OpenWay has unveiled WAY4 Acquiring Start, an off-the-shelf acquiring solution. It helps banks, processors, PSPs, and retailers launch merchant acquiring – from idea to production – within a few months.
In-store and digital acquirers can speed up greenfield projects without heavy investment in software. The standardised WAY4 Acquiring Start software kit runs in the cloud or on-premises.
Launching a merchant acquiring business can be both costly and time-consuming. Emerging payment methods, changing customer expectations, compliance issues and agile technology are just some of the considerations for any new acquirer.
To address this, OpenWay provides: preset merchant services and tariff plans, POS and mPOS acceptance, out-of-the-box reporting and billing, and PA-DSS compliance. An acquirer can launch and target both large-scale retail chains and SMEs in just two months start to finish with the solution. WAY4 handles the complete lifecycle – from onboarding to reconciliation and settlement – for any merchant type.
“WAY4 is a shortcut for companies wanting to enter the acquiring market – startups and tier-1 players alike. As their acquiring ambitions grow, WAY4 lets them gradually extend the merchant offering with value-added services – tokenization, e-commerce, digital wallets, loyalty programs, and more,” comments Dmitry Yatskaer, CTO at OpenWay.
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