Of Chrysostom Chufi
By scanning a special QR code in the end, and not by filling in the code sent to the user’s phone (as the initial information said), IRIS payments will eventually be made to businesses, which will have to offer their customers to their customers on November 1.
From November 1, ie the seller’s question ‘Card or cash?’ will be done “Card, cash or Iris?”
Since the customer chooses to pay with the IRIS payment system, the seller will press the POS button for Iris payments and immediately on the POS will show a QR that the customer has to scan. But not by opening the camera of the phone or some other special application but the application of mobile banking of his bank.
Depending on the bank, QR recognition is usually either in payments or services. Scanned and pays.
This option is made purely for security reasons. The banking application opens with biometric elements (face, fingerprint) and thus minimizes the risk of violating the client’s data. According to DIAS Managing Director, Stavroula KambouridouAlready about 8,500 e-shops in Greece are already allowing IRIS payments without any incident of fraud (as no incident of fraud has been generally presented in the use of IRIS these 5 years in operation).
According to Mrs Kambouridou who spoke on his television Furiousalready using biometrics in mobile banking opens a session, a transaction. The account that will make the payment and the payment amount is pre -filled, so the payment is made, the transaction closes, the banking application closes and you return to the trader environment (if it is electronic purchases). No codes, no numbers or bank card details, etc.
In fact, another change in IRIS will be made since October to deal with the latest source of … risk. Until now, just before we press OK for a payment, only our first letters appear. Since October, will normally look his name so as to avoid errors.
The expansion of IRIS throughout the market range is expected to… bust the numbers of this Greek product. Numbers already running with broken brakes as users now exceed € 4 million, 560,000 of whom are freelancers. At the end of 2020 the total users numbered just 700,000.
Only in the last 5 months, registered users have increased by 360,000. From March to August, 72,000 users pressed the OK of registration.
Even more impressive is The evolution of transactions. The first quarter ended with 17.5 million transactions (from 2020). We have now reached 70 million. Supernatural within 5 months.
This image has contributed significantly and the new system that provides 2 distinct:
- IRIS P2P: Limit € 500 daily for direct money transfers between friends.
- IRIS P2B: Limit € 500 daily for direct payments to freelancers/ individual businesses.
The IRIS system has no commissions for transactions between individuals.
But professionals and businesses are motivated to be paid through IRIS because supplies are much smaller for them.
Source: Skai
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