This @paymentsjournal article explores the rise of instant cross-border #payments in Asia. One way to realize truly interoperable cross-border payments is through standardization which #nexostandards delivers through ISO 20022 compliant messaging https://t.co/BuEazq7MRn https://t.co/tEz1e23xet
Discover Global Network Joins nexo standards as a Principal Member
July 17, 2018 – nexo standards, the international industry association dedicated to enabling fast, interoperable and borderless payments acceptance, today announced that Discover Global Network has joined its membership as a Principal Member.
Discover Global Network, the global payments brand of Discover Financial Services, processes millions of cardholder transactions each day and has alliances with more than 10 payments networks around the world. As a Principal Member of nexo standards, Discover will have the opportunity to participate in the work of nexo technical working groups and committees, working alongside other members to ensure that the nexo specifications and protocols address the current needs of the payments industry. Discover will also participate in meetings of the nexo General Assembly and provide input to the strategic direction of the association.
“As a leader in global payments, Discover Global Network works with a wide range of industry partners with an eye toward continuously improving the payment experience,” comments Cheryl Mish, Head of global payment standards at Discover Global Network. “We support nexo’s aim to promote the worldwide interoperability of card payments through the use of common standards. In the months ahead, we look forward to working with other nexo standards members to contribute to the nexo specifications and protocols.”
nexo standards works on behalf of all card payment stakeholders to harmonise contact and contactless card payment acceptance globally. nexo standards’ messaging protocols and specifications adhere to ISO20022 standards and are universally available and applicable. The protocols promote interoperability between card acceptance and acquiring solutions.
Arnaud Crouzet, General Secretary, nexo standards, adds: “nexo is pleased to welcome Discover Global Network to its growing portfolio of Principal Members. Discover is committed to providing effective solutions that evolve as the requirements of the payments ecosystem change. Discover will bring a wealth of payments experience to help influence the development and implementation of nexo messaging protocols and specifications across Europe, US and worldwide. Our vision of creating a unified global card payments acceptance ecosystem cannot be achieved without engagement from global payment stakeholders like Discover. We look forward to working with Discover to develop our messaging protocols and take further steps towards removing the barriers present in today’s fragmented global card payment acceptance ecosystem.”
For more media information or to schedule a briefing with nexo standards, please contact Kirsty Blackburn / Kathryn Rutherford
About Discover Global Network
Discover Global Network, the global payments brand of Discover Financial Services, processes millions of cardholder transactions each day. With industry expertise, innovative technology and a closed-loop infrastructure, Discover Global Network provides effective, customized solutions that evolve as needs change. Discover Global Network has alliances with more than 10 payments networks around the world, and is led by three Discover businesses: Discover network, with millions of retail and cash access locations; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories.
For more information visit www.discovernetwork.com
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