QR-code payments are pushed from a cardholder’s bank account directly to a merchant’s bank account using the mobile channel. Mainstream card-based payments are pulled by the merchant’s acquiring bank from the card-issuing bank using legacy network settlement infrastructure. Push transactions eliminate more than two dozen chargeback rules related to card payments in the Mastercard and Visa systems. Reducing risk to acquirers means it takes less than 10 minutes to set up a merchant to accept QR payments, rather than the two to three weeks it takes in some countries to accept card payments ...