Introduction to NEXO standard
Why should you adopt nexo standards?
You should adopt a nexo standards as it provides solutions which are:
Fast
Interoperable
International
Future proof
Secure
How does nexo standard operates?
Nexo is standardising the exchange of payment acceptance data between merchants, acquirers, payment service providers and other payment stakeholders.
Nexo standards are based on ISO20022 standards, which are universally applicable and are freely available worldwide.
What does provide nexo standards?
Nexo standards provides a set of specfications, 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 protocols?
The nexo standards porfolio of protocols has been designed specifically to adress 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, specially for application developpment, communication and Electronic Cash Register (ECR) integration.
What is a protocol? Basically, 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
Market Pay is a Principal Member of nexo-standards
