AFSOL and Fime forge strategic partnership for certification of universal payment solutions
September 13, 2023 – Fime has been selected by AFSOL, a leading payment software provider, as a strategic partner to drive its digitalization of payments. During the five-year partnership, Fime will provide consultancy and testing services to support nexo standards compliance. The pair will also drive alignment with major global payment scheme requirements.
Fime will help test AFSOL’s payment terminal solution in line with the nexo Implementation Specifications (NIS) v4.0, soon to be followed by v5.0. This will increase user trust in its payment acceptance solutions by ensuring interoperability.
Mohamed El Yaklifi, CEO at AFSOL, comments: “We believe that the payment industry should offer merchants open, universal and cost-effective payment solutions. AFSOL is committed to revolutionizing the industry through adoption of open standards, which we have been using for twelve years to develop universal solutions. As part of this strategic development, we needed a recognized international player like Fime to provide us with long-term support for the certification of our solutions."
Stephanie El Rhomri, VP Europe and Africa at Fime, adds: “Interoperability and reliability are key strategic differentiators to meet the changing needs of end users. Our experts will empower AFSOL to develop flexible solutions that deliver convenient and secure payment acceptance. This collaboration is about creating forward-looking solutions that can evolve as new payment methods and initiatives emerge. These include innovative frameworks such as the European Payments Initiative (EPI) and the digital euro.”
Fime has a long history helping the acquirer ecosystem to adopt nexo and ISO 20022 protocols. As a consultancy provider, Fime can help you understand the opportunities and benefits that this technology brings and support your migration. As an accredited test laboratory, Fime debugs and certifies nexo POI and acquirer solutions. It utilizes the latest NIS specifications and tools for Acquirer and POI, helping optimize solutions, reduce costs and streamline time to market.
Contact Fime to learn how we can help you build and optimize solutions to bring confidence and interoperability to global payment acceptance.
For further Fime media information, please contact:
Isabel Davies [email protected] at iseepr + 44 (0) 113 350 1922
Stéphanie Pietri [email protected] at Fime
Fime enables its clients to create and launch trusted and secure solutions with consulting and testing services in payments, smart mobility, biometrics, authentication and open banking. It offers global cross-industry perspective, local insight, and unique heritage in testing and certification. Fime’s consultants provide transformative business expertise, partnering with organizations worldwide to define, design, deliver and test their products and services.
With 400+ experts around the world, Fime works strategically to help its clients turn ideas into reality, swiftly take products to market, and achieve competitive advantage. Working together, Fime turns powerful innovations into the future of trusted transactions.
Making innovation possible.
French editor, pioneer and leader in open and interoperable payment software covering both acceptance and acquisition.
Thanks to a rich and urbanized software patrimony accumulated over more than 20 years, AFSOL has leading customer references among banks, PSPs and retailers.
Through +700,000 merchants and e-commerce sites connected to its customers, AFSOL solutions process annually +600 million NEXO flows and +5 billion transactions.
Senior Account Executive
+44 (0)113 350 1922