QR Code Security for Payments & Transactional Processing QR codes are becoming ubiquitous in today’s digital world. There is an increasing usage of QR codes in transactional systems like digital payments, crypto-currency and identification. While QR codes use is on the rise, there remains an inherent weakness. QR codes do not contain any mechanism for proof of origin and non-repudiation of authorship. Such security concepts are standard in modern IT systems, however, billions of QR codes are generated and used without way to a‑rm the source and authorship of a QR code.
This vulnerability is due to the fact that QR codes are easy to create using simple generation applications easily accessible on the internet. Actors with nefarious motives can create QR codes spoofing sites, disrupting services, and committing fraud. The explosion of QR code incidences of hacked systems and QR code fraud will no doubt follow.
We can offer this proprietary information to the companies provide QR code based payment services as interesting prices and innovative ways, so that they can easily integrate this service into their existing payment workflow.
Solution Unique Private Tokens
Patented Unique Private Tokens (also called TrackMatriX® CYCLE) provide a countermeasure to the security weakness inherent in QR codes. Unique Private Tokens exist in a second invisible layer within a standard QR code. With Unique Private Tokens the QR code functions identical to a standard QR code with.
- Proof of Origin
- Claim of Authorship
- Public / Private Layers
- 100% Compatible
- Strong Encryption