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GET INVOLVED TO HELP SHAPE
THE CARD PAYMENT ECOSYSTEM AND INTEROPERABILITY

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A COLLABORATIVE APPROACH THAT DRIVES
CARD PAYMENT INTEROPERABILITY THROUGH STANDARDS

nexo brings together players from the whole card payment industry value chain and addresses issues of interest and common concern in the field of card payments, namely in the acceptor to acquirer relationship.

  • Consistent with the Industry requirements: thanks to its multi-sectoral approach, nexo involves all stakeholders of the industry and takes into account their specific requirements in the design of the protocols.
  • Involvement of the regulators: nexo will provide full transparency on its activities to the European regulators by giving them the opportunity to act as “Counsellor” in the organization and to attend meetings at all levels of organization governance.
  • Development and promotion of the nexo standards: nexo will continue to develop, enhance, promote and maintain nexo standards for the benefit of its member organizations.
  • Protection of intellectual assets: nexo will ensure the protection of the intellectual property rights associated with its specifications and standards.

stakeholder benefits

Cost reduction for the development of new services and products through the introduction of the latest technologies.

Increased competition due to the use of a common - universal - solution.

Benefit of convergence with non-card payment instruments through a unique ISO 20022 approach.

Will facilitate the provision of services overcoming the current technical, commercial and legal barriers existing today.

The proposed development will help banks to adopt a single methodology and approach in addressing new and updated messages in the financial arena. Banks are today confronted to various categories of messages based on non-interoperable technologies which hinders a convergence process and lead to higher development and maintenance costs. A timely migration towards a single methodology (e.g. ISO 20022) for all financial data exchanges (credit transfers, card payments, securities, treasury management, cheques, etc.) will lead to a progressive reduction and simplification of global and certification costs. It will enable banks and their customers to rely more and more on "off-the-shelves" harmonised software solutions. 

Extension of the scope of today’s national schemes by giving the opportunity to extend their offer beyond today’s domestic boundaries.
Reduced time-to-market in the provision of card payment services.

Acceptors are Processors or Payment Service Providers (PSP) customers involved in a card acceptance contract for the acquisition of POI card payment transactions. The existence of country-based incompatible standards hinders the central acquisition of cross-border card payment transactions by multinational acceptors and, hence, the development of business. A common standard will provide tremendous incentives and opportunities for the development of central POI card transactions acquiring activities. As far as Europe is concerned, such a standard would meet the European legislators' objectives to achieve a single payments area in Europe. This standard will provide additional cost-savings for activities associated to loyalty and e-billing when related to commercial data associated to a card payment.

membership levels

Principal Members

Any legal person committing to comply with the Statutes and Rules of Procedure of the Organization and belonging to one of the following categories: Acceptors, Processors, Vendors, Payment Service Providers, Card Schemes.

  • Participate in the work of the Organization by attending meetings of the General Assembly and the bodies established within the Technical Steering Committee, with the right to vote;
  • When elected as member of the Board of Directors, may also attend meetings of the Board of Directors with the right to vote;
  • Own the Intellectual Property Rights generated by the Organization;
  • Have access to the Organization’s deliverables, working documents and reports.
Annual Fee:
10 000€
Associate Members

Any legal person committing to comply with the Statutes and Rules of Procedure of the Organization and belonging to one of the following categories: Acceptors, Processors, Vendors, Payment Service Providers, Card Schemes.

  • Participate in the work of the Organization by attending meetings of the General Assembly and the bodies established within the Technical Steering Committee, without the right to vote;
  • Have no right to the intellectual property generated by or brought into the Organization, unless otherwise specified for Intellectual Property Rights brought into the Organization by a given Associate Member and clearly identified as such;
  • Have access to the Organization’s deliverables, working documents and reports.
Annual Fee:
3 000€
Observers

Any legal person entitled to become a Principal or Associate Member but choosing not to have the right to participate fully in the proceedings of the Organization.

  • Participate in the work of the Organization by attending meetings of the General Assembly only, but without any voting right;
  • Have no right on the intellectual property generated by or brought into the Organization;
  • Have access to a selection of the Organization’s deliverables, working documents and reports on a non-disclosure basis.
Annual Fee:
1 000€
Counsellors

Representatives of the European Commission (EC) as well as representatives of the European Central Bank (ECB) with a regulatory or supervisory role in card payment activities.

  • Participate as observer in the work of the Organization by attending meetings of the General Assembly, Board of Directors and bodies of the Technical Steering Committee but without any voting right.
  • Have no right to the intellectual property generated by or brought into the Organization.
  • Have access to the Organization’s deliverables, working documents and reports on a non-disclosure basis.
Annual Fee:
0€
Why nexo ?
Frédéric Mazurier
Carrefour Banque
Interview