<New option, separately licensed>
Now card issuers can simplify creation of new contracts in different currencies without unnecessary duplicating product settings. Way4 allows users to set the currency as a parameter for selecting contract settings. When a new card is being created in the specified currency, the currency selection will automatically define accounting and billing rules for the card. In this way, issuers can also create contract hierarchies where currency can differ from level to level and between contracts on the same level.
This functionality is especially useful for corporate card issuers who serve international businesses. For example, a European company can provide T&E cards in USD to employees who travel to the US and in CNY for those travelling to China. At the same time, the credit limit control and billing for all cards issued for European employees will be performed in EUR on the company division level of the hierarchy.