nexo standards, the international association dedicated to enabling fast, interoperable and borderless payments acceptance, today announces that ID TECH has joined its membership.
Founded in 1985, ID TECH is a leading authority on the design and manufacture of point of sale (POS) peripherals and payment terminals, specialising in secure payment solutions for the unattended, mobile and tier two retail sectors.
As an Associate Member, ID TECH will contribute valuable expertise in both POS devices and on-board payment applications, to support the ongoing development of nexos messaging protocols and implementation specifications.
nexo standards enables fast, interoperable and borderless card payments by standardising the exchange of payment acceptance data between merchants, acquirers, payment service providers and other payment stakeholders. nexos messaging protocols and specifications adhere to ISO20022 standards, are universally applicable and freely available globally.
Eric Lecesne, VP of EMV Strategy, ID TECH, comments: ID TECH fully supports nexos mission to harmonise payment acceptance by eradicating fragmentation in the market and creating a unified global card payment acceptance ecosystem through the use of common, open standards. We are focused on making card acceptance standardisation a reality in the unattended payments space; stakeholders in this sector operate in multiple geographies and are challenged by a lack of consistency and interoperability in their POS services. By using nexo standards it is possible to create a payment application that delivers a universally consistent user experience, tailored to the specificities of a particular country.
Arnaud Crouzet, General Secretary, nexo standards, adds: Success in our mission to harmonise card payment acceptance globally relies on our engagement with key payments stakeholders like ID TECH. The company has a well-defined, expert focus on the unattended space which perfectly complements our development work to date. We are delighted to welcome them as a nexo member and to work together to establish a standardised and universally beneficial way to apply ISO20022 to the world of card payment acceptance.
To find out more about becoming a member of nexo standards visit the nexo website.
Notes to Editor
EMV is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.
nexo is an open, global association dedicated to removing the barriers present in todays fragmented global card payment acceptance ecosystem. nexo has been the very first organisation 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.
About ID TECH
ID TECH is a world-recognized leader in the design and manufacture of secure payment solutions, ranging from PCI-certified PIN-entry devices, state-of-the-art contactless/NFC payment devices to EMV and Magstripe readers. For more than 30 years, ID TECH has built a reputation based on technical excellence, innovation, and a commitment to superior customer service. Headquartered in Cypress, California, USA (with additional engineering centers in Fremont, California, Shanghai, China and Taoyuan City, Taiwan), ID TECH is an industry leader in delivering payment solutions across the globe.