payment method in the U.S., but achieving this requires a critical component: payment QR codes. This whitepaper explores how QR codes can drive the U.S. market toward faster, more efficient, and cost-effective transactions.

To read the full whitepaper, click here to download a free copy.

About Matera

Matera is a trusted provider of technology solutions for financial institutions. With over 30 years of experience and a team of over 1,000 professionals, Matera has deep expertise in Core Banking, Instant Payments and QR Code Payments. Two of the top three global banks, three of the top 10 U.S. banks and one-third of all banks in Brazil trust Matera. Matera operates in both Brazil and North America. To learn more, visit: www.matera.com.