An Atlanta-based payments technology company is partnering with two of the biggest names in virtual payments to bring touchless checkout to CVS pharmacies across the country.
InComm announced Thursday the company had released QR code technology customers can use to checkout via their PayPal or Venmo accounts without touching a keypad or signing a receipt. The technology will be implemented at all CVS stores, more than 8,000 in the U.S., nationwide in the fourth quarter this year.
“Atlanta continues to strengthen its reputation for being a hub of payments innovation. As a locally based company, we are proud to contribute to that legacy by working with PayPal to bring this technology to millions of consumers,” Stefan Happ, president of InComm, told Atlanta Inno. “We look forward to building on this partnership along with additional retailers in the years ahead to create more innovative touch-free payment experiences.”
The news comes on the heals of InComm's multi-year agreement with PayPal to bring PayPal and Venmo QR code tech to retailers across the U.S. Using cloud-based software updates, InComm can integrate the touch-free payment tech into most retailers' point-of-sale systems.
"In the midst of Covid-19, we have seen an incredible acceleration of digital payments and touch-free payments," Mark Britto, executive vice president and chief product officer of PayPal, said in a statement. "Companies of all types and sizes are looking for ways to maintain the safety of their customers and employees, especially through touch-free experiences like curbside pickup and enhanced online shopping. QR codes complement these and provide retailers an additional payment method that furthers this touch-free mission and continues the growth of digital payments for all partners in the ecosystem."
CVS customers using the PayPal QR code will be able to pay for their products using stored debit or credit cards, bank accounts, PayPal balance or PayPal Credit. Venmo users can pay using stored debit or credit cards, bank accounts, Venmo balance or Venmo rewards. Those who choose to opt-in to the QR code payment method will not pay a fee.
"PayPal and Venmo QR codes offer our customers a secure and touch-free way to complete their purchase with a payment brand they know and trust," said Jon Roberts, executive vice president and COO of CVS Health. "This reflects our continued focus on innovation and finding new ways to help maintain the safety of our customers and employees."
InComm was founded in 1992 as a payment technologies company. The company most recently opened an innovation lab and incubator Go Studio in Atlanta for emerging technologies.
