Mobile Commerce

Suncorp Bank Pushed to QR Codes By Apple

Suncorp Bank has officially launched a new feature for its mobile banking app for iOS and Android phones—QuickShare. The add-on allows users to transmit account details through SMS or QR codes, allowing payments to both other Suncorp customers or patrons of the wider banking world.

The feature is also for real time payments between Suncorp customers, as the app can attach a QR code to a payment request, which the payee scans to have the transaction populate within their account to approve.

“The main reason we’ve used [QR codes] is purely because of the standardisation. With NFC, ourselves and like a lot of other banks have looked into it and it’s a very complex piece of technology, and ultimately still in its infancy, especially in terms of cross platform usage,” Simon Clarke explained to ZDNet “We were a bit hesitant to go too far down the NFC path because we wanted to have something that had a high reach and was simple to use. Building this particular feature into the app and all other features is all about simplicity and usability that drives a lot of our work.

QR codes are becoming an increasingly prevalent mPay solution in Australia, where Bendingo bank also recently announced a QR upgrade.

The Australian bank’s enhanced QR solution launch aligns with Suncorp Bank’s announcement that it will be dedicating an estimated (USD) $250M USE (AU $270) to changing the bank’s core systems.

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