Ingenico : and Crédit Mutuel-CM11* Group demonstrate first American Express card acceptance solution on nexo standards

nexo, created from the merger of EPASOrg, Sepa-FAST and the OSCar Consortium, is a global standardization initiative with the mission to design, develop, promote and maintain card payment and cash withdrawal standards, protocols and implementation specifications, following a universal ISO 20022 standardization process. The organization aims at facilitating domestic and cross border payment acceptance and ensuring the interoperability of card payments by offering a coherent set of international standards that can replace those in force in each country. The nexo-FAST standard covers the terminal specifications.

The initiative launched by Ingenico Group, Crédit Mutuel-CM11* Group and American Express demonstrates that a single payment application, compliant with nexo-FAST specifications, can process all EMV bank card transactions, including contact and contactless American Express, and can easily extend the scope of the ongoing deployment projects. Furthermore, this solution could represent an important asset to retailers, as the harmonization of card payment acceptance simplifies and reduces the cost of operating internationally.