General Information

The unified data entry solution – in a broader sense – is a payment request that is communicated via direct data transfer between the beneficiary and the payer's devices and contains only data relating to the beneficiary and the operation, i.e. does not contain data relating to the payer (the MNB regulation interprets the concept of payment request more narrowly, as it only considers messages mediated by payment service providers that are standardised in the domestic payment system and contain all data necessary for submitting the transfer).

The payer creates a transfer order on their mobile device based on the data read via qvik EAM, by specifying the payment account to be debited and, after checking the data, approving the transfer order with or without modifying or supplementing the order data within the options offered to them.

The special procedure applied in the domestic payment system requires authentication of the qvik EAM code, which guarantees that the beneficiary produces the qvik EAM code with the involvement of a payment service provider, conducts real economic activity and that the paid amount reaches the appropriate payment account, and that in the event of a dispute, the enforcement of consumer rights is also supported by appropriate procedures and commitments.

The qvik EAM payment is secure, as the payer does not need to provide their personal data for data entry. Order data can only be entered into the mobile device, or the mobile application provided by the payment service provider running on it, based on an authentic code, and the authenticity and suitability of the authentication code is also checked by the payer's account-holding payment service provider.

The speed of qvik EAM payment is guaranteed by the instant feedback to the acceptor endpoint – confirming that the fulfilment has taken place – which is compiled by the payer's bank and transformed by the Aggregator for the purpose of notifying the endpoints; thus, there may be only a few seconds between the initiation of payment and the notification of the endpoints. The payer's account-holding payment service provider sends a notification to the acceptor endpoint even if the operation fails for any reason.

The special feature of the transfer order read with qvik EAM is that the beneficiary of the payment is not only the seller of the goods or service, but can also be the acceptor or settlement party (Sub-Aggregator or other intermediary), which forwards the received amount item by item or collectively to the actual beneficiary.