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OpenWay Way4
What OpenWay Way4 is
OpenWay Way4 is a real-time payment processing platform for banks, processors, and fintechs issuing products across card, account-to-account, and wallet rails. Its issuing functions span digital onboarding, instant issuing, card personalization, account and transaction management, authorization controls, clearing, settlement, disputes, and fraud prevention. Listed products include credit, debit, prepaid, virtual, corporate, multi-currency, crypto-backed, fleet, and BNPL cards, as well as e-money and tokens. OpenWay says 95% of Way4 is parameter-driven, so product terms and processing rules can be configured through business rules. Listed networks and schemes include Visa, Mastercard, American Express, Diners Club, UnionPay, JCB, SEPA, and domestic schemes; the platform also has an API catalogue. Wallet and NFC services include Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay. Deployment options are on-premise, cloud, dedicated SaaS, and hybrid. OpenWay lists PCI standards, PSD2, and ISO 27001 among its compliance standards. It states 24/7/365 operation, 99.99% availability, and performance of 5,500 transactions per second. Pricing is on request.
Who it suits
Way4 is aimed at banks, processors, and fintechs building or operating payment products. Its listed deployment options may suit organizations choosing among on-premise, cloud, dedicated SaaS, and hybrid models.
What it does well
- Supports card, account-to-account, and wallet rails.
- Issuing functions cover the card lifecycle and disputes.
- Multiple card types, e-money, and tokens are listed.
- Deployment options include on-premise, cloud, SaaS, and hybrid.
- OpenWay states 99.99% availability and 5,500 transactions per second.
What to know first
- Pricing is available only on request.
- Payment-method features require a new license for issuers and wallet providers.
- The platform's stated scale and availability are maker-reported.
Limits
OpenWay does not state a Way4 subscription price. Its payment-method feature requires a new license for issuers and wallet providers; payment-method authorization is described as a non-licensed Transaction Switch enhancement.
Getting started
- Visit the Way4 card management website.
- Contact OpenWay or request a demo for pricing and product details.
- Choose among API, self-hosted, or web access and the listed deployment models.
- Discuss the required card products, payment schemes, wallet services, and integrations with OpenWay.
Verdict
Way4 covers a broad issuing lifecycle and payment-product range, with several deployment choices. Prospective buyers need to request pricing and clarify licensing for payment-method features.
Questions
How much does OpenWay Way4 cost?
Pricing is available on request. OpenWay directs prospective customers to request a demo or contact the company.
Which platforms does Way4 support?
Listed platforms are API, self-hosted, and web. Deployment options include on-premise, cloud, dedicated SaaS, and hybrid.
What payment products can Way4 issue?
Listed products include credit, debit, prepaid, virtual, corporate, multi-currency, crypto-backed, fleet, and BNPL cards, plus e-money and tokens.
Which payment schemes and wallets are supported?
Listed schemes include Visa, Mastercard, American Express, Diners Club, UnionPay, JCB, SEPA, and domestic schemes. Wallet and NFC services include Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay.
Who makes Way4?
OpenWay describes itself as Way4’s developer and vendor. It says it started in 1995 and is headquartered in Belgium.
Does the payment-method feature need a separate license?
OpenWay says the payment-method feature requires a new license for issuers and wallet providers. Payment-method authorization is described as a non-licensed Transaction Switch enhancement.
Facts from OpenWay Way4's own pages
- Additional licensing
- OpenWay states that its payment-method feature requires a new license for issuers and wallet providers; payment-method authorization is described as a non-licensed Transaction Switch enhancement. · openwaygroup.com, 4 Oct 2026
- Availability and scale
- OpenWay lists 24/7/365 operation, 99.99% high availability, and performance of 5,500 transactions per second. · openwaygroup.com, 4 Oct 2026
- Card lifecycle
- The listed issuing functions include digital onboarding, instant issuing, card personalization, account and transaction management, authorization controls, clearing, settlement, disputes, and fraud prevention. · openwaygroup.com, 4 Oct 2026
- Company
- OpenWay describes itself as the developer and vendor of Way4; a company announcement says it started in 1995 and has headquarters in Belgium. · openwaygroup.com, 4 Oct 2026
- Configuration
- OpenWay says 95% of Way4 is parameter-driven, allowing products and processing rules to be configured rather than coded. · openwaygroup.com, 4 Oct 2026
- Deployment
- Way4 supports on-premise, cloud, dedicated SaaS, and hybrid deployment models. · openwaygroup.com, 4 Oct 2026
- Founded
- 1995 · openwaygroup.com, 23 Sept 2026
- Headquarters
- Belgium · openwaygroup.com, 23 Sept 2026
- Integrations
- The page lists Visa, Mastercard, American Express, Diners Club, UnionPay, JCB, SEPA, domestic payment schemes, and an extensive API catalogue for integration. · openwaygroup.com, 4 Oct 2026
- Intended customers
- OpenWay describes Way4 as serving banks, processors, and fintechs. · openwaygroup.com, 4 Oct 2026
- Issuing lifecycle
- Listed functions include digital onboarding, card personalization, instant issuing, account and transaction management, authorization controls, clearing and settlement, loyalty, disputes, analytics, and fraud prevention. · openwaygroup.com, 4 Oct 2026
- Payment products
- Supported products listed include credit, debit, prepaid, virtual, corporate, multi-currency, crypto-backed, fleet, and BNPL cards, as well as e-money and tokens. · openwaygroup.com, 4 Oct 2026
- Payment schemes
- The card issuing page lists Visa, Mastercard, American Express, Diners Club, UnionPay, JCB, SEPA, and domestic schemes among supported standards and networks. · openwaygroup.com, 4 Oct 2026
- Pricing
- The pages reviewed direct prospective customers to request a demo or contact OpenWay; they do not state a Way4 subscription price. · openwaygroup.com, 4 Oct 2026
- Product configuration
- OpenWay says 95% of Way4 is parameter-driven, so products, pricing, fees, limits, risk controls, and workflows can be configured through business rules. · openwaygroup.com, 4 Oct 2026
- Purpose
- Way4 Issuing is a real-time payments platform for banks, processors, and fintechs to launch and scale payment products. · openwaygroup.com, 4 Oct 2026
- Security and compliance
- The card issuing page lists PCI SSF, PCI SLC, PCI SSS, PCI PIN, PCI 3DS, PA DSS, PSD2, ISO 27001, and PCI DSS 4.0 Level 1 among its compliance standards. · openwaygroup.com, 4 Oct 2026
- Support
- OpenWay's contact page offers inquiries about Way4 support and lists regional contact offices. · openwaygroup.com, 4 Oct 2026
- Target users
- The card issuing page describes Way4 as serving banks, processors, and fintechs, while OpenWay's platform page also lists telcos, retailers, PSPs, and fuel card processors among its industries. · openwaygroup.com, 4 Oct 2026
- Wallets and contactless
- Listed value-added services include wallet support and NFC payments through Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay. · openwaygroup.com, 4 Oct 2026
- What it does
- Way4 Card Issuing is a real-time payment processing platform for banks, processors, and fintechs that supports payment products across card, account-to-account, and wallet rails. · openwaygroup.com, 4 Oct 2026
Where OpenWay Way4 stands on Freedom251
- Card Issuing Platforms#15 of 22