Integration with Instant Payment Schemes
<New set of product options, separately licensed>
WAY4 is now equipped to connect financial institutions to external instant payments.
OpenWay has developed an interface to a national end-to-end instant payment system in an Eastern European country. Through this interface, WAY4 can access the instant payment system and process account-to-account money transfers between clients of different banks by phone number or e-mail. Cardholders can also send money in real-time via messengers and social media. The credit transfers can be processed within several seconds, and the funds become instantly available for a recipient. Instant payments on WAY4 are available 24/7.
The new interface to the instant payment scheme is based on the ISO20022 protocol. We can make WAY4 compatible with instant payment systems in any other region. If you would like an estimation, please consult your BRM.
Sample architecture of the connection to the domestic / regional instant payment scheme on WAY4