#Nexo Standards Nexo-based standard Nexo specification standards
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What are 3 real world uses of hydrogen?
Hydrogen Uses
The following list contains three real-world uses for hydrogen, along with details on their potential for growth, use cases, and supporting evidence.
Hydrogen Fuel Cell Vehicles:
Automobiles that run on gasoline or diesel can be replaced by fuel cell vehicles (FCVs) fuelled by hydrogen. Vehicle electric motors in fuel cell vehicles (FCVs) are powered by electricity generated from hydrogen. These vehicles are suitable for use in public transportation, private fleets, and business fleets because they emit zero emissions.
Growth Opportunities: A significant contributor to greenhouse gas emissions is the transportation sector. Hydrogen fuel cell vehicles (FCVs) offer a practical means of lowering carbon emissions because they have no exhaust emissions. It is projected that the global market for hydrogen fuel cell vehicles would expand significantly in the next years.
Use Cases: Fuel cells that run on hydrogen (FCVs) generate energy through a chemical reaction, which powers electric motors. These automobiles have faster refueling times and more range between charges than battery-electric vehicles. The Hyundai Nexo and Toyota Mirai are two examples of commercially available hydrogen fuel cell cars, or FCVs.
Statistics: As of 2021, there were over 10,000 hydrogen fuel cell vehicles (FCVs) in operation globally. Japan is setting the standard for FCV adoption, with the US, Korea, and Germany following closely behind. Significant investments in hydrogen infrastructure and vehicle development are also being made by governments and automakers, demonstrating their strong commitment to the growth of hydrogen fuel cell vehicles (FCVs).
Hydrogen has several real world uses across various industries.
Hydrogen Industrial Applications:
Hydrogen is a common constituent in a wide range of industrial operations. Here are a few specific examples:
Ammonia Production: The Haber-Bosch process, which uses hydrogen to combine nitrogen and hydrogen, produces ammonia, which is mostly used in the production of fertilizer.
Refineries: Hydrogen is used in refineries to remove impurities from petroleum-based goods like diesel and gasoline.
Chemical Industry: Hydrogen is essential to the synthesis of methanol, which is a feedstock for many other chemicals and fuels. It is also used to generate other chemicals, like hydrogen peroxide and hydrochloric acid.
Growth Opportunities: Hydrogen is expected to see an increase in demand due to decarbonization efforts because of its numerous industrial applications. To make methanol, ammonia, and other chemicals, for instance, the chemical industry uses hydrogen. In 2030, the global hydrogen market is predicted to grow at a 5-8% annual rate, according to a McKinsey research, and reach $300 billion.
Use Cases: Hydrogen is a necessary starting ingredient for the production of ammonia, which is mostly used to create fertilizers. Moreover, food, electronics, glass, and metal are processed using hydrogen. It is also used in the refining of oil.
Statistics: As of 2021, more than 60% of the hydrogen required worldwide came from the industrial sector. The production of ammonia alone uses almost half of the hydrogen that is accessible globally.
Hydrogen - Renewable Energy Storage:
Hydrogen is used to store excess renewable energy generation. The process involves converting surplus electricity from renewable energy sources, such as solar or wind power, into hydrogen via electrolysis. The produced hydrogen can be stored and utilized at a later time for a number of uses.
Power Generation: Hydrogen can be utilized in turbines or converted back into power using fuel cells in times when the output of renewable energy is restricted.
Heating: Hydrogen can be used as a fuel for both residential and commercial heating.
Transportation: Fuel that runs on hydrogen can be used to power hydrogen-powered vehicles, including buses, trucks, trains, and cars.
Growth Opportunities: Because renewable energy sources like solar and wind power are intermittent, the grid needs efficient energy storage options. Hydrogen can be used as an energy storage medium to store and consume a lot of renewable energy. According to a report released by Global Market Insights, the global market for green hydrogen is projected to develop at a compound annual growth rate (CAGR) of over 30% in 2021.
Use Cases: Hydrogen can be manufactured via electrolysis from excess electricity generated by renewable sources. The produced hydrogen can be stored and used as fuel for heating, electricity generation, or transportation when the output of renewable energy is low. Decarbonization helps many industries and results in a more sustainable energy system.
Statistics: As of 2021, more than 500 MW of power-to-hydrogen projects had been installed worldwide, with a significant portion of those projects being used for storage of renewable energy. Among the countries that have led the way in putting large-scale power-to-hydrogen projects into action are Germany, Australia, and the Netherlands. Transport, industry, and renewable energy storage are just a few of the uses and expansion opportunities for hydrogen that these images demonstrate. Going forward, the increasing focus on decarbonization and the transition to sustainable energy sources are expected to propel the demand for hydrogen.
Read More- https://www.marketsandmarkets.com/industry-practice/hydrogen/real-world-uses-hydrogen
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Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
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Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our experience and expertise cover the following Nexo expected requirements:
Nexo Fast
EMV Compliant: Accept all payment cards which are compliant with EMV specifications.
Protocol Independent: Work with various Acquirers, TMS, ECR or Retailer protocols.
Multiple Acquirer: Designed as multi-acquirer payment application.
Secure: Terminal data storage and access limited to the data required for specific task.
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify Nexo Fast with Nexo body or recommended 3rd party certification and security companies.
Nexo Acquirer
Follow worldwide accepted Nexo-based standard APIs for acquiring.
Non-proprietary common protocol
Multiple-acquiring support and enforcement
Transboundary compliance
Arbiter Agent to Acquirer support
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify the Nexo Acquirer with Nexo body or recommended 3rd party certification and security companies.
Nexo Retail
Establish a clear separation between two software applications which reside on a point of sale terminal.
Records customer sale and payment application that handles the processing of a card transaction.
Both applications share cash register peripherals such as printers, displays and card readers.
Implements the protocol that allows a sale system to request a payment system to process the payment associated to the purchase of goods or services.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo Retail with Nexo body or recommended 3rd party certification and security companies.
Nexo TMS
Centralization -Ensure all the POI devices are connected to the Acquirer be supervised by TMS.
Interoperability - POI follow the same application and protocol.
Realtime Update - The Acquirer has real time information of each POI.
Quick update processing - Monitor and validate all the versioning of the POI modules or applications at once.
Interchangeability - Without having to bother much about the integration process, the Acquirer has the provision to change any POI with another.
Interbankability – Making it easy to change an acquirer associated with the POIs.
Upscalability - The connectivity of POI could be added/changed seamlessly.
Connectivity – Allow the POI to be grouped based on Merchants, Stores, Region.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo TMS with Nexo body or recommended 3rd party certification and security companies.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
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Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our experience and expertise cover the following Nexo expected requirements:
Nexo Fast
EMV Compliant: Accept all payment cards which are compliant with EMV specifications.
Protocol Independent: Work with various Acquirers, TMS, ECR or Retailer protocols.
Multiple Acquirer: Designed as multi-acquirer payment application.
Secure: Terminal data storage and access limited to the data required for specific task.
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify Nexo Fast with Nexo body or recommended 3rd party certification and security companies.
Nexo Acquirer
Follow worldwide accepted Nexo-based standard APIs for acquiring.
Non-proprietary common protocol
Multiple-acquiring support and enforcement
Transboundary compliance
Arbiter Agent to Acquirer support
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify the Nexo Acquirer with Nexo body or recommended 3rd party certification and security companies.
Nexo Retail
Establish a clear separation between two software applications which reside on a point of sale terminal.
Records customer sale and payment application that handles the processing of a card transaction.
Both applications share cash register peripherals such as printers, displays and card readers.
Implements the protocol that allows a sale system to request a payment system to process the payment associated to the purchase of goods or services.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo Retail with Nexo body or recommended 3rd party certification and security companies.
Nexo TMS
Centralization -Ensure all the POI devices are connected to the Acquirer be supervised by TMS.
Interoperability - POI follow the same application and protocol.
Realtime Update - The Acquirer has real time information of each POI.
Quick update processing - Monitor and validate all the versioning of the POI modules or applications at once.
Interchangeability - Without having to bother much about the integration process, the Acquirer has the provision to change any POI with another.
Interbankability – Making it easy to change an acquirer associated with the POIs.
Upscalability - The connectivity of POI could be added/changed seamlessly.
Connectivity – Allow the POI to be grouped based on Merchants, Stores, Region.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo TMS with Nexo body or recommended 3rd party certification and security companies.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
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It’s a busy start of the year for Hyundai. The South Korean company introduced a hydrogen-powered crossover named Nexo at the 2018 Consumer Electronics Show, and it flew straight to Detroit to unveil the all-new, second-generation Veloster. Before you ask: yes, it’s still asymmetrical.
The Veloster’s overall proportions don’t change much; they’re a big part of what makes the model stand out. It still has two doors on the passenger side and only one on the driver’s side. The front end is sharper and more mature-looking, and it falls in line with the company’s recent design language. It doesn’t take a well-trained eye to connect the dots labeled i30 and Veloster, respectively. The rear window is short and wide, as it always has been, and the chiseled tail lamps are still positioned higher up.
Designers in charge of the interior put an emphasis on connectivity and user-friendly technology. Hyundai’s Blue Link comes standard. It lets owners download a purpose-designed application to start the car remotely, set the climate control, lock or unlock the car, and locate it in a parking garage.
At launch, the lineup will include three models named Veloster, Veloster Turbo, and Veloster N, respectively. The base model uses a naturally aspirated, 2.0-liter four-cylinder engine that runs on the Atkinson cycle. It generates 147 horsepower at 6,200 rpm and 132 pound-feet of torque at 4,500 rpm. Front-wheel drive comes standard, and buyers can choose between a six-speed manual transmission and a six-speed automatic.
There’s a turbocharged 1.6-liter four-cylinder on the next rung up in the ladder. The midrange offering makes 201 hp at 6,000 rpm and 195 lb-ft. of torque from 1,500 to 4,500 rpm. The base model’s six-speed manual transmission carries over, but the optional unit is a seven-speed dual-clutch automatic. Front-wheel drive is, again, the only configuration offered, though all Veloster models come with torque vectoring.
The Veloster introduces Hyundai’s performance-oriented N sub-brand too. Like the i30 N sold in the UK, Veloster N models gets an evolution of the Turbo’s 2.0-liter tweaked to pump out 275 hp and 260 lb-ft. of torque between 1,450 and 4,700 rpm. Hyundai hasn’t released performance specifications, but we know the Veloster N benefits from bigger brakes and a model-specific suspension system. It’s the hot-rodded handling champ of the Veloster family.
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Source: Digital Trends
The New Hyundai Veloster 'N' Performance Variant Is Here! It’s a busy start of the year for Hyundai. The South Korean company introduced a hydrogen-powered crossover named Nexo at the 2018 Consumer Electronics Show, and it flew straight to Detroit to unveil the all-new, second-generation Veloster.
#2018#2019#announcement#Autocar#Changes#Consumer#Electrics#Hyundai#N#New#news#Performance#Show#Sport#Technology#Travel#Veloster
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Safest new cars of 2020 awarded by IIHS
Safety first.
A solid rule for the road, and one the IIHS Top Safety Picks can steer you toward.
The Insurance Institute for Highway Safety has released its annual list of best-performing new cars based on updated criteria that prioritize protection for pedestrians as well as vehicle occupants.
Sixty-four vehicles – all 2020 model-year cars and SUVs – are split across Top Safety Pick and Top Safety Pick+ awards. To qualify, each must have good ratings in crashworthiness evaluations; good or acceptable headlights, and available front crash prevention with an advanced to superior rating.
The Mazda CX-5 is one of the safest small SUVs around. Credit: Mazda/Newspress USA
Most attention goes to 23 models achieving the higher Top Safety Pick+ accreditation, for which good or acceptable headlights are standard rather than available.
Good visibility is key to avoiding crashes in the dark, emphasizes the IIHS, and the awards criteria make it easier for consumers to find the right lights.
As you read through the winners that follow, bear in mind these awards reflect the safest vehicles within specific size categories.
“Larger, heavier vehicles generally afford more protection than smaller, lighter ones,” says IIHS. “Thus, a small car that qualifies for an award might not protect its occupants as well as a bigger vehicle that doesn’t earn the award.”
Top Safety Pick+ winners
Small cars
Honda Insight, 4-door sedan
Mazda 3, 4-door hatchback
Mazda 3, 4-door sedan
Subaru Crosstrek Hybrid, 4-door wagon
Midsize cars
Mazda 6, 4-door sedan
Nissan Maxima, 4-door sedan
Subaru Legacy, 4-door sedan
Subaru Outback, 4-door wagon
Toyota Camry, 4-door sedan
Midsize luxury cars
Lexus ES 350, 4-door sedan
Mercedes-Benz C-Class, 4-door sedan (with optional front crash prevention)
Tesla Model 3, 4-door sedan
Large luxury cars
Audi A6, 4-door sedan
Genesis G70, 4-door sedan (only vehicles build after December 2019)
Genesis G80, 4-door sedan
Small SUVs
Mazda CX-3, 4-door
Mazda CX-5, 4-door (with optional front crash prevention)
Subaru Forester, 4-door
Midsize luxury SUVs
Acura RDX, 4-door
Cadillac XT6, 4-door (only vehicles build after October 2019)
Hyundai Nexo, 4-door
Lexus NX, 4-door
Mercedes-Benz GLE-Class, 4-door (with optional front crash prevention; only vehicles build after July 2019)
Top Safety Pick winners
Each vehicle was chosen with specific headlights.
Small cars
Honda Civic, 2-door coupe
Honda Civic, 4-door hatchback (does not apply to Type R)
Honda Civic, 4-door sedan
Hyundai Elantra, 4-door sedan (with optional front crash prevention)
Hyundai Elantra GT, 4-door hatchback (with optional front crash prevention)
Hyundai Veloster, 2-door hatchback (with optional front crash prevention)
Kia Forte, 4-door sedan (with optional front crash prevention)
Kia Soul, 4-door wagon (with optional front crash prevention)
Subaru Crosstrek, 4-door wagon (with optional front crash prevention)
Subaru Impreza, 4-door sedan (with optional front crash prevention)
Subaru Impreza, 4-door wagon (with optional front crash prevention)
Subaru WRX, 4-door sedan (with optional front crash prevention)
Toyota Corolla, 4-door hatchback
Toyota Corolla, 4-door sedan
Midsize cars
Honda Accord, 4-door sedan
Hyundai Sonata, 4-door sedan
Nissan Altima, 4-door sedan (with optional front crash prevention)
Midsize luxury cars
BMW 3 series, 4-door sedan
Volvo S60, 4-door
Large cars
Kia Stinger, 4-door hatchback (with optional front crash prevention)
Large luxury cars
Audi A7, 4-door hatchback
Small SUVs
Chevrolet Equinox, 4-door
Ford Escape, 4-door
Honda CR-V, 4-door
Hyundai Kona, 4-door (with optional front crash prevention)
Hyundai Tucson, 4-door (with optional front crash prevention)
Kia Sportage, 4-door
Lexus UX, 4-door
Lincoln Corsair, 4-door
Toyota RAV4, 4-door
Volvo XC40, 4-door
Midsize SUVs
Ford Edge, 4-door
Hyundai Palisade, 4-door
Hyundai Santa Fe, 4-door
Kia Sorento, 4-door (with optional front crash prevention)
Kia Telluride, 4-door
Mazda CX-9, 4-door (with optional front crash prevention)
Subaru Ascent, 4-door
Volkswagen Tiguan, 4-door
Midsize luxury SUVs
Lexus RX, 4-door
Large SUVs
Audi Q8, 4-door
For further information about these vehicles, visit iihs.org.
The post Safest new cars of 2020 awarded by IIHS appeared first on RoadLoans.
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New Post has been published on Payment-Providers.com
New Post has been published on https://payment-providers.com/nexo-standards-welcomes-ten-new-members/
Nexo Standards welcomes ten new members
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 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 requirements.”
nexo standards enables fast, interoperable and borderless card 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.
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 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 acceptance ecosystem that harnesses the potential of the ISO20022 standard.”
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This content is contributed or sourced from third parties but has been subject to Finextra editorial review.
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Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
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Girmiti Software- NEXO Certification Solutions
Girmiti is a registered member with Nexo, a fast-emerging global interoperability payment acceptance standard.
Girmiti has partnered with NEXO to ensure every customer who wants to be Nexo compliant meets the highest quality, performance, standards, and a cost-effective solution
Nexo interoperability payment acceptance system comprises primarily Nexo Retail, Nexo FAST, Nexo Acquirer, and nexo TMS. We are actively involved in developing the standards, building the platforms based on these standards.
Girmiti has built an accredited Nexo Automated test tool that aids the customer's payment solutions in meeting the Nexo standards and specifications.
We develop test plans, and comprehensive test cases and execute complete suite to ensure the compliance of acceptance payment solutions per defined Nexo standards and to go to market in the least time.
With this expertise, Girmiti is in a position to help our customers in certifying their terminals/devices and payment solutions in order to be compliant with the Nexo standards and specifications.
To know more,
Visit: https://girmiti.com/nexo_certification.html
Mail Us: [email protected]
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Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
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Crypto-to-Money Lending is Growing Somewhat Well-Liked This Present Day
New Post has been published on https://vipcryptosignals.com/bitcoin/crypto-to-money-lending-is-growing-somewhat-well-liked-this-present-day/
Crypto-to-Money Lending is Growing Somewhat Well-Liked This Present Day
Over the past 12 months, cryptocurrency-subsidized lending has grown very talked-about with firms like Salt Lending, and Unchained Capital seeking to capture a work of this emerging trade. Tasks like Salt Lending have issued thousands and thousands value of crypto-backed loans up to now and the teams behind those digital currency operations believe crypto-to-cash lending goes to be a beautiful massive deal within the long term. Moreover, this week a company called Nexo additionally plans to provide a digital forex for money lending platform and raised $50Mn USD in capital from challenge capitalists like the Techcrunch founder Michael Arrington.
Additionally read: Six Alternatives to Telegram for Cryptocurrency Communities
The Crypto-to-Cash Phenomenon
A New trade type has shaped recently called crypto-to-cash lending and this new financial sector is rising exponentially. The phenomenon follows the trendy upward thrust in contemporary years of peer-to-peer lending offered by way of financial giants just like the Lending Club. At The Moment there are a few operations which can be trying to break the mildew while it comes to this type of lending with projects corresponding to Unchained Capital and Salt Lending taking the lead.
Then there is a brand new startup referred to as Nexo that plans to supply crypto-infused wireless credit to borrowers without the need for credit tests. VCs like the Techcrunch founder Michael Arrington, and others just lately pumped $50Mn into Nexo and the corporate has a security partnership with Bitgo. Nexo believes it is going to be the first company to supply instant crypto-sponsored loans because it states on its web site:
Don’t promote your crypto — Don’t lose the upside potential — Get an instant crypto-subsidized Loan from Nexo.
Two Lending Initiatives Seeking To Make a Mark within the Crypto-Lending Industry
Unchained Capital
Unchained Capital is a company that offers money loans to companies and individuals who provide Bitcoin Core (BTC) as collateral. the company believes cryptocurrency holders desire a approach to borrow against their virtual property with out selling them. Unchain Capital’s interest rates are between 12.5-14 p.c APR and finances are stressed out to a bank account of the customers choosing. Shoppers make per month bills at the loan and once the credit is paid in complete collateral will likely be reimbursed. Additionally, people can borrow as much as $1Mn with out a credit check and the ratio of loan appropriation is 50 %.
If the worth of the collateral drops through 25 % Unchained Capital will request more capital. If the virtual asset dips below the 45 p.c area the company can repossess the capital to get well any lost predominant and hobby. Unchained Capital loans USD to American residents and businesses with options to resume a mortgage whilst it comes to time period. Each individuals and businesses may want to utilize a loan for tax savings as borrowing removes the desire to pay capital profits.
Salt Lending
Then there is any other software called, Salt Lending, a blockchain-backed loan application constructed on top of the Ethereum network. SALT tokens are comprised of the ERC-20 branch. The Salt Lending platform is extra peer-to-peer than Unchained Capital because it lends finances from a big crew of Salt creditors. The venture has won a lot of attention and has lent over $40Mn USD price of digital forex loans since the challenge’s inception. Additional, the Salt Lending platform has accumulated over SIXTY FIVE,000 members in less than a yr. similar to Unchained Capital as soon as a loan is paid back at the Salt Lending platform then a borrower can obtain their cryptocurrency once more.
in line with Salt underneath Regulation D of 17 CFR § 230.501 et seq., all creditors are accepted buyers who’ve handed a “lending suitability check.” There are various techniques a lender will participate with the Salt Lending machine and loans are processed the usage of traditional monetary markets. Salt users can borrow budget among $10,000 and $1,000,000 and no credit score check is needed.
A Brand New Peer-to-Peer Lending Economy Emerges
Crypto-to-cash lending has been a trending industry style on this business for smartly over a year and there are different systems attempting identical ventures like Coinloan, Othera, Ethlend, and Everex. The Popularity of this kind of business is growing because of the various advantages loans like those offer akin to lending with out credit assessments, and the power to obtain fiat primarily based off crypto reserves without paying capital profits. It’s most likely there will probably be so much more startups trying to input this market because the Crypto-to-money lending economic system is growing vibrant.
What do you think approximately cryptocurrency lending projects? let us understand your emotions in this matter within the feedback below.
Images via Shutterstock, Salt Lending, Nexo, and Unchained Capital.
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Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our experience and expertise cover the following Nexo expected requirements:
Nexo Fast
EMV Compliant: Accept all payment cards which are compliant with EMV specifications.
Protocol Independent: Work with various Acquirers, TMS, ECR or Retailer protocols.
Multiple Acquirer: Designed as multi-acquirer payment application.
Secure: Terminal data storage and access limited to the data required for specific task.
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify Nexo Fast with Nexo body or recommended 3rd party certification and security companies.
Nexo Acquirer
Follow worldwide accepted Nexo-based standard APIs for acquiring.
Non-proprietary common protocol
Multiple-acquiring support and enforcement
Transboundary compliance
Arbiter Agent to Acquirer support
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify the Nexo Acquirer with Nexo body or recommended 3rd party certification and security companies.
Nexo Retail
Establish a clear separation between two software applications which reside on a point of sale terminal.
Records customer sale and payment application that handles the processing of a card transaction.
Both applications share cash register peripherals such as printers, displays and card readers.
Implements the protocol that allows a sale system to request a payment system to process the payment associated to the purchase of goods or services.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo Retail with Nexo body or recommended 3rd party certification and security companies.
Nexo TMS
Centralization -Ensure all the POI devices are connected to the Acquirer be supervised by TMS.
Interoperability - POI follow the same application and protocol.
Realtime Update - The Acquirer has real time information of each POI.
Quick update processing - Monitor and validate all the versioning of the POI modules or applications at once.
Interchangeability - Without having to bother much about the integration process, the Acquirer has the provision to change any POI with another.
Interbankability – Making it easy to change an acquirer associated with the POIs.
Upscalability - The connectivity of POI could be added/changed seamlessly.
Connectivity – Allow the POI to be grouped based on Merchants, Stores, Region.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo TMS with Nexo body or recommended 3rd party certification and security companies.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
0 notes
Text
Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our experience and expertise cover the following Nexo expected requirements:
Nexo Fast
EMV Compliant: Accept all payment cards which are compliant with EMV specifications.
Protocol Independent: Work with various Acquirers, TMS, ECR or Retailer protocols.
Multiple Acquirer: Designed as multi-acquirer payment application.
Secure: Terminal data storage and access limited to the data required for specific task.
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify Nexo Fast with Nexo body or recommended 3rd party certification and security companies.
Nexo Acquirer
Follow worldwide accepted Nexo-based standard APIs for acquiring.
Non-proprietary common protocol
Multiple-acquiring support and enforcement
Transboundary compliance
Arbiter Agent to Acquirer support
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify the Nexo Acquirer with Nexo body or recommended 3rd party certification and security companies.
Nexo Retail
Establish a clear separation between two software applications which reside on a point of sale terminal.
Records customer sale and payment application that handles the processing of a card transaction.
Both applications share cash register peripherals such as printers, displays and card readers.
Implements the protocol that allows a sale system to request a payment system to process the payment associated to the purchase of goods or services.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo Retail with Nexo body or recommended 3rd party certification and security companies.
Nexo TMS
Centralization -Ensure all the POI devices are connected to the Acquirer be supervised by TMS.
Interoperability - POI follow the same application and protocol.
Realtime Update - The Acquirer has real time information of each POI.
Quick update processing - Monitor and validate all the versioning of the POI modules or applications at once.
Interchangeability - Without having to bother much about the integration process, the Acquirer has the provision to change any POI with another.
Interbankability – Making it easy to change an acquirer associated with the POIs.
Upscalability - The connectivity of POI could be added/changed seamlessly.
Connectivity – Allow the POI to be grouped based on Merchants, Stores, Region.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo TMS with Nexo body or recommended 3rd party certification and security companies.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
0 notes
Text
Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our experience and expertise cover the following Nexo expected requirements:
Nexo Fast
EMV Compliant: Accept all payment cards which are compliant with EMV specifications.
Protocol Independent: Work with various Acquirers, TMS, ECR or Retailer protocols.
Multiple Acquirer: Designed as multi-acquirer payment application.
Secure: Terminal data storage and access limited to the data required for specific task.
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify Nexo Fast with Nexo body or recommended 3rd party certification and security companies.
Nexo Acquirer
Follow worldwide accepted Nexo-based standard APIs for acquiring.
Non-proprietary common protocol
Multiple-acquiring support and enforcement
Transboundary compliance
Arbiter Agent to Acquirer support
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify the Nexo Acquirer with Nexo body or recommended 3rd party certification and security companies.
Nexo Retail
Establish a clear separation between two software applications which reside on a point of sale terminal.
Records customer sale and payment application that handles the processing of a card transaction.
Both applications share cash register peripherals such as printers, displays and card readers.
Implements the protocol that allows a sale system to request a payment system to process the payment associated to the purchase of goods or services.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo Retail with Nexo body or recommended 3rd party certification and security companies.
Nexo TMS
Centralization -Ensure all the POI devices are connected to the Acquirer be supervised by TMS.
Interoperability - POI follow the same application and protocol.
Realtime Update - The Acquirer has real time information of each POI.
Quick update processing - Monitor and validate all the versioning of the POI modules or applications at once.
Interchangeability - Without having to bother much about the integration process, the Acquirer has the provision to change any POI with another.
Interbankability – Making it easy to change an acquirer associated with the POIs.
Upscalability - The connectivity of POI could be added/changed seamlessly.
Connectivity – Allow the POI to be grouped based on Merchants, Stores, Region.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo TMS with Nexo body or recommended 3rd party certification and security companies.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
0 notes
Text
Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our experience and expertise cover the following Nexo expected requirements:
Nexo Fast
EMV Compliant: Accept all payment cards which are compliant with EMV specifications.
Protocol Independent: Work with various Acquirers, TMS, ECR or Retailer protocols.
Multiple Acquirer: Designed as multi-acquirer payment application.
Secure: Terminal data storage and access limited to the data required for specific task.
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify Nexo Fast with Nexo body or recommended 3rd party certification and security companies.
Nexo Acquirer
Follow worldwide accepted Nexo-based standard APIs for acquiring.
Non-proprietary common protocol
Multiple-acquiring support and enforcement
Transboundary compliance
Arbiter Agent to Acquirer support
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify the Nexo Acquirer with Nexo body or recommended 3rd party certification and security companies.
Nexo Retail
Establish a clear separation between two software applications which reside on a point of sale terminal.
Records customer sale and payment application that handles the processing of a card transaction.
Both applications share cash register peripherals such as printers, displays and card readers.
Implements the protocol that allows a sale system to request a payment system to process the payment associated to the purchase of goods or services.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo Retail with Nexo body or recommended 3rd party certification and security companies.
Nexo TMS
Centralization -Ensure all the POI devices are connected to the Acquirer be supervised by TMS.
Interoperability - POI follow the same application and protocol.
Realtime Update - The Acquirer has real time information of each POI.
Quick update processing - Monitor and validate all the versioning of the POI modules or applications at once.
Interchangeability - Without having to bother much about the integration process, the Acquirer has the provision to change any POI with another.
Interbankability – Making it easy to change an acquirer associated with the POIs.
Upscalability - The connectivity of POI could be added/changed seamlessly.
Connectivity – Allow the POI to be grouped based on Merchants, Stores, Region.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo TMS with Nexo body or recommended 3rd party certification and security companies.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
0 notes
Text
Girmiti Software, Nexo Standards & Specifications, Nexo Standard
Girmiti team has in-depth understanding, field experience in architecture, design, developing, testing, automating and supporting various facets of Nexo standards. We help our customers in developing the core platform, ensure compliance with Nexo specification standards, deploy and implement protocols for their partners along with customization, integration to third parties solutions and certifications.
Our experience and expertise cover the following Nexo expected requirements:
Nexo Fast
EMV Compliant: Accept all payment cards which are compliant with EMV specifications.
Protocol Independent: Work with various Acquirers, TMS, ECR or Retailer protocols.
Multiple Acquirer: Designed as multi-acquirer payment application.
Secure: Terminal data storage and access limited to the data required for specific task.
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify Nexo Fast with Nexo body or recommended 3rd party certification and security companies.
Nexo Acquirer
Follow worldwide accepted Nexo-based standard APIs for acquiring.
Non-proprietary common protocol
Multiple-acquiring support and enforcement
Transboundary compliance
Arbiter Agent to Acquirer support
Testing and Certification: writing test cases, follow test specifications, use the tools to test and certify the Nexo Acquirer with Nexo body or recommended 3rd party certification and security companies.
Nexo Retail
Establish a clear separation between two software applications which reside on a point of sale terminal.
Records customer sale and payment application that handles the processing of a card transaction.
Both applications share cash register peripherals such as printers, displays and card readers.
Implements the protocol that allows a sale system to request a payment system to process the payment associated to the purchase of goods or services.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo Retail with Nexo body or recommended 3rd party certification and security companies.
Nexo TMS
Centralization -Ensure all the POI devices are connected to the Acquirer be supervised by TMS.
Interoperability - POI follow the same application and protocol.
Realtime Update - The Acquirer has real time information of each POI.
Quick update processing - Monitor and validate all the versioning of the POI modules or applications at once.
Interchangeability - Without having to bother much about the integration process, the Acquirer has the provision to change any POI with another.
Interbankability – Making it easy to change an acquirer associated with the POIs.
Upscalability - The connectivity of POI could be added/changed seamlessly.
Connectivity – Allow the POI to be grouped based on Merchants, Stores, Region.
Testing and Certification: writing test cases, following test specifications, using the tools to test and certify the Nexo TMS with Nexo body or recommended 3rd party certification and security companies.
Girmiti has expertise in implementing solutions using ISO8583, ISO 20022, ISO 7816, ISO 14443, APACS 70, EPAS, NDC, D912, Nexo and proprietary message packets to interfaces front-end channels, mPOS, TMS,Acquirer gateways, Banks, Switches and processors.
We bring relevant experience to help our customers and partners to have their existing Platforms comply by with Nexo specification and standards with respect to their business segments.
Our team helps and works closely with our customers to understand the existing scope, current business scenarios, flows of the existing systems, to provide the consulting solutions to Build, Architect, Enhance Features, Design, Develop, Test, Automate, Deploy and UAT.
Our technology team brings the expertise in solutions and professional services to work in new generation modular architecture, micro services, cloud enabled, APIs, secured mechanism, token-based authentication, internationalization, two way SSL, Certificates, Securing Sensitive Data, OWASP and Database Encryption.
We bring deep knowledge and experience in Payment solutions support 24/7 driven by SLAs (for DevOps and SysOps functions), Maintaining and managing existing system for our customer and their partners.
For More Info - https://www.girmiti.com/nexo_certification.html
0 notes