WAY4 Card Issuing & Account Management

Click to download Ovum CMS research. WAY4 CMS - best overall score.
WAY4 CMS is the software solution for fast, flexible and powerful card and merchant management from the market leader.
 
Gartner, the world leader in IT research and consulting, gave OpenWay the highest possible rating (‘strong positive’) in 2009 and 2010.

Examples

WAY4 Revolving Card & On-the-Fly Instalment.

Converting a statement to instalment olan
WAY4 enables you to create both classic and tailor-made products quickly and easily. A commonly requested product is the revolving credit card with an on-the-fly instalment option. Cardholders can restructure their debts and optimize expenses while the bank benefits from reduced risks and higher profit as well as increased popularity and demand for credit products.
A client can select a transaction on his/her revolving card and transfer it to a separate account with a choice of instalment schemes. This service be requested at a bank or call center and via 24/7 online self-service channels – web and mobile banking, ATM, kiosk or IVR. Moreover, a payment scheme conversion can be activated automatically after a certain event, for example when a transaction amount exceeds a certain value.
The solution provides multiple tools to set up various instalment schemes with different interest rates and payment periods, and flexibly manage related prices and services. The schemes can be assigned to a revolving card or to other products. For each instalment credit, the WAY4 system manages special accounts related to the main card account. According to bank-defined rules, statements include separate information for each instalment, or simply the overall debt and due payment amount.
When the instalment option is requested, the system takes into account the client’s existing credit portfolio to calculate his/her maximum credit limit and maximum monthly payment.

WAY4 Merchant Acquiring. On-the-Fly Instalment.

Hierarchical merchant chain
WAY4 Merchant Acquiring covers acquiring for brick-and-mortar and Internet shops. By automating all related business processes and outcomes between the acquirer and its merchants, the solution benefits both parties and allows for solid relationships. With this solution, banks and processors can simultaneously acquire transactions from multiple outlets in different countries, currencies, languages and time-zones, with different device types, pricing, accounting and other processing policies.
WAY4 Merchant Acquiring allows you to configure flexible rules for merchant scoring, profiling and enrolment, contract, account and device management. For corporate retail chains, it supports unlimited hierarchies, where pricing, accounting, billing, reporting and other rules may vary for each level. Due to high-level automation, WAY4 also takes care of clearing and settlement, chargeback processing, statistics and reports, and merchant loyalty programmes.
The solution is certified by MasterCard, Visa, AmEx, Diners Club, JCB, and CUP and can be used for local payment schemes. It enables merchants to accept magnetic stripe, EMV and contactless cards, credit, debit, prepaid, commercial, gift, loyalty and all-in-one cards. WAY4 supports a complex combination of POS services: retail operations, cash advance, statements, bill payments, fund transfers, online instalment origination and marketing messages.
WAY4 acquiring is PA-DSS certified. WAY4 e-commerce is 3-D Secure compliant. In addition to industry security standards, the WAY4 platform offers online risk monitoring, fraud prevention and AML tools.

 

Related links

Downloads

WAY4 CMS. Ingenious Product Tuning
(3470 KB)  Download

WAY4 SEPA-Compliance
(577 KB)  Download

WAY4 EMV In-Branch Instant Issuing
(392 KB)  Download

Modules

WAY4 Core

WAY4 Issuing

WAY4 Acquiring

WAY4 Multiple Financial Institutions

WAY4 Data Preparation and Card Personalisation

WAY4 AMEX Interface

WAY4 CUP Interface

WAY4 Diners Club Interface

WAY4 JCB Interface

WAY4 MasterCard Interface

WAY4 Visa Interface

WAY4 POS Management

WAY4 ATM Management

WAY4 NDC/DDC Configuration Builder

WAY4 Self-Service Kiosk Management

WAY4 ATM/Kiosk Network Statistic Analyser

WAY4 Mobile Banking

WAY4 Web Banking

WAY4 3-D Secure ACS

WAY4 3-D Secure MPI

WAY4 Bill Payment Interface

WAY4 Consumer Collection

WAY4 Core Banking Interface

WAY4 Customer Profile Management

WAY4 Host System Interface

WAY4 Real-Time Risk Management

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WAY4 News

Leading European processor migrates to WAY4

Icelandic credit card pioneer turns to OpenWay

Oschadbank and OpenWay Certify payWave and PayPass Contactless Acquiring in Record Time

Cardless Cash Money Transfers at ATM are Now Available in Moldova

OpenWay Recognised as Global Market Leader in Card Management Software Solutions

Gartner Reaffirms the Highest Possible Rating of OpenWay

WAY4 Case Studies

Banksys Handles Change with WAY4

Thailand’s Payment Solution: WAY4 Prepaid Co-Branded Cards

Savings Bank of Russia Migrates to OpenWay’s WAY4 System

Innovative Projects of AzeriCard – a Red Carpet Treatment

Ukreximbank's processing on WAY4: 10 years of progress

Speeding up Profit with Contactless

Bank and Vendor: Dependency or Partnership?

Equens Strengthens its SEPA Proposition with WAY4

Savings Bank of Russia Aims to Process 60,000,000 Cards on the WAY4 Platform

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Solutions

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