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Introduction

Under the MNB regulation governing the Instant Payment System, payment service providers are required to create the possibility of QR code, NFC and deeplink payments (hereinafter Unified Data Entry Solutions – EAM) in mobile banking applications, based on a uniform, mandatorily applicable standard.

Building on these payment services, Raiffeisen Bank has developed a merchant-side solution for the corporate segment, which enables acceptors to conduct card-replacing, instant payment transactions through a standard internet API connection.

Unified data entry solutions applicable for submitting instant transfer orders​

  • Two types of QR code purchases: the QR code is scanned within a mobile banking application or the software of the built-in camera of a multifunctional device (mobile phone, tablet, etc.) scans the QR code, which launches the pre-installed mobile payment application. QR code is a code defined according to the ISO/IEC 18004 standard. The QR code-based data entry solution must be designed with the following technical content:

    • the maximum size of the code is 24, i.e. 113 × 113 units, and 4 units of empty space must be left around it;

    • the error correction capability of the QR code is at least M level (15% loss recovery capability).

  • Instant payment initiated with Deeplink: no camera scanning is required, because the deeplink (deep-link-based data entry procedure) launches the mobile payment application and the payer only needs to approve the pre-prepared payment initiation form. The description of deeplink technology is contained in Annex 5 of MNB Decree 35/2017. (XII.14.) MNB.

  • NFC-initiated instant payment: Short-range communication technology based on RFID (Radio Frequency Identification) standards, communicating at 13.56 MHz, described in the ISO/IEC 14443 technological standard. The active communication mode defined in the standard can be applied to issue codes supporting the submission of instant transfer orders.

New participants in the service​

Aggregator

GIRO has contracted with a single Aggregator, which, in the case of payment transactions initiated through the unified data entry solution, ensures the production and verification of the QR code required for the transfer within a closed system. It also takes care of forwarding the payment status notifications to the payment initiator. To achieve this, GIRO must keep track of the registered Aggregator and forward to it the notification message initiated by the payer's payment service provider. The Aggregator will forward this message to the sub-aggregator belonging to the transaction.

Sub-aggregator

The Aggregator does not contract directly with the merchant or service provider, but agrees with a so-called sub-aggregator service provider. In this case, the merchants contract with the sub-aggregator, who guarantees the creation of the unified data entry solution to the merchants based on their requests and forwards the notification messages to the merchants, and may also perform settlement for the merchants. In this case, Raiffeisen Bank takes on this role.

Brand elements (qvik)​

The MNB's goal is to unify market practice regarding the display of brand elements related to Instant Payment Services. The MNB expects all market participants to fully comply with the basic information rules set out in the Brand Manual, which requires the display of the Instant Payment logo for all transactions processed under the Instant Payment rules.

The MNB has recently decided that services built on Instant Payments will in the future appear under the qvik collective brand name. In designing qvik, the MNB's goal was to introduce a brand name that is easy to pronounce, clearly distinguishable from other payment methods and refers to the speed of payment.

With the introduction of qvik, the MNB has published the associated Brand Manual, which regulates how market participants should display the unique logos and pictograms of services built on Instant Payments. The manual will also contain guidance on how payment service providers should help and expect their business partners to display marketing elements related to Instant Payment when providing acceptor services built on Instant Payments.

The current brand manual is available here: https://www.mnb.hu/penzforgalom/azonnalifizetes/gyakori-kerdesek-valaszok/arculati-elemek