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OpenWay Way4
Belgium
What it is
OpenWay Way4 is a paid, real-time payment processing platform for banks, processors, and fintechs. It supports payment products across card, account-to-account, and wallet rails, with API, self-hosted, and web options. Listed issuing functions cover digital onboarding, instant issuing, card personalization, account and transaction management, authorization controls, clearing, settlement, disputes, loyalty, analytics, and fraud prevention. Supported products include credit, debit, prepaid, virtual, corporate, multi-currency, crypto-backed, fleet, and BNPL cards, plus e-money and tokens. OpenWay says 95% of Way4 is parameter-driven, allowing products, fees, limits, risk controls, and workflows to be configured through business rules. Integrations include major card networks, SEPA, domestic schemes, and an extensive API catalogue. Wallet and NFC support includes Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay. Deployment can be on-premise, cloud, dedicated SaaS, or hybrid. OpenWay lists 24/7/365 operation, 99.99% availability, and 5,500 transactions per second. Pricing is available on request.
For and against
For
- Supports virtual and physical cards
- Configurable products and processing rules
- Multiple deployment models
- Issuing API and spend controls
- Wallet and NFC payment support
Against
- Pricing requires a request
- Additional payment-method licensing may apply
- Designed for institutional payment operators
- Extensive compliance requirements listed
The verdict
Way4 covers card issuing and broader payment processing with configurable rules, many product types, and multiple deployment choices. Organizations must contact OpenWay for pricing and assess licensing requirements.
Who it suits
Way4 is intended for banks, processors, and fintechs launching payment products. OpenWay also lists telcos, retailers, PSPs, and fuel card processors among its industries.
On the record
- 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 · read 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 · read 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 · read 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 · read 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 · read 4 Oct 2026
- Deployment
- Way4 supports on-premise, cloud, dedicated SaaS, and hybrid deployment models.openwaygroup.com · read 4 Oct 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 · read 4 Oct 2026
- Intended customers
- OpenWay describes Way4 as serving banks, processors, and fintechs.openwaygroup.com · read 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 · read 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 · read 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 · read 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 · read 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 · read 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 · read 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 · read 4 Oct 2026
- Support
- OpenWay's contact page offers inquiries about Way4 support and lists regional contact offices.openwaygroup.com · read 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 · read 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 · read 4 Oct 2026
