Payments On Fire

Listen to George and Jacques Soussana, General Secretary, of nexo Standards, an organization based in Europe with global goals to establish interoperability of hardware, software, and data across the point of sale and e-commerce domains. Interoperability in a Complex Ecosystem The payments industry is in a period of especially swift change. New methods of payment, new payment systems, new ways to initiate a purchase. Innovation can be wonderful, improving convenience, speed, and reliability. But there is a downsides to all of this creativity: Interoperability. Connecting disparate systems is technically challenging and faces business questions such as “what's the ROI on connecting to yet another system?” Today interoperability may be difficult or impossible by design. Payment methods stood up by individual companies often remain closed or must rely on other payment systems to actually move transactions. In what is an increasingly integrated world with payments as an embedded experience, interoperability chall