Payments News

Standards

Amadis Unveils OLA Payment Processing Standard

“Amadis, a global payment software editor, today announced OLA (Open Level 2 API), a standard that enables standardized interface between EMV Level 2 stack and EMV Level 3 payment applications, independent of device, Operating System or geography. It precisely defines the interface between the EMV and Nexo domains. The open and universal attributes of OLA enable merchants and third-party providers to seamlessly add the L3 payment application on top of any EMV level 2 stack from any supplier, resulting in greater flexibility, lower costs, and accelerated production of large-scale payment applications.”