nexo standards to Launch First Accredited Test Tool

nexo standards to Launch First Accredited Test Tool
08.07.2019 10:47 am

nexo standards to Launch First Accredited Test Tool

Payments

Global industry association, nexo standards, today announces the launch of its first accredited test tool, delivering services in line with its latest nexo Implementation Specification NIS version 4.0 allowing the validation of an Acquirer Host supporting the nexo Acquirer protocol, version 6.0. Payment acceptance stakeholders can now feel confident solutions will interoperate seamlessly with other nexo-compliant players in the field, fast-tracking the ecosystem’s migration to nexo standards protocols.

The tool’s launch responds to the growing global number of nexo standards migration projects and rising demands from stakeholders to ensure and promote the quality and interoperability of solutions. Available to implementers to manage in-house testing during development, ahead of implementation, and once deployed, the tool supports a solution throughout its entire lifecycle and development.

“Deployments of nexo standards protocols have rapidly gathered momentum in recent years, and the organization has reached an exciting, pivotal moment. For our growth to remain successful and sustainable, testing support is fundamental,” comments Claude Brun, Chairman at nexo standards. “We’re proud of what we have delivered to the market: an automated, customizable platform that can promote confidence in implementations prior to launch and throughout future upgrades. But this is just the beginning – we’re committed to delivering testing support across all protocols and empowering members with, quite literally, the tools they need to succeed.” 

Developed by FIS – an international provider of financial services technology and outsourcing services – the nexo standards IS Acquirer test solution includes:

–      nexo standards POI Simulator.

–      Repositories of established test scripts for acquirer testing.

–      A cloud-based nexo test script creation tool.

The tool supports the creation of new test scripts, enabling implementors to innovate freely while still ensuring compliance.

nexo’s messaging protocols and specifications enable fast, interoperable and borderless card payments by standardzing the exchange of payment acceptance data between merchants, acquirers, payment service providers and other payment stakeholders. The protocols and specifications adhere to ISO20022 standards, are universally applicable and freely available globally.

The nexo standards Acquirer protocol standardizes the communication between the POI device and the Acquirer hosts. Utilized by banks, merchants, device manufacturers and payments processors, it helps all stakeholders realize significant efficiencies with a reduced cost of implementation and system management, and delivers seamless interoperability across borders. 

Related News

SumUp raises €330m to accelerate growth

SumUp (sumup.co.uk), announces today that it has raised a €330m facility from Bain Capital Credit, Goldman Sachs... Read more »

Angels Den Funding Selects Lemon Way for UK Payments

Lemon Way, the pan European payment institution, has today been appointed as the UK partner for online investment platform Angels Den Funding.

Lemon Way, who manage... Read more »

Contactless Payments Launching on Manchester's Tram Network

With Transport for Greater Manchester (TfGM) today launching contactless payments on Manchester’s Metrolink tram network, new research commissioned by Visa looking into... Read more »

OpenWay Wins ‘Best Solution Provider for Payment Systems in the Cloud’ Award

OpenWay has been recognized as ‘Best Solution Provider for Payment Systems in the Cloud’ at the ... Read more »

MSTS and SCHERMER Partner to Provide B2C Companies a Path to B2B Buyers

MSTS, a global B2B payment and credit solutions provider, and SCHERMER, a global B2B marketing agency, today announced their 4Business partnership. Together, the B2B payment... Read more »

TransferGo becomes first to offer same day international money transfers on the weekend

TransferGo, one of the world’s fastest growing money transfer companies, today announced that it has launched an ‘extended hours’ service, enabling customers to make same-day... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel