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February 20, 2018

nexo standards and FIS sign agreement for globally standardised card payments acceptance

By Briony Richter

nexo standards has announced its agreement with FIS to develop a suite of test tools that will enable vendors, acquirers and processors to test the compliance of their payment systems.

FIS test tools will streamline the way to nexo certification for acquirers and point-of-interaction (POI) device manufacturers, significantly reducing time to service launch, and cutting down unexpected delays during the certification process.

FIS will create the test solution that supports the development and implementation testing of nexo protocols.

Arnaud Crouzet, general secretary, nexo standards, commented: “As implementations of nexo’s card payment acceptance standards gather momentum around the world, the delivery of an all-in-one nexo test suite will empower our stakeholders to get their payments acceptance solutions to market quickly. The suite will help to smooth out the formal certification process and allow alterations and upgrades to be made with ease.

“As the industry increasingly moves towards the adoption of an interoperable payments acceptance infrastructure, this partnership is hugely important; we are committed to supporting the market during this period of transition. As a member of nexo standards, FIS’ in-depth understanding of our protocols makes them the perfect partner to deliver this solution.”

Marie Costers, general manager of Open Test Solutions at FIS, stated: “We embrace the chance to work with game-changing associations such as nexo standards. This partnership is an exciting opportunity for FIS.

“nexo’s protocols deliver real efficiency and convenience to all players in the payments acceptance chain. Being selected as the preferred test tool supplier to speed up this growth is a real honour. We look forward to supporting a harmonised, borderless payment acceptance ecosystem with flexible test solutions.”

 

 

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