<New option, separately licensed>
Way4 Acquiring now supports UnionPay QR code payments in a Merchant-Presented mode.
We have enabled the following scenario for in-store payments to be implemented by the acquirer:
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When a customer is ready to pay, the merchant uses a POS terminal to request a dynamic QR code from Way4 Acquiring.
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Way4 Acquiring system generates the dynamic QR as per UnionPay standards and sends the requested code back to the POS, which displays it on screen.
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The customer scans the QR code with a mobile app, which sends the payment request to Way4 Acquiring via the UnionPay Mobile Payment System (UMPS).
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After Way4 validates merchant credentials, the request is forwarded to the UnionPay GSCS system and then by GSCS to the issuer for authorization.
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Through UMPS and UnionPay GSCS, the issuer’s reply is returned to the acquirer. Way4 instantly notifies the merchant and cardholder via SMS and/or push-notifications.
Similarly, Way4 can support a flow for refunds and canceled transactions.