Developed by the main players in the industry, nexo's new-generation standards provide a set of coherent specifications for card payment acceptance. These international standards look to replace those in force in each country. In an environment where commerce is being conducted in an increasingly multi-country and multi-channel way, they offer merchants many advantages:
- Standard systems for international card acceptance that are faster to put in place,
- Lower payment management costs,
- Simplified integration with checkout systems,
- A wider range of banking partners from which to choose.
"We are convinced that nexo standards will be adopted very quickly. More and more international distributors understand the benefits of these standards in terms of efficiency gained and time and costs saved," explains Stéphane Jacquis, Multi-Channel Services Director at Ingenico Group. "We are pleased to be the first to offer and deploy a solution conformant to the latest nexo European standards, which confirms Ingenico Group's leadership in multi-country payment acceptance."
nexo, formerly EPASOrg, is an international non-profit organisation with a mission to ensure the interoperability between card acceptance and acquiring solutions, integrated retail and terminal management systems through the delivery of universal standards. nexo has been the very first organisation to design and develop ISO 20022 messages for card payments, giving the association in-depth expertise in the delivery of universal standard messages.