NSPK joins nexo standards as a Principal Member

April 30, 2019 - The National System of Payment Cards (NSPK) in Russia, today announces it has joined nexo standards as a Principal Member.

 

The new membership allows NSPK’s experts to participate in and contribute to the nexo standards working groups and help shape the nexo specifications and protocols in-line with the rapidly evolving needs and requirements of the payments industry. In addition, NSPK will get the opportunity to collaborate and network with other like-minded payments acceptance industry stakeholders.

 

nexo standards enables fast, interoperable and borderless payments acceptance by standardizing the exchange of payment acceptance data between merchants, acquirers, payment service providers and other payment stakeholders. nexo’s messaging protocols and specifications adhere to ISO20022 standards, are universally applicable and are freely available globally.

 

“International recognition and adoption of nexo standards is growing, and the addition of NSPK to our membership reflects our increasing prominence outside of the Eurozone,” comments Claude Brun, Chairman of nexo standards. “In markets as vast and complex as Russia, nexo can realize truly transformative efficiencies. We welcome the unique insights NSPK will bring to our working groups and look forward to seeing how, together, we can enhance both the Russian payments acceptance market and the technical outputs of our association.” NSPK is currently preparing nexo standards-based specifications and protocol descriptions for its Russian banks, service providers and software vendors. In the next 12 months, the organization will work with its stakeholders to help define an implementation strategy for nexo specifications and protocols across the Russian payment acceptance market.

 

“Better harmonization is key to enhancing the Russian payment acceptance market and nexo standards protocols and specifications offer the perfect solution,” comments Dr Igor Goldovsky, Chief Architect at NSPK. “In supporting all of our nation’s payments stakeholders, we hope to not only enhance the functionality and quality of our infrastructure, but deliver new cost and maintenance savings to our network’s merchants and acquirers.”

Last Tweets

Read this case study to learn how @Amadis is using #nexostandards and #protocols to create a streamlined and standardised #payment acceptance system https://t.co/hkehpMmjfW https://t.co/dt5fcfbRhS

As #POS systems acquire advanced functionality, the #payments ecosystem is becoming ever more complex. Listen to this episode of @Glenbrook’s #paymentsonfire podcast to hear how #nexostandards is enabling greater simplicity: https://t.co/QNv6MGd1zu https://t.co/eche3Tr4WK

Find out why ‘baked-in’ #payments acceptance into the #POS – a key feature of our Retailer Protocol - is bringing value to #merchants in @Forbes latest piece on the strategic power of payments: https://t.co/wb6RTeJylF #ecommerce @jordanhmckee https://t.co/lWx93uS4ew

nexo standards Welcomes First Member from India

Payment solution provider, Girmiti Software, is today announced as the latest company to join the membership base of industry association, nexo standards, becoming the first in the association’s global expansion to join from India.

Girmiti Software is a pioneer in implementing innovative, seamless and new generation payment solutions and services globally. It provides payment...

Our succes

This year our annual conference in London was a complete success. Over 13 companies & nexo members were presenting around the theme “No borders for nexo”. If you are interested in downloading...

Payments Cards and Network Podcast with nexo standards General Secretary

PCN Podcast #7 - Interview with Jacques Soussana, General Secretary at nexo standards

In this episode of the Payments Cards and Network podcast, nexo standards General Secretary, Jacques Soussana...

General Secretary Payments on Fire podcast

Listen to our General Secretary discuss nexo standards on the Payments on Fire podcast

Why nexo ?
Kurt Gjesten
PNA CARD SERVICE AB
Interview