Indonesia’s Finnet currently uses the WAY4 platform for transaction switching between more than 60 banks and 20 billing companies. WAY4 is expected to support 120 million transactions in 2015.
OpenWay, a leader in software solutions for bankcard issuing and acquiring, payment processing, and omni-channel, and Finnet, one of the top electronic payment platform and online payment solutions company in Indonesia, celebrated a 10-year anniversary.
The WAY4 Switch has already replaced one switching platform in Finnet and been selected to replace two additional switching platforms.
OpenWay Group is a payment processing software vendor (rated as strong positive by Gartner in 2009 and 2010). OpenWays WAY4 Card Issuing and Merchant Acquiring, Financial Switching, Personalized Mobile Payments, Mobile Wallet and other payment solutions successfully operate at 130 banks, processing and telecom companies in Europe, Asia, North and Latin America, the Middle East, and Africa.
WAY4 is a customer-centric rule-driven environment for debit, credit, prepaid and commercial cards, deposits, loans, current accounts, mobile money and other financial products, for targeted marketing campaigns and personalised self-service via ATMs, kiosks, POS terminals, web, mobile banking and other channels.
Based on open platform clusters, WAY4 ensures 24/7 processing and scales from compact to high-end systems supporting 3000 TPS, 150 million cards and 20 thousand branches in 11 time zones.
WAY4 solutions are SEPA-compliant, certified by MasterCard, Visa, AMEX, Diners Club, JCB, CUP, and PCI SSC (PA-DSS compliance).
For data, background and forecasts on OpenWay: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).