Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

HPS’ POWERCARD POWERS UP WITH NEXO STANDARDS

HPS’ POWERCARD POWERS UP WITH NEXO STANDARDS

HPS’ PowerCARD platform poised to implement nexo standards to overhaul existing payments systems 

nexo standards, the global industry association dedicated to enabling fast, interoperable and borderless payments acceptance, today announces that HPS, a leading payment software company, has deployed nexo’s protocols across its PowerCARD suite of solutions. By implementing nexo’s standards, HPS is flying the flag for a fundamental shift towards interoperability in the international payments ecosystem, lighting the way for other fintech forerunners to follow.

With over 350 customers across 85 countries worldwide, HPS has gained a reputation as a trailblazer in enabling innovative payments technology. HPS’ PowerCARD platform can process any card type via any channel covering the entire payment value chain. Implementing nexo’s card payment acceptance messaging protocols and specifications with the PowerCARD platform will allow HPS to offer a significant cost saving to its customers by removing the current need to create individual payment infrastructures for every country in which they operate. Instead, they will have just one globally interoperable infrastructure.

By implementing nexo standards, all actors in the payments acceptance chain can interoperate seamlessly regardless of location. This interoperation uses an ISO 20022 set of messaging protocols and implementation specifications designed to put merchants in control of their payment strategies.

“In today’s age of globalisation, many companies worldwide now have a requirement to manage, process and accept card payment transactions from multiple countries,” comments Philippe Vigand, Deputy Managing Director, HPS. “As each country has its own unique domestic payment standards and protocols we have seen an increasing need from our customers for a standardised and harmonised way to exchange payment data across borders. We are delighted to confirm that by Q3 2017, the PowerCARD platform will have the nexo protocols available.”

Initial deployment of the nexo protocols is planned for the Switching, Pre-acquiring and Acquiring solutions of PowerCARD, with roll out to the remaining solutions planned for Q1 2018.

“nexo standards was created to meet the growing requirement for interoperability in global payment acceptance,” adds Arnaud Crouzet, General Secretary, nexo standards. “HPS has been a valued member of nexo since 2016 and it is great to see that our specifications and protocols have been deployed on the popular PowerCARD platform, which is used by many financial institutions globally.”

For further information on nexo standards, please visit www.nexo-standards.org

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post