Way4 Card Issuing Software
Choosing a new card management software platform to improve customer-centricity and incremental revenues? Check the list below to ensure that your new card issuing engine is future-proofed.
For CEOs
- Launch various business models on the same software platform – credit, debit and prepaid cards, fleet projects, virtual cards and loyalty, wallets and tokenization, corporate and family schemes, and much more
- Provide the best possible experience for your cardholders, partners and internal users by delivering personalized services – exactly when and where they need them
- Create new and innovative card products with an exceptional time-to-market and the best functional coverage
- Reduce manual interventions and decrease administration costs by automating and streamlining processes
- Scale quickly in terms of volumes and geographies
- Increase profitability of traditional instruments with smart value-added services
- Become the customer’s top card for third-party services within the open banking ecosystem thanks to your data-rich APIs
For CIOs
- Strike the right balance between standardization that fosters best practices, configuration that uses flexible business rules, and an agile approach to implementing innovations
- Rely on APIs and SDK for internal and external integration
- Run your cards in the cloud or on premise to scale and expand
- Ensure high availability with a platform capable of managing millions of cards
- Migrate your card portfolio smoothly from legacy systems
Way4 Card Issuing is a white-label software platform for end-to-end card issuing and online account management. It is a top choice for ambitious banks and processors of any scale wanting to start or transform their card management business efficiently, improve customer experience, and take advantage of open banking opportunities.
The Highest Ranking
OpenWay was recognized as the highest-ranked vendor of payment processing software platforms in the global market by Aite, a global research and advisory group.
The Aite Matrix: Payment Processing Platforms report showed OpenWay as the only payment software solutions vendor to be ranked “best in class” for its high scores, both in the product performance and vendor strength categories.
Choose a Platform for New Revenue Streams
Way4 is an integrated platform, so you can implement both classic and innovative business models in payments. As an issuer, you can leverage multiple new opportunities with the Way4 card management system:
- Attract new types of customers. Offer mobile wallet accounts to unbanked customers, private label cards to merchants, and prepaid cards to tourists.
- Build your ecosystem. Integrate easily and painlessly with third-party companies that enhance your customers experience (e.g. scoring, digital identity, wallets providers).
- Increase non-credit revenues. Earn on FX when issuing multi-currency cards, offer instant prepaid or virtual cards for special use (events, one-time purchase).
- Work with merchants. Organize a sales finance partnership with merchants, issue a co-branded instalment card with retailers, lead the loyalty program.
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From Startups to Tier-1
Tier-1 banks and ambitious startups, processing companies and fleet companies rely on the Way4 card management system to run successful card issuing businesses. Our system efficiently processes both large and small volumes.
200,000,000 credit and debit cards managed on a single installation
4,300 transactions per second in the live environment
14% of cards in Europe are issued on Way4
40 banks run on a single installation
Process Cards for Other Issuers
Issuer processors can run multi-tenant environments on Way4. A single Way4 card management system installation comprises these business features:
- Support of different products, services, business rules configurations for multiple independent issuers – even running in different countries and time zones
- Secure user access and data isolation for every issuer
- Compliance with local regulations in multiple countries
Be the Customer's Default Card
Open banking and fintech API-based technologies can improve the payment experience and quality of financial services for your customers. But you need to ensure that:
- Your payment processing infrastructure is ready to work with third-party services - instantly, reliably, and securely.
- The customer will not walk away and will continue using your card to access those third-party services.
Extra-mile approach to partnership
Proven migration experience
- Greenfield projects completed in 3-6 months
- Step-by-step migration for complex projects
- Migration methodology ready: from mainframes and open legacy systems (Base24, Vision+, ElectraCard, SmartVista, Compass+, Prime, etc.) to Way4
Speed-to-market
- Out-of-the box packaged card products for quick start
- Quick adoption of innovations: tokenization, open banking, biometrics, digital wallets
- Joint business analysis and pre-sales
Your committed partner
- Business consultancy, technical support
- Long-term partnership
- OpenWay Club: the unique global network of payment practitioners and scientists to shape the future of the payment industry
Way4 Card Issuing at a glance
Compliance
PA-DSS
SEPA
PSD2
Shariah
American Express
Diners Club
JCB
Mastercard
Visa
UnionPay
Domestic schemes
End-to-end
Digital on-boarding
Instant issuing
Authentication
Card personalization
Flexible tariffs
Marketing campaigns
E-commerce 3-D Secure 2.0
Fraud prevention
Dispute management
Accounting
BI and reporting
Global and local
Multiple currencies
Multiple countries, time zones
Multiple languages
Private label schemes
Domestic schemes
Cross-border schemes
Delivery models
On-premise
Cloud
Any payment instrument
Credit
Debit
Prepaid, Gift
Corporate
Virtual
Instalments
Token
e-Money
Corporate
Fleet / fuel
Retailer
More revenue
Multi-currency cards
API monetization
PFM
Data insight
Remittances & Payments
Sales finance partnership
Microloans
Value-added services
Wallets
Loyalty
QR code payments: closed-loop, mVisa, MasterPass QR, UnionPay QR
NFC payments: Apple Pay, Google Pay, Samsung Pay, Garmin Pay
For processors
Multi-institution management
While-label card issuing, wallets
Reliability
Online 24/7/365
2,400 transitions per second in live
High availability
Scalability: S to XXL