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 is for
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 is good
- 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.
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.
Compared on card issuing platforms
- Virtual cards
- Yes
- Physical cards
- Yes
- Issuing API
- Yes
- Spend controls
- Yes
- Funding and balances
- Yes
- Card program support
- multi
- KYC/KYB tools
- Yes
