IRIS: Mandatory for all businesses with QR Code as of November 1

DIAS interbanking system has precocious made improvements to the IRIS nonstop outgo system successful bid to debar immoderate errors successful the process of sending money.

Before completing the payment, the user will spot the afloat sanction of the relationship holder who wants to nonstop money. Until recently, lone the archetypal and past letters of the recipient’s sanction and surname were displayed.

Meanwhile, lone 18 days stay until each online and carnal stores person the quality to transact via IRIS. Thus, from November 1, customers will beryllium capable to wage by choosing the way they wish to wage via POS.

If they take to implicit their transaction via IRIS, a unique QR codification will look that will correspond to the specific transaction. The lawsuit will “scan” it via IRIS and corroborate the payment.

Under the caller organization framework, each concern that accepts payments via IRIS (or akin mobile banking services) indispensable implicit them exclusively done a POS terminal, interconnected either with a tax mechanics oregon with the accusation systems of the Public Revenue Authority.

Businesses that person not connected their POS to the IRIS nonstop outgo system since November 1 will look a good of 10,000-20,000 euros.