Brussels, Belgium and Riverwoods, IL, July 17, 2018 – nexo standards, the international industry association dedicated to enabling fast, interoperable and borderless payments acceptance, today announced that Discover Global Network has joined its membership as a Principal Member.
Discover Global Network, the global payments brand of Discover Financial Services, processes millions of cardholder transactions each day and has alliances with more than 10 payments networks around the world. As a Principal Member of nexo standards, Discover will have the opportunity to participate in the work of nexo technical working groups andcommittees, working alongside other members to ensure that the nexo specifications and protocols address the current needs of the payments industry. Discover will also participate in meetings of the nexo General Assembly and provide input to the strategic direction of the association.
“As a leader in global payments, Discover Global Network works with a wide range of industry partners with an eye toward continuously improving the payment experience,” comments Cheryl Mish, head of global payment standards at Discover Global Network. “We support nexo’s aim to promote the worldwide interoperability of card payments through the use of common standards. In the months ahead, we look forward to working with other nexo standards members to contribute to the nexo specifications and protocols.”
nexo standards works on behalf of all card payment stakeholders to harmonise contact and contactless card payment acceptance globally. nexo standards’ messaging protocols and specifications adhere to ISO20022 standards and are universally available and applicable. The protocols promote interoperability between card acceptance and acquiring solutions.
Arnaud Crouzet, general secretary, nexo standards, adds: “nexo is pleased to welcome Discover Global Network to its growing portfolio of Principal Members. Discover is committed to providing effective solutions that evolve as the requirements of the payments ecosystem change. Discover will bring a wealth of payments experience to help influence the development and implementation of nexo messaging protocols and specifications across Europe, US and worldwide. Our vision of creating a unified global card payments acceptance ecosystem cannot be achieved without engagement from global payment stakeholders like Discover. We look forward to working with Discover to develop our messaging protocols and take further steps towards removing the barriers present in today’s fragmented global card payment acceptance ecosystem.”
nexo is an open, global association dedicated to removing the barriers present in today’s fragmented global card payment acceptance ecosystem. nexo has been the very first organisation to design and develop card payment messages based on ISO 20022. The delivery of universal standard and protocols messages ensure the interoperability of different equipment and payment systems, internationally. Headquartered in Brussels, its members represent the full spectrum of card payments stakeholders, including acceptors, processors, card schemes, payment service providers and vendors. nexo standards was established in 2014, when three historical contributors of card payment standards and specifications were merged: EPASOrg, the OSCar consortium and the CIR SEPA-Fast technical working group.
About Discover Global Network
Discover Global Network, the global payments brand of Discover Financial Services, processes millions of cardholder transactions each day. With industry expertise, innovative technology and a closed-loop infrastructure, Discover Global Network provides effective, customized solutions that evolve as needs change. Discover Global Network has alliances with more than 10 payments networks around the world, and is led by three Discover businesses: Discover network, with millions of retail and cash access locations; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information visit www.discovernetwork.com.