Equens Strengthens the SEPA Proposition with WAY4

Press Room News 2010 2009 2008 2007 2006 2005 2004 Events 2010 2009 2008 2007 2006

Equens Strengthens the SEPA Proposition with WAY4

Equens SE, one of Europe’s largest and most innovative payment processors, covering more than 15% of the European acquiring market, and OpenWay, provider of the WAY4 payment processing software solution, have launched the new SEPA-compliant acquiring platform based on the WAY4 Merchant Management system.

January 22, 2009

Equens commented that, although the project was complex and had to meet demanding timescales requiring implementation within 6 months, they consider the implementation to be a great success and are confident that it will provide a sound technology base to support future innovation as part of the European wide SEPA programme.

To meet SEPA requirements, Equens was looking for a powerful and flexible processing platform, with the capability to adapt products to new markets easily and to introduce international brands, while coping with volume growth and maximising the efficiency of operational costs. Another need was to offer tailor-made products to its merchants. Having considered several alternatives, Equens decided to rely on the high-level expertise and proven experience of the OpenWay team and its market leading WAY4 software.

Wim Pardon, Managing Director of OpenWay Belgium, said, “The flexibility and reliability of WAY4 solutions and the high quality of our system support services have been already acknowledged by many financial institutions, payments processors and telecommunication companies operating on different continents. Our cooperation with technology leaders assures our place at the forefront of the latest technologies. We are proud that Equens has selected our WAY4 solution, which will certainly help Equens to introduce new value-added services”.

Equens already serves 50,000 merchants via the WAY4 platform and expects significant business growth.

Equens SE

Equens is the first truly pan-European, full-service payment processor. As one of the largest and most innovative payment processors in Europe, Equens is leading the market for future-proof payments and card processing solutions. Thanks to an extensive and competitive service portfolio and a flexible, customer-orientated approach, the company seamlessly meets the requirements of the European payments market. With an annual volume of 7.9 billion payments and 2.2 billion POS and ATM transactions, Equens has a market share of more than 15% within the euro zone. By continuously pursuing further growth and translating the achieved synergy benefits and economies of scale into advantages for the customer, the company contributes to the efficiency of European payments.

http://www.equens.nl

OpenWay Group

OpenWay Group (www.openwaygroup.com) is a payment processing software vendor (rated as strong positive by Gartner, 2009*). Its WAY4 Card Issuing and Merchant Acquiring, Loan Management, Personalised Remote Banking, Payment Switch/Hub, Behaviour Loyalty and other payment solutions successfully operate at more than 90 banks, processing and telecom companies in Europe, US, Asia, the Middle East and Africa.

WAY4 is a customer-centric rule-driven environment for debit, credit and prepaid 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.

WAY4 supports 24/7 high-speed processing on open platform clusters.

WAY4 solutions are SEPA-compliant, certified by MasterCard, Visa, AMEX, Diners Club, JCB, CUP, and PCI SSC (PA-DSS compliance).

* The report “MarketScope for Multiregional Card Management Software” by Kristin R. Moyer, 27.05.2009. The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

http://www.openwaygroup.com

You can contact us at:

Marketing Department
OpenWay Group
marketing@openwaygroup.com

WAY4 News