Mastercard Service provider Introduced QR (MPQR) is a Mastercard QR program offering a consumer-initiated, cellular fee answer. MPQR permits shoppers to make cashless funds for items and providers from their cell phones by merely scanning a Mastercard QR Code or manually inputting an alias offered by any Mastercard QR accepting service provider.
The MPQR program gives the SDKs, APIs and processing that allow registered contributors to offer this fee answer:
Service provider banks (Receiving Establishments) can generate Mastercard QR codes for his or her retailers to current to their shoppers.
Shopper banks (Originating Establishments) and pockets suppliers (Transaction Originators) can add Mastercard QR-scanning performance to their fee functions (apps), enabling shoppers to provoke MPQR funds after they scan retailers’ QR codes.
👉 How It Works
Retailers can current QR codes on their web sites, cellular gadgets, in-store signage, invoices, ticket machines, and so forth, offering further safe fee strategies to shoppers.
🔹 The service provider (Recipient) presents their Mastercard QR code, Service provider ID (or Alias*) and transaction quantity to the patron.
🔹 These might be proven on the service provider’s web site, cellular system, in-store signage, bill, and so forth.
🔹 Utilizing a fee app, the patron (Sender) scans the QR code or enters the Service provider ID/Alias (if unable to scan). The app parses and verifies the QR code and, if the QR code is dynamic, exhibits the quantity to the patron for affirmation. In any other case, the patron enters the quantity and confirms fee.
🔹 The fee app sends the information to the Originating Establishment/Transaction Originator to provoke the MPQR fee.
🔹 The Originating Establishment/Transaction Originator verifies that the funding is accessible. If it’s the patron’s financial institution, it debits the patron’s account (Funding Account).
🔹 The Originating Establishment/Transaction Originator sends a Fee API Request to Mastercard.
🔹 Mastercard sends a Fee Transaction Request to the Community to path to the Receiving Establishment (Service provider Financial institution) for approval.
🔹 The Receiving Establishment approves or declines the fee.
🔹 If permitted, the Receiving Establishment credit the service provider’s account (Receiving Account) and notifies them of the fee.
🔹 The Receiving Establishment sends a Fee Transaction Response to Mastercard.
🔹 Mastercard sends a Fee API Response to the Originating Establishment/Transaction Originator.
🔹 The Originating Establishment/Transaction Originator notifies the patron of the fee final result through the fee app. If the MPQR Fee was rejected or declined, the Originating Establishment/Transaction Originator should refund the Funding Account (if it’s the patron’s financial institution).
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