Posted By Gbaf News
Posted on September 7, 2017
nexo standards, the open, global association dedicated to removing the barriers present in today’s fragmented global card payment acceptance ecosystem, today announces that BNP Paribas, a leader in global banking and financial services, is now offering nexo’s acquirer payment acceptance messaging protocol across 14 European countries.
Implementing nexo standards enables BNP Paribas to serve its merchant customers with a globally harmonised payment acceptance infrastructure. By standardising the exchange of payment acceptance data with its customers, BNP Paribas allows merchants to kiss goodbye to the costly, time-consuming and complex task of managing multiple, incompatible domestic acceptance systems simultaneously.
BNP Paribas will deploy nexo’s acquirer messaging protocol across Germany, Austria, Belgium, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Poland, Portugal, the United Kingdom, Slovenia, and Switzerland.
By implementing nexo standards, all actors in payment acceptance can interoperate seamlessly regardless of location, using an ISO 20022 set of messaging protocols and implementation specifications which put merchants in control of their payments strategies.
Powered by nexo standards: BNP Paribas’ pan-European payment acquisition service
For several years, BNP Paribas has been developing a pan-European payment acquisition service for Visa and Mastercard transactions. This service enables merchants to aggregate their electronic payment flows and deploy a homogeneous solution in all countries, realising significant implementation and operational cost efficiencies as a result. The service also enables the bank to standardise its monitoring and reconciliation procedures, improving the customer experience through a higher degree of customisation. Now, the exchange of payment acceptance data throughout the service is performed using nexo’sopen, and universally applicable messaging protocols.
“nexo and BNP Paribas are demonstrating how the adoption of global payment acceptance standards can greatly facilitate interoperability between different systems worldwide, enabling huge economies of scale,” comments Arnaud Crouzet, General Secretary, nexo standards. “Merchant customers of BNP Paribas can now expand into new territories faster and easier than ever before. They will be able to embrace and roll out new and innovative payment types quickly and reduce the overall cost of managing their payment acceptance dramatically.”
BNP Paribas is increasing its participation in nexo standards, to help raise awareness of the benefits of nexo standards’ protocols among all acceptance stakeholders.
