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 our latest case study to learn how using #nexostandards has enabled LAVEGO to provide its customers with an innovative #paymentsolution that’s harmonized across different geographies: https://t.co/t7YISVVMTi @UnzerGroup https://t.co/9JKRL1KLhk

Thanks to the dedication of our members, #nexostandards can provide the #payments industry with truly #borderless interoperability. See a full list of nexo standards members here: https://t.co/FG43kTcJ40 https://t.co/2z4f1MSkJn

#Payments #acceptance stakeholders can use our nexo-accredited #test tools & implementation guidelines to ensure interoperability and nexo-compliance throughout a solution’s lifecycle: https://t.co/6Qmw35sjoM https://t.co/bCZESM27yG

Reinventing the Wheel: How LAVEGO AG Brought Innovation to the POS with nexo standards

About LAVEGO AG

LAVEGO AG - Part of Unzer, is an expert in its craft. For over 25 years, the German girocard network provider has been enabling retailers and SMEs to accept card-based payments and benefit from a host of other value-added services. With a tech-led business model, LAVEGO pioneered a Linux-based solution and defined its own host-software and host-protocol back in 1997, before...

nexo standards Annual Report 2020

nexo standards has published its first Annual Report, exploring the technical and organizational evolution of the organization over the past 12 months.

Following a year in which...

Over 5 Billion Payment Transactions Annually Powered by nexo standards

Latest nexo member survey shows growing global adoption of nexo’s standards and protocols

nexo standards Welcomes Chinese Business IoT Vendor Sunmi to its Membership

nexo standards, today announces that it has welcomed business IoT company and payment solution provider, Sunmi , as an Associate Member.

Why nexo ?
Kurt Gjesten
PAN NORDIC CARD ASSOCIATION
Interview