French bank BNP Paribas wants to help merchants “kiss goodbye” the costly, time-consuming and complex task of managing multiple, incompatible domestic acceptance systems.

It plans to accomplish that for merchants in 14 European countries by deploying nexo’s acquirer payment acceptance messaging protocol, reports Paybefore (Banking Technology‘s sister publication).

Nexo standards is a Brussels-based global association “dedicated to removing the barriers present in today’s fragmented global card payment acceptance ecosystem”.

Implementing nexo messaging protocols and specifications, which adhere to ISO 20022 standards, gives BNP Paribas merchant customers a globally harmonised payment acceptance infrastructure.

BNP Paribas will deploy the messaging protocol across Germany, Austria, Belgium, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Poland, Portugal, the UK Slovenia and Switzerland.

The move follows years of the bank’s work to develop a pan-European payment acquisition service for Visa and Mastercard transactions. This service enables merchants to aggregate their electronic payment flows and deploy a homogeneous solution in all countries, realising significant implementation and operational cost efficiencies as a result, according to announcement.

The service also enables the bank to standardise its monitoring and reconciliation procedures, improving the customer experience through a higher degree of customisation. Now, the exchange of payment acceptance data throughout the service is performed using nexo’s open, and universally applicable messaging protocols.

“Nexo and BNP Paribas are demonstrating how the adoption of global payment acceptance standards can greatly facilitate interoperability between different systems worldwide, enabling huge economies of scale,” says Arnaud Crouzet, general secretary, nexo standards.

The implementation will enable BNP Paribas merchant customers to expand into new territories “faster and easier” and to roll out new and innovative payment types quickly, while reducing costs, he adds.


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