Instant Settlement within WAY4

<New set of product options, separately licensed>

Customers can now launch new types of real-time payments on WAY4 as we have enabled instant posting. When users accept or initiate money transfers, their accounts are immediately credited or debited. WAY4 also calculates tariffs and charges transactional fees without delay. 

The new functionality benefits all parties:

• New business models for you to seize. With instant posting you can target multiple customer segments. WAY4 supports person-to-person, person-to-business, person-to-government payments and mobile transfers. For example, friends can split a bill in a restaurant right after dinner. Cardholders are able to pay fines and taxes immediately upon receipt. Service providers – plumber, babysitter or gardener – can be paid once the service is delivered.

• Superb experience for credit card users. For instance, credit card holders will not be charged late fees even if they pay on the last day of the grace period. If the issuer blocked a credit card due to delinquency, WAY4 can unblock it automatically as soon as the customer discharges their debt. 

• Instant settlement for merchants. Acquirers can guarantee their merchants immediate settlement, even for new transaction types, e.g. QR-payments. This functionality can particularly benefit small merchants and individual entrepreneurs who have a short production cycle and shortage of funds.