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Finextra
a day ago
- Business
- Finextra
12 Years Ago: The First nexo Standards Transaction, a Milestone for European Payments: By Arnaud Crouzet
On June 5, 2013, a major step was taken towards the harmonization of card payments in Europe. I had the privilege of executing the very first live transaction based on the protocols and standards that would become nexo standards, in an Auchan store in Faches-Thumesnil, France, for a symbolic amount of €1. This pioneering moment, realized in partnership with Ingenico and Crédit Mutuel-CIC, under the umbrella of the OSCar consortium, marked the first operational implementation of a universal card payment solution built on SEPA standards. --> First SEPA card transaction – June 5, 2013 – France, using the French CB brand From a Merchant's Vision: Solving Fragmentation in Payments In 2012, I joined the OSCar consortium as the first merchant. Our goal was clear: overcome the fragmentation that plagued international merchants, who had to maintain different payment solutions for each country, leading to operational complexity and significant costs. At the time, the lack of harmonization across card schemes forced merchants to adapt to local protocols, resulting in fragmented acceptance, complex technical setups, and high maintenance costs. For large retailers like Auchan, a standardized, pan-European solution promised major operational efficiencies. The OSCar initiative, backed by key players such as American Express, Visa Europe, Mastercard Europe, GIE CB, Consorzio Bancomat, Ingenico, Verifone, Atos Worldline, and others, aimed to create this breakthrough by combining: SEPA-FAST payment application (common terminal application) payment application (common terminal application) EPAS ISO 20022 Acquirer protocol (standardized POS-to-acquirer communication) From France to Europe: Proving Cross-Border Interoperability Just three months after the first French transaction, the solution was successfully replicated in the Jumbo Paõ de Açucar store in Amoreiras, Lisbon. This second live pilot confirmed the cross-border capabilities of the solution — no local adaptation was required. A single, unified payment application and protocol could now be deployed across different European countries, in line with the SEPA Cards Framework objectives set by the European Payments Council (EPC). The pilot demonstrated: No impact on customer experience: payment remained seamless at checkout. on customer experience: payment remained seamless at checkout. Significant simplification of the technical architecture for merchants. of the technical architecture for merchants. Interoperability across multiple domestic and international card schemes without cobadging constraints. across multiple domestic and international card schemes without cobadging constraints. New opportunities for card issuers to extend their acceptance reach. --> SEPA card transaction – September 30, 2013 – Portugal, using Visa and Mastercard brands A Turning Point for the Entire Payment Ecosystem This milestone had profound implications for all stakeholders: Stakeholder Benefit Merchants Simplified acceptance infrastructure, lower costs, faster innovation, cross-border reach Banks / Acquirers Standardized acquiring infrastructure, reduced integration costs, pan-European services Domestic Card Schemes Extended acceptance without dependency on international brands (e.g., no mandatory cobadging). nexo standards also help domestic schemes to accelerate the deployment of new functionalities, thanks to the native integration of features already available internationally. For example, contactless acceptance and PIN Online have been supported in nexo protocols since the beginning, whereas some countries took over 10 years to roll them out. International Schemes Opportunity to simplify multi-country deployment, foster open competition Solution Providers Ability to offer standardized, scalable, SEPA-compliant solutions. Reduced development and maintenance costs, easier multi-country deployments. A single solution deployable anywhere, for everyone. Consumers Faster, consistent, and secure payment experiences across Europe The open, universal, and standardized approach also allowed merchants and acquirers to anticipate regulatory evolutions, notably around interchange fee regulations, brand choice obligations, and the broader European card payments harmonization agenda. In particular, brand choice — mandated under PSD2 and its Regulatory Technical Standards (RTS) — is natively supported by nexo protocols. Merchants and consumers can select their preferred payment brand on co-badged cards. nexo integrates and configures brand selection flows in full compliance with regulatory obligations and with guidelines from the European Payments Stakeholders Group (EPSG), as specified in the SEPA Cards Standardisation Volume (Book). Furthermore, brand choice is not only a European requirement: nexo standards enable merchants globally to address similar needs wherever brand selection is expected or mandated. nexo Standards: From a Vision to a Global Reality Following these first pilots, the initiative evolved rapidly: EPASOrg transitioned to become nexo standards in 2014 . transitioned to become . The initial protocols were refined, expanded, and formalized into a globally recognized suite of ISO 20022-based standards. nexo protocols have since been adopted by major players across Europe and beyond — not only for card payments but also supporting mobile and QR Code-based payments. They are now evolving to incorporate Instant Payments, and will likely move to integrate the Digital Euro in the future. Key Milestones: Year Evolution 2013 First live transaction (France), Cross-border validation (Portugal) 2014 Formal launch of nexo standards 2016 Publication of nexo Retailer Protocol for POS-to-ECR communication based on ISO20022 2018 Increased adoption in major payment infrastructures 2021 nexo standards began exploratory work on mobile acceptance and SoftPOS integration. 2022 Launch of nexo QR Code initiatives for dynamic merchant-presented QR acceptance 2024 Extension toward Instant Payment use cases 2025 Preparatory study on Digital Euro nexo standards now used by leading retailers, acquirers, and solution providers globally nexo standards protocols are now referenced in European regulatory frameworks and recognized by major payment organizations, reinforcing their position as a global standard for card and payment acceptance interoperability. Looking Ahead: The Open Standard for the Future of Payments Today, nexo standards is an established, open, flexible, and scalable framework. The standards are used in diverse environments, from traditional POS to SoftPOS and e-commerce acceptance. Initiatives are also exploring Instant Payment use cases based on nexo frameworks. It supports: Interoperability across multiple payment types and acceptance environments — including in-store, e-commerce, SoftPOS, cards, mobile, and QR codes. Work is actively underway to integrate Instant Payments use cases . Discussions are also progressing toward the adoption of nexo standards for the future Digital Euro , already recognized by the European Central Bank (ECB) as a key technical framework. across multiple payment types and acceptance environments — including in-store, e-commerce, SoftPOS, cards, mobile, and QR codes. Work is actively underway to . Discussions are also progressing toward the adoption of nexo standards for the , already recognized by the European Central Bank (ECB) as a key technical framework. Future-proofing with ISO 20022 compliance, worldwide migration to this modern structure providing flexibility for new and future services (cards, Instant Payment, CBDC, e-Invoicing, …). with ISO 20022 compliance, worldwide migration to this modern structure providing flexibility for new and future services (cards, Instant Payment, CBDC, e-Invoicing, …). Innovation through standardized, open APIs and cloud-native architectures (in progress) through standardized, open APIs and cloud-native architectures (in progress) Global reach with deployments in Europe, Africa, Americas, Middle East, Australia and Asia By providing a common language for the industry, nexo standards empowers all players — merchants, banks, payment schemes, and technology providers — to build a more connected, efficient, and secure payments ecosystem. Twelve years on, the journey continues — driving payments toward a more open, interoperable, and innovative world. What started with a symbolic €1 transaction has grown into a global movement shaping the future of harmonized, secure, and innovative payments worldwide.
Yahoo
27-03-2025
- Business
- Yahoo
Ingenico launches a new all-in-one integrated POS, the AXIUM CX9000
PARIS, March 27, 2025 /PRNewswire/ -- Ingenico, a global leader in payment acceptance and services, is launching the new AXIUM CX9000, an amazing addition to upgrade your sales experience. This sleek all-in-one cash register provides advanced payment technology into a simple device that handles any retail situation from checkout to inventory management. With modern aesthetics and high performance that enables smooth operations, integrating payments and ECR services, this device allows integrated sales, payment, and any business services as inventory management. Besides, the fact that it is a compact all-in-one device will make you save counter space while speeding up checkout times to improve customer satisfaction and ensure a seamless experience. Based on the Android 14 platform, the AXIUM CX9000 also provides flexibility and integrated payment security thanks to its PCI certification and EMV V3 compliance. It also offers plug-and-play with minimal setup and a user-friendly interface, making it easy to use, install, integrate and manage. Its easy customer tool integration could provide loyalty programs, digital receipts, and CRM tools for the best customer experience, as well as optional accessories including printer, cash drawer and bar code scanner. For the retail industry, the AXIUM CX9000 is a great addition as it is a checkout POS solution with all essential tools in one system, which supports third-party ECR apps. It is equipped with a dual display: featuring a 15.6" touchscreen with an Open Android that is GMS (Google Mobile Services) certified, as well as a second 8" customer-facing screen to facilitate payment and interaction at checkout, which is built to last and inspire infinite possibilities. Ingenico is here to help its customers to simplify the POS solution and its payment integration with its partners' ecosystem. Vincent Fillaud, Head of Accept Solutions at Ingenico, commented: "We are excited by the possibilities that the new AXIUM CX9000 provides for merchants. Not only does it leverage Ingenico's advanced payments technology, but it also offers a fast checkout experience, delivering a fully integrated solution answering to merchant needs in all aspects of their activity, round the clock." Learn more about the new AXIUM CX9000 solution here: ABOUT INGENICO Ingenico is the global leader in payment acceptance and services. We support our customers, and their customers to do more with payments. Active in 32 countries, with over 3,300 employees we have been at the forefront of the commerce landscape for over four decades. With more than 40 million payment devices deployed worldwide, powered by over 2,500 apps, the company is servicing the needs of millions of consumers every day. Through our advanced integrated solutions and network of partnerships, we simplify the world of payments and bring value added services to move commerce forward. FOLLOW US LinkedIn: View original content to download multimedia: SOURCE Ingenico Sign in to access your portfolio
