Why should you adopt NEXO standards?
You should adopt NEXO standards, as it provides solutions which are:
- Fast
- Interoperable
- International
- Future proof
- Secure
How does NEXO standards operate?
Nexo is standardising the exchange of payment acceptance data between merchants, acquirers, payment service providers and other payment stakeholders.
Nexo standards is based on ISO20022 standards, which is universally applicable and freely available worldwide.
What does NEXO standards provide?
Nexo standards provides a set of specifications, based on universal and open ISO 20022 messages, to ensure the interoperability of payment acceptance.
Put simply, it's a set of rules that ensures financial transactions can flow smoothly between different systems, devices, and organizations.
What is behind each available protocol?
The NEXO standards porfolio of protocols has been designed specifically to address the lack of open and common specifications today on the market.
- nexo FAST, describe the payment application
- nexo Acquirer, interface between acceptors and acquirers
- nexo Retailer, interface between payment application and Electronic Cash Register (ECR).
- nexo TMS, Terminal Management System allows to configure and manage terminals
- nexo Card Payment Security, security mechanisms to secure messages
- nexo ATM, transaction and management on ATM
Market Pay builds its solution using NEXO standard protocols, especially for application development, communication and Electronic Cash Register (ECR) integration.
Note. A protocol is a set of rules and specifications to enable two or more entities to exchange information.
What is the aim of NEXO standards?
NEXO promotes the widespread acceptance of protocols, a series of standards to ensure interoperability among payment acceptance and acquiring solutions, retail payment solutions, and terminal management systems.
Who is behind Nexo standards?
Nexo standards is an open, global association dedicated to removing the barriers present in today’s fragmented global payment acceptance ecosystem.
Its members represent the full spectrum of payments stakeholders: acceptors, processors, schemes, payment service providers and vendors.
The list of its members is available on their website nexo-standards.org
Note. Market Pay is the Principal Member of nexo-standards.