First Data Chooses Latest nexo standards Specifications

nexo standards, the association dedicated to delivering fast, interoperable and borderless card payment acceptance, today announced that First Data (NYSE: FDC), a global leader in commerce-enabling technology, is one of a group of early adopters deciding to implement the latest nexo messaging protocols and specifications into its payment platform.

First Data, which became a member of nexo standards in 2013, will integrate the new nexo standards NIS v.4.0 Specification Guidelines. The updated specification defines necessary nexo standards messaging protocols and related steps required to implement nexo IS solutions; this includes the development of point of interaction applications, host systems and terminal management systems.

 

“First Data is thrilled to be one of the early adopters of the latest nexo standards specifications, which simplify the process for our clients working to expand their businesses into new regions,” said Michael Neborak, Executive Vice President, Head of EMEA Region at First Data. “This cross-border payment systems compatibility will help global businesses manage all of their POS and eCommerce transactions from one central payment acceptance platform, regardless of the country they operate in.”

 

nexo standards offers a suite of messaging specifications and protocols which adhere to ISO 20022 standards, are universally applicable, and freely available globally. The specifications and protocols enable card payment acceptance stakeholders to establish standardised cross-border payment infrastructures.

The freedom that nexo’s universal acceptance standards provide put First Data at the forefront of new payment innovation. First Data utilised the nexo messaging specifications to provide a central payment acceptance platform for the AccorHotels Group, a global leader in travel and lifestyle. The nexo specifications have enabled AccorHotels to manage all of its POS devices and eCommerce transactions from one central location, regardless of which country they are operating in.

First Data’s integration of the latest nexo specifications will include future adoption on its Clover platform. Clover is a business management platform designed for small and institutional businesses, and is currently available to merchants in the United States, United Kingdom, Ireland, Germany and Austria.

“As a Principal member of nexo standards, First Data has long been an advocate of the benefits of our messaging specifications and protocols,” comments Arnaud Crouzet, General Secretary of nexo standards. “The company handles 79 billion transactions per year across more than 100 countries, so its decision to incorporate nexo into its worldwide payment strategy is a huge endorsement.”

First Data will be using the nexo FAST, nexo Retailer, nexo Acquirer and nexo TMS Specifications.

 

ENDS

For more media information or to schedule a briefing with nexo standards, please contact Kristin Nankervis at kristin@iseepr.co.uk or Lucy Horsman at lucy@iseepr.co.uk / +44 (0) 113 350 1922

 

About nexo

nexo is an open, global association dedicated to removing the barriers present in today's fragmented global card payment acceptance ecosystem. nexo has been the very first organization to design and develop card payment messages based on ISO 20022. The delivery of universal standard and protocols messages ensure the interoperability of different equipment and payment systems, internationally. Headquartered in Brussels, its members represent the full spectrum of card payments stakeholders, including acceptors, processors, card schemes, payment service providers and vendors. nexo standards was established in 2014, when three historical contributors of card payment standards and specifications were merged: EPASOrg, the OSCar consortium and the CIR SEPA-Fast technical working group. For more information, visit www.nexo-standards.org
 

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The Company's 22,000 owner-associates are dedicated to helping companies, from start-ups to the world's largest corporations, conduct commerce every day by securing and processing more than 3,000 transactions per second and $2.4 trillion per year. For more information, visit www.firstdata.com and follow us on Twitter at @FirstData.
 

Contacts

Andrea Duffy
First Data
646-984-0240
Andrea.Duffy@firstdata.com

Last Tweets

Don’t miss #nexostandards’ General Secretary discussing the value of our protocols, the need to remove fragmentation in #payments & the challenges of bringing all payment stakeholders together on @Glenbrook’s #PaymentsonFire podcast with @GeoPeabody: https://t.co/x5eZMYLJc2 https://t.co/Rt6Z1YKCpG

Listen to General Secretary, Jacques Soussana, talk with @GeoPeabody of @Glenbrook about how #nexostandards is attacking the complexity of #POS systems on the latest #paymentsonfire podcast here: https://t.co/x5eZMYLJc2 #nexostandards #payments https://t.co/wFZyYBjrxd

We’re enabling a new age of customer centricity through #payments acceptance #standardisation. Learn more: https://t.co/cTrdyjbmB1 #nexostandards https://t.co/Ea3fox1fqa

General Secretary Payments on Fire podcast

In this episode of the Payments on Fire podcast, nexo standards General Secretary, Jacques Soussana, discusses the goals and challenges of achieving interoperability in the payments world with its host, George Peabody. The leading podcast is produced by U.S-based payments consulting, research and education experts, Glenbrook.

In this episode, it invited nexo standards to...

nexo standards’ Retailer Protocol Receives ISO Accreditation

Global industry association, nexo standards, has today announced that its latest version of the nexo Retailer Protocol has now been published ...

Alipay and Lyf Pay Join nexo standards

Global leaders in online and mobile payments become latest members of international association

nexo standards migration advances with first accredited test tool launch

Acquirers, retailers, vendors and processors can now ensure interoperability and nexo-compliance throughout a solution’s lifecycle

Why nexo ?
Francois Mezzina
TOTAL MARKETING SERVICES
Interview