Advancements will ease integration of payment acceptance solutions across a range of transaction technology, according to the press release. nexo standards are used across six continents and power more than five billion payment transactions a year.
The nexo technical standards are based on ISO 20022 which addresses the complexity created by using existing fragmented and proprietary financial service standards. Working with an international membership base of acquirers, card schemes, issuers, merchants, processors and vendors, nexo standards simplifies and standardises the exchange of data between all stakeholders to detail an integrated global approach to payment acceptance.
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