# nexo standards Welcomes Ten new Members to Growing Membership Base
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2019-01-11
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: nexo standards: Driving Global Card Payment Acceptance
Meta Description: Discover how Nexo Standards is bringing together key payment stakeholders to revolutionise cross-border card payment acceptance and drive industry growth.
URL: https://financedigest.com/nexo-standards-welcomes-ten-new-members-growing-membership-basehtml

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_Payment stakeholders collaborate to drive unified global card payment acceptance_

As nexo standards continues to respond to the expanding needs of the payments market, the association today announces that ten companies have joined its membership base in 2018 to support the growth of fast, borderless and interoperable card payments globally.

NCR, NSPK and UnionPay International have joined the association as Principal Members, while AEVI, Barclaycard, Elavon, FEIG ELECTRONIC, ID Tech, NEPTING and Wirecard have become Associate Members. Additionally, existing member PSD Codax has upgraded to Associate membership level and SIA SPA has upgraded to Principal Member status.

“nexo brings together all players within the payment card [value chain](https://www.financedigest.com/the-potential-impact-of-coronavirus-covid-19-for-riveting-tools-market-revenue-opportunity-forecast-and-value-chain-2021-2028.html "The Potential Impact Of Coronavirus (Covid-19) For Riveting Tools Market Revenue, Opportunity, Forecast And Value Chain 2021-2028") to address and overcome the challenges they face in relation to cross-border card payment acceptance,” comments Arnaud Crouzet, General Secretary, nexo standards. “Our membership, which now totals almost 90 companies located  around the world, helps drive the strategic direction of the association, develops and evolves the nexo messaging protocols and specifications, and collaborates to [share knowledge and expertise to ensure nexo continues to align with evolving industry](https://www.financedigest.com/mycology-immunoassays-testing-market-growth-share-industry-dynamics-top-trends-and-regional-analysis-forecast-to-2027.html "Mycology Immunoassays Testing Market Growth Share, Industry Dynamics, Top Trends and Regional Analysis Forecast to 2027") requirements.”

nexo standards enables fast, interoperable and borderless [card](https://www.financedigest.com/why-latin-america-chose-biometric-authentication-for-payment-cards.html "Why Latin America Chose Biometric Authentication for Payment Cards") payments by standardising the exchange of payment acceptance data between merchants, acquirers, payment service providers and other payment stakeholders. nexo’s messaging protocols and specifications adhere to ISO20022 standards, are universally [applicable and freely available globally](https://www.financedigest.com/industrial-degreaser-market-2022-by-global-key-players-types-applications-countries-industry-size-and-forecast-to-2030.html "Industrial Degreaser Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2030").

Arnaud continues: “While the payments landscape still remains somewhat fragmented, thanks to the dedicated efforts of our members, we have already come a long way in removing some of the barriers obstructing the development of seamless, cross-border [card payment](https://www.financedigest.com/fingerprints-supports-two-more-biometric-payment-card-launches-in-the-mena-region.html "FINGERPRINTS’ SUPPORTS TWO MORE BIOMETRIC PAYMENT CARD LAUNCHES IN THE MENA REGION") acceptance. Our members are fundamental to our continued success and I encourage interested stakeholders to join us as we advance towards a borderless, [secure card payment](https://www.financedigest.com/top-tips-for-securing-softpos-payments.html "Top tips for securing SoftPOS payments") acceptance ecosystem that harnesses the potential of the ISO20022 standard.”

To find out more about becoming a member of nexo standards visit the [nexo website.](http://www.nexo-standards.org/join-us)


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