Nexo standards: Extends scope beyond card-based transactions
- Nexo standards is an international non-profit organization, whose headquarter is in Brussels
- Its mission is to unite the players in the payment industry on the definition
- Expanded its scope beyond card-based transactions to support changes in the ways consumers are paying for goods and services
- The freely available technical standards are based on ISO 20022 which addresses the complexity
- Working with an international membership base of acquirers, card schemes, issuers, merchants, processors, and vendors
- The scope expansion agreed at the association’s General Assembly last month
