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 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.
OpenWay Group was founded over 15 years ago. We develop WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.
OpenWay was initially headquartered in Brussels, Belgium with one R&D team there and another in St. Petersburg, Russia. Today we are a global company with 10 offices and 130 customers around the world.
Our portfolio consists of WAY4 Card and Merchant Management, Financial Switching, Personalised Channel Banking, Prepaid Cards, E-Commerce, Mobile Payments, Digital Wallet, DCC, Fuel Cards, and other solutions.
Our customers include tier-1 giants, mid-size companies, and ambitious start-ups:
- Equens, Western Europe (SEPA-acquiring of 0.5 million merchants on WAY4)
- Savings Bank of Russia (issuing and acquiring back-office, and authorization switch for 140 million credit and debit cards on WAY4)
- SIX Group, a leading European payment company processing over 4,000,000 cards and migrated over 30 banks to WAY4 within 15 months
- Comdata, USA (commercial cards on WAY4)
- Network International, the Middle East (a processing center with approximately 60 banks on WAY4)
- Raiffeisenbank Int., Eastern Europe (a processing center for 15 banks and countries on WAY4)
- Bank Audi, MENA region (more than 40 card products on WAY4 including NFC)
- Halyk Bank of Kazakhstan (the first bank to launch Visa P2P Mobile Transfers)
- Lukoil Intercard, Eastern Europe (B2B fuel cards with comprehensive loyalty services on WAY4)
WAY4 live installations consistently demonstrate high performance; for example, 90 million cards issued and authorized on a single platform and 12 million POS/ATM clearing transactions processed daily by a single acquirer.
OpenWay, known for its commitment to long-term relationships, both serves customers locally and provides global support. Today our team unites approximately 500 payment business, digital technology, and security professionals.