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 nexo’s 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. nexo’s 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 nexo’s 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 thenexo website.