Nexo, the association set up to develop and promote open standards for card payments, has announced the findings of a study that explores the benefits of harmonising card payment acceptance for Europe’s leading retailers.
‘Understanding the Benefits of Adopting nexo Standards’ is based on research paper carried out for nexo by Edgar, Dunn & Company. The paper draws on the experiences of retailers (including grocery retailer Groupe Auchan, supermarket chain Colruyt Group and Total, the petroleum retailer) in implementing nexo standards governing card payment acceptance.
Endorsed by ISO 20022, the nexo standards offer a single, global set of standards for card payment acceptance, to replace the card payment standards and protocols of individual European countries.
Download the presentation and white paper here – available in English and French