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Big platforms like Instagram are increasingly using QR codes
Gabriela Barkho
4 months ago
https://www.modernretail.co/platforms/big-platforms-like-instagram-are-increasingly-using-qr-codes/amp/
Quick response (QR) codes continue to have their moment in the sun.
Though QR code technology — in which two-dimensional barcodes legible by smartphone cameras pushes information to users — has been around for decades, the contactless solution has become increasingly popular with businesses. It’s been a dominant feature at reopened local businesses like restaurants and bars, which have moved to employing them for offering contactless experiences for everything from smart menus to digital payments.
Even prior to the coronavirus outbreak, QR code technology was projected to grow in the coming years. According to a 2018 report by Juniper Research, the number of QR code scans is expected to reach 5.3 billion by 2022. Though with the current spike in North American consumer use, the number is likely to increase.
Now, even big brands with sophisticated checkout systems are getting in on QR codes. CVS, for example, is launching its own Q code-enabled checkout this month. And now, Instagram. The Facebook-owned social platform this week announced its own new QR code scanner for personal and business profiles, said the company to “continue building tools to help them get discovered and connect with people in new ways.” This widespread presence of QR codes could mean mass adoption among millions of users, especially on social media channels like Facebook and Venmo.
The way the new Instagram integration works is that by scanning a QR code on the app, customers will be taken to that business’s Instagram page and shown updated info, such as store hours, items for sale and other customer service information. According Facebook, people can use their own IG Stories camera, QR Code camera or any third-party camera on their phone. It’s also meant to drive traffic, and in turn engagement, to SMBs’ profiles on the platform given the challenges they face in staying afloat amid a pandemic.
The move’s timing makes sense, since Instagram has quickly become a go-to hub for many local and national businesses looking to reach customers with updates and promotions. According to Facebook, there are 180 million monthly active business accounts across its family of apps, including Instagram and the official Facebook app.
Retailers too are increasingly turning to payment partners that use QR codes to better facilitate contactless transactions. In late July, CVS unveiled a multi-year partnership with PayPal and subsidiary Venmo, which will allow shoppers to scan QR code and use their PayPal accounts to purchase items at its 8,200 national locations. The deal, set to rollout during its fourth quarter this year, comes on the heels of PayPal’s similar partnership with Walmart Canada it announced in April. In May, PayPal began to aggressively market its peer-to-peer scanning payment tool to high-touch merchants, such as farmers markets and second-hand stores.
Meanwhile, there’s a mad dash to find new and easy ways to allow for contactless payments. Indeed, as per the CDC guidelines: contactless formats are recommended “whenever possible.” The health organization has been urging patrons and workers to forgo exchanging physical items like menus and credit cards, and instead embrace contactless payment systems other digital ways to convey information. These sanitary-minded tips have breathed a new life into QR codes’ potential use, and in turn inspired big corporations to embrace them for logistics and marketing purposes.
Right now QR codes work two-fold, because they’re both simple for businesses to implement as well as easy for consumers to adopt, according to Nick Starai, chief Strategy officer and co-founder of payments technology company NMI.
Starai said that with consumers increasingly cautious about going into public, more companies are looking to implement QR codes to ease their anxiety of the virus spread. “It will also empower brick-and-mortar businesses to convert that consumer from in-store to online,” Starai explained, while also streamlining the online payment process during the Instagram store checkout.
“We’re seeing more consumers than ever leaning on it,” Starai said.
And now I state, once again:
The further we've come, the closer we are ...And I believe we are nearly there!...JMO.
Do YOU believe? I do...
Best,
Be Confident
In-vehicle payments forecast to reach US$1bn by 2023
By Tom Phillips • 15 December 2020
https://www.nfcw.com/2020/12/15/369669/in-vehicle-payments-forecast-to-reach-us1bn-by-2023/
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Best,
Be Confident
QR Codes For The Holidays: Bridging The Gap Between Offline And Online Marketing
Nov 25, 2020,08:40am EST
Forbes Technology CouncilCOUNCIL POST| Membership (fee-based)
https://www.forbes.com/sites/forbestechcouncil/2020/11/25/qr-codes-for-the-holidays-bridging-the-gap-between-offline-and-online-marketing/amp/
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Covid-19: China pushes for QR code based global travel system
23 November 2020 Business
https://www.bbc.com/news/amp/business-55039662
IMO, there exists little doubt China plans to abuse the global nature of this data, however, this could be successfully realized via an alternate country such as the US or Australia...JMO.
Nevertheless, I have posted this article so as to demonstrate how profoundly prevalent 2D barcodes (and any machine readable input) are about to become!
And now I state, once again:
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Best,
Be Confident
Edited to Add:
Soon? Somebody mention the name Soon?? Have a run at this:
https://investorshub.advfn.com/boARDS/read_msg.aspx?message_id=79732702
Fyi, Dr. Soon sold his NEOM shares due to the r/s which took place. However, today's conditions are significantly different IMO.
For those unaware, Dr. Soon amassed in excess of $6 Billion in personal wealth by acquiring a company for its patents, turning it into a shell company, waiting a spell, and ultimately executing a reverse merger via which he catapulted himself. BRILLIANT!
Best,
Be Confident
And it will...JMO.
Best,
Be Confident
Pay attention newbies. Another worthy of a repost:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159819938
Best,
Be Confident
QR Code Statistics 2021: 50 QR Code Statistics You Should Know!
Apoorva Hegde
Last Updated: December 1, 2020
https://blog.beaconstac.com/2019/12/qr-code-statistics/
I strongly suggest a full read, however, this excerpt:
The COVID-19 pandemic has kickstarted the usage of QR Codes in top industry verticals – restaurants, retail, and even hotels. Albeit, QR Codes were already popular, the contactless technology and convenience it promotes have somersaulted its usage in recent months.
What do brands like Puma, Nike, IKEA, and Amazon have in common?
QR Codes.
QR Codes today are used everywhere, largely for marketing purposes to deliver an enhanced customer experience by brands and businesses of all sizes.
Why is 2020 the year of QR Codes?
Keeping this in mind, we have compiled 50 QR Code statistics for 2020. This is an extensive list of the most essential QR Code statistics every individual needs to know.
And once again I state:
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Best,
Be Confident
Precisely...
Best,
Be Confident
Size of Bid is 168 times the size of the Ask! WHY would ANYBODY sell 2s? A true waste of opportunity.
Best,
Be Confident
Bid size now 40 times that of the Ask size (as of 10:00am (EST). 3s to be gone forever in short order...JMO! (unsure why they should even be the slightest in play)
Best,
Be Confident
Something was proven these last several trading days, Junior. We now know for certain that dilution is in the past. Had it still existed the pps would have never budged.
As trivial as this may appear to newbies, you and I both know how significant this is. Neom now enjoys a free trading market! The law of Supply and Demand is back in play 100%...IMO.
Best,
Be Confident
HOW AUGMENTED REALITY WILL REFURNISH THE INDUSTRY IN 2021?
by Astha Oriel November 14, 2020
https://www.analyticsinsight.net/how-augmented-reality-will-refurnish-the-industry-in-2021/
Augmented reality implies the use of digital sensory stimulation tools for an enhanced real-world physical experience.
A decade back the sci-fi movies displayed things which is pretty much a reality now. The audience became fascinated when Robert Downey Jr, wore AR accessories in the movie Iron Man. It seemed impossible to create something like that in real life. However, a few years after the movie was released we are landed in a space where augmented reality is driving the pace of digital innovation.
Augmented reality implies the use of digital sensory stimulation tools that provide an enhanced real-world physical experience. Retailers, companies, enterprises and brands are heavily deploying AR devices and tools for enhanced customer experience, promoting products, launching marketing campaigns, advertising services, enabling affordable customer services and for collection of the user data. Today the utilization of augmented reality is not confined to gaming or movies. This evolving technology has exceeded in retail, manufacturing, defence, medicine and agriculture sectors amongst others. The global augmented reality market is expected to reach from US$4.21 billion in 2017 to US$60.55 billion in 2023, at an expected CAGR of 40.29% between 2018 and 2023.
Augmented Reality in Shopping/ retail
Augmented reality in shopping is listed to be amongst the significant technology trend that will transform the industry in 2021. Companies like IKEA, Sephora, Youcam, Dior and L’oreal are already leveraging AR for enhanced customer experience. Through AR, the customer’s can try out different products and services while sitting at the comfort of their home. Owing to the social distancing norms, AR will expand to other retail business. As per a report by Gartner, 200 million consumers are expected to shop in AR online and in-store.
Augmented Reality in Defence
Augmented reality is readily adapted in defence services. With unprecedented geopolitical situation, governments are upgrading the defence service with technological tools equipped. Reports suggest that the AR market in military services has exceeded US$1.59 billion. Moreover, US defence has contracted Microsoft to supply one lakh hololens augmented reality devices worth US$480 million. Some of the AR accessories used in defence are:
• Heads-Up Display for soldiers performs function equivalent to AR smart glasses by utilizing Tactical Augmented reality.
• Any technical defect in the engine or performance of a fighter jet while flying can be directly visualized using HUD’s
• AR in naval navigation aids in providing the best route for travel.
Augmented Reality and Artificial Intelligence
With technological advancements, the demand to readily provide a solution is surging. If organizations are unable to understand the customer demand readily then they lose the customer. Henceforth, organizations are assembling solutions that supplement customer satisfaction. Integrating Artificial intelligence into AR aids retailers to identify customer needs based on the surrounding of the customer. By integrating speech recognition with AR will display the image of the object that human has pronounced. For example, if a person pronounced Pizza to Siri, with AR the image of Pizza will also be displayed in the mobile phone.
Alongside retail, a collaboration of AI and AR also accelerates diagnosis of the diseases. As modern medical approach like MRI and CT scan, are often unable to diagnose diseases, the AI-AR tools have the potential of accurate and faster diagnosis.
It is coming...JMO! Jingle bells, jingle bells, Neom all the way...
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Be Confident
I believe this worthy of a repost. And should this event truly serve as the relaunch of Neom, we will not be watching for .0006, nor .001. This will immediately lunge to $$:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159657635
Best,
Be Confident
Cheers Kmac!
More than a bell, Roy. Significantly more than a bell
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Be Confident
As of 11:45 (ET) the size of the Bid is 31x that of the Ask!
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Be Confident
Junior, I am very certain, in my own mind, that it is a white label
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Be Confident
Precisely... Kmacneill, you have been member marked.
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Be Confident
Junior, did you have a run at the videos I posted. I welcome your take on the music similarities with the Ticketmaster video. Far too coincidental.
As you are aware, in my world of business...there are no coincidences...JMO
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Be Confident
Lmao! Indeed!! What I find shocking is the sellers fail to realize they can easily muster .0006. EASILY. Yet they sell at 3s and 4s. Soon the 3s and 4s run completely dry and 6s may prove a mere whimsical moment in time as this rockets
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Be Confident
Bid size nearly 15x that of the Ask as of 10:00 (ET). THIS, quite definitely, is how you define DEMAND
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Be Confident
The Gavitec and Neomedia links are aged, however, compare the videos and music to Ticketmaster which is from 2018 (Gavitec became Neomedia AG, and their technology was then licensed to Honeywell for commercialisation):
Gavitec Mobile Loyalty
Hyundai includes fingerprint payments sensor in new Genesis GV70 vehicles
By Tom Phillips • 1 December 2020
https://www.nfcw.com/2020/12/01/369395/hyundai-includes-fingerprint-payments-sensor-in-new-genesis-gv70-vehicles/
Drivers of Hyundai’s Genesis GV70 SUV will be able to make in-car payments for fuel and parking simply by touching a biometric sensor integrated with the vehicle’s infotainment system.
The feature will enable drivers to complete payments using the Genesis CarPay in-car digital payments system “by authenticating their fingerprints with a fingerprint sensor applied at the bottom of the start button instead of entering a six-digit password, which is the conventional method, at the step of authenticating themselves before payment,” according to Korean Car Blog.
Drivers will also be able to use the GV70’s fingerprint authentication system to activate customised settings and put the car in ‘valet’ mode to hide personal information when the vehicle is being driven by another person.
Genesis CarPay can currently be used to pay for fuel at SK outlets and for parking at Parking Cloud iParking lots across South Korea. It supports credit card payments made with Hyundai Card, Shinan Card, Samsung Card, Lotte Card and Hana Card.
Genesis says it plans to expand the range of merchants and payment providers supported by Genesis CarPay.
Best,
Be Confident
Why AI-powered e-commerce and QR codes are going to be massive in 2021
Industry Contributor
Sarah Keith, Managing Director
Paykel Media
25 November 2020
https://www.mi-3.com.au/25-11-2020/picking-2021-trends-ad-spend-growth-e-commerce-qr-codes-and-linear-streaming
(also mentions Augmented Reality)
And once again I state:
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Best,
Be Confident
Roy, you have been member marked.
Best,
Be Confident
Bid size currently 16 times that of the Ask!! I've rarely seen demand this great.
Best,
Be Confident
PayPal:
Pay touch-free with a QR code
https://www.paypal.com/us/webapps/mpp/qrcode?kid=p55900602256&gclid=Cj0KCQiAzZL-BRDnARIsAPCJs719wXMR57vE76sdWXfbsak-kKJYFkRWTcgyvbJ3EVDGIPEmBUvP1pQaAi4xEALw_wcB&gclsrc=aw.ds
Paying with our app means you don’t have to handle cash or credit cards when you pay in-person. All you need to do is scan a seller’s QR code when you pay.
Scanning a QR code is easy
Open your PayPal app, select 'Scan/Pay' and hold your phone up to the QR code. Then enter the amount and tap 'Send'. Once your payment confirmation appears, show it to the seller to check it’s correct. Just scan, pay, and go.
Pay securely with a QR code
Can you see a PayPal QR code? Then you can pay securely in-person. Open the PayPal app to scan, pay—and go. Simple.
Look out for our QR codesYou can find PayPal QR codes when shopping in-person anywhere from restaurants, to your local grocer, or farmers’ market.
Get set to sell with QR codes
If you’re about to start your own business, or already up and running, it’s easy to accept touch-free payments in-person. Just download and display your PayPal QR code, so your customers can scan it with their PayPal app. No need for hardware, software, or a card reader.
Paying with our app means you don’t have to handle cash or credit cards, just scan a QR code when you pay.
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Best,
Be Confident
Ford lets commercial vehicle drivers process payments from their connected vehicle app
By Tom Phillips • 30 November 2020
https://www.nfcw.com/2020/11/30/369355/ford-lets-commercial-vehicle-drivers-process-payments-from-their-connected-vehicle-app/
Food and beverage suppliers, mobile florists, couriers and other small business owners in Germany, France, Italy, Spain and the UK can now use their FordPass Pro connected vehicle app to accept card payments from their customers.
The payments solution allows drivers to accept both contactless and chip-and-pin debit and credit card payments through a marketplace feature integrated into the vehicle manufacturer’s app.
“One of the main advantages of this solution is that it gives entrepreneurs the ability to accept payments from their customers immediately, rather than waiting for an invoice to be paid at a later date,” says Mastercard, which implemented the service with fintech provider SumUp.
“This in turn can help them manage their cash flow more optimally, particularly in cases when they need to receive a deposit to buy the materials to start the job or pay their subcontractors.”
And now I state, once again:
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Best,
Be Confident
Japanese airline turns to mobile payments to boost revenues during Covid-19
By Tom Phillips • 30 November 2020
https://www.nfcw.com/2020/11/30/369366/japanese-airline-turns-to-mobile-payments-to-boost-revenues-during-covid-19/
Frequent flyers with All Nippon Airways (ANA) will soon be able to make in-store purchases and accumulate air miles by using a QR code-enabled mobile payments service that the Japanese airline is to launch “amid shrinking travel demand due to the coronavirus outbreak,” Japan Today reports.
“ANA will join a growing number of companies in Japan entering cashless payment services via smartphones,” the publication states, citing “sources close to the matter”.
“Teaming up with major Japanese credit card issuer JCB Co, the airline hopes its ANA Pay, using a QR code system, will make it easier for customers to make purchases at drugstores, supermarkets and other shops,” the report adds.
“The mobile payment platform will use JCB’s unique QR code standard, the sources said.
“If customers top up with a compatible JCB card and make a payment, they will receive 6 to 16 miles per 1,000 yen.
“With the prolonged virus spread continuing to weigh on its earnings, ANA has been trying to find ways to make profits utilising data of its frequent flyer members.”
The airline is due to launch its mobile payments service “by the end of the year”.
Best,
Be Confident
Scania, now would prove an excellent time to share your Gavitec mobile ticketing video with the newbies.
Newbies, take note that Gavitec became Neomedia Europe AG. The Gavitec technology was contracted through Honeywell to build, market, and deploy mobile ticketing solutions
Best,
Be Confident
Apologies, I meant June. My fingers didn't agree.
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Be Confident
JP, you and I differ on this one. Read the July 6, 2016 filing carefully...very carefully. My opinion of this letter is starkly different from those of other shareholders, not to mention some compelling results from further DD. My stay on this forum has not ended.
Hope your family has remained unaffected by covid.
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Be Confident
Cheers JP. Good having you pop in. And yes, very unfortunate about Chas. Such a visionary. The timing of his passing seems more than ironic.
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Be Confident
Visa and the National Football League Announce Cash-Free Future for the Super Bowl
Visa and the NFL to deliver touch free commerce experiences for Super Bowl LV and beyond
Visa debuts new guide to help venues around the world prioritize digital point of sale acceptance
November 19, 2020 09:00 AM Eastern Standard Time
https://www.businesswire.com/news/home/20201119005458/en/Visa-and-the-National-Football-League-Announce-Cash-Free-Future-for-the-Super-Bowl
...And once again I state:
The further we've come, the closer we are...JMO
Do YOU believe? I do...
Best,
Be Confident
Welcome words, LTM. Very welcome words.
Best,
Be Confident
I feel uniquely confident these days, Junior.
Best,
Be Confident
Luckyduck, thank you
Best,
Be Confident
Junior, Scania, Rocket:
Hope you and your extended families are all fairing well through covid season. Haven't caught a post from Rocket in a long while. Hope all is good. Rocket, should you be reading this I wouldn't mind a post.
Best,
Be Confident