Oct. 1, 2018
Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, today announced that its nexo-based payment gateway addressing organised retail merchants received the first market deployment authorisations from the French and Belgium domestic card schemes, GIE CB and Bancontact.
Merchants will be able to accept co-branded cards using the domestic brands, CB in France and Bancontact in Belgium, rather than through the international brands (Visa, Mastercard), and thus reduce their acquiring costs. This is an important milestone for nexo standards and another demonstration of their benefits for retailers.
By adopting nexo standards, retailers can deploy a uniform, harmonised acceptance solution in all their countries of operation. This accelerates their time to market and reduces their implementation, running and maintenance costs. More and more card schemes recognise the level of quality and security of nexo specifications and therefore accept solutions based on nexo standards.
This achievement further demonstrates Ingenico Group’s commitment to delivering state-of-the-art solutions to our merchants based on the nexo standards.’ said Stéphane Jacquis, Senior VP Product, Enterprise Retail at Ingenico Group. ‘Ingenico Group is the only provider to have received a nexo certification (nexo IS v3.2) for its payment gateway to date, and has already deployed it in more than five European countries. We are working with several merchants and other domestic schemes to further extend the geographical and functional scope of our solution in the coming months.
It is a key step for our association,’ said Claude Brun, Chairman of nexo Board of Directors and Chairman of the General Assembly. ‘This demonstrates that nexo standards, collaboratively designed by prominent payment industry players to ensure a high level of security and functionality, represent a unique initiative towards card payment harmonisation for all categories of players and merchants, in Europe and beyond.