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‘nexo’ to lead card payment standardisation
17 February 2015

EPASOrg A.I.S.B.L, the OSCar Consortium and the CIR Working Group have decided to join forces to create ‘nexo A.I.S.B.L.’, an international non-profit association based in Brussels, which will replace the former EPASOrg organisation.

The purpose of this enlarged structure is to deliver state-of-the-art standards addressing the requirements of the international card payment market. The new structure will leverage the strong assets already developed by the three international initiatives; namely the EPAS protocols, the SEPA Fast and OSCar Interface (OIS) specifications.

nexo will promote the global interoperability and efficient implementation of those standards and specifications in the field of card payments and cash withdrawals. This initiative will benefit to all card payment actors, namely merchants by simplifying the domestic and cross border payment acceptance of the card. It will reduce costs and foster the quality of service, competition and innovation in the payments industry.