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OpenWay and Axalto participate in European OneSMART Club program

OpenWay and Axalto took part in an inaugural meeting of MasterCard’s OneSMART Club program, organized to promote added-value chip card applications in Central and Eastern Europe.

July 15, 2004 - Waterloo, Belgium and Prague, Czech Republic

OpenWay and Axalto took part in an inaugural meeting of MasterCard’s OneSMART Club program, organized to promote added-value chip card applications in Central and Eastern Europe.
OpenWay and Axalto announced their participation in the European OneSMART Club program. Organized by MasterCard, this program is aimed at bringing together MasterCard customers and industry suppliers across a number of markets in order to promote and support the deployment of added-value, chip-based business solutions.
Introduced globally by MasterCard earlier this year, yesterday’s launch of Europe’s first OneSMART Club covering Central and Eastern Europe (CEE) was celebrated with an inaugural meeting in Prague.
Since promotion of MasterCard’s pre-authorized debit (MPAD) technology is the one of major goals of the OneSMART Club program, OpenWay and Axalto were invited to the meeting as EMV solutions vendors successfully implementing MPAD in their products.
MasterCard developed MPAD for effective processing of low-value transactions off-line. Today, this innovative technology is completely supported in WAY4's universal processing platform from OpenWay, together with e-Galleon and Palmera cards from Axalto.
Andrew Vereninov, Director of OpenWay, gave the following comments concerning OpenWay participation in the OneSMART Club program: “MPAD implementation in the WAY4 platform has become a key reason for migrating regional local card schemes to international cards. We are expecting a number of new projects in the nearest future associated with pre-authorized card products.”
According to Axalto's press center, “It is not surprising that OpenWay and Axalto became members of the OneSMART Club program. We have long-standing experience in various EMV projects in Europe and CIS. Our companies were the first implemented the M/Chip Light issuing in CIS (Kazcommertsbank, Kazakhstan, 2001). At present, there are over 20 joint OpenWay and Axalto EMV projects.”
Axalto

Axalto (A Schlumberger Company) is a leading microprocessor card solution provider, including bank and multi-application cards, software, and services. The company is the largest microprocessor card provider in the world (Gartner, 2003, Frost & Sullivan 2003). The number of microprocessor cards released to clients by the company has exceeded 2.8 billion. In Russia and the CIS, more than a million bank microprocessor cards had been released by 2003.

http://www.axalto.com/
OpenWay Group

OpenWay Group was founded over 15 years ago. We develop WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.

OpenWay was initially headquartered in Brussels, Belgium with one R&D team there and another in St. Petersburg, Russia. Today we are a global company with 10 offices and 130 customers around the world.

Our portfolio consists of WAY4 Card and Merchant Management, Financial Switching, Personalised Channel Banking, Prepaid Cards, E-Commerce, Mobile Payments, Digital Wallet, DCC, Fuel Cards, and other solutions.

Our customers include tier-1 giants, mid-size companies, and ambitious start-ups:

WAY4 live installations consistently demonstrate high performance; for example, 90 million cards issued and authorized on a single platform and 12 million POS/ATM clearing transactions processed daily by a single acquirer.

OpenWay, known for its commitment to long-term relationships, both serves customers locally and provides global support. Today our team unites approximately 500 payment business, digital technology, and security professionals.


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MPAD implementation in the WAY4 platform has become a key reason for migrating regional local card schemes to international cards.


You can contact us at:

Marketing Department
OpenWay Group
marketing@openwaygroup.com


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