TREVICA and OpenWay Urge Competition on Polish Cards Market
TREVICA, Polish payment processing company, whose one of main shareholders is MasterCard Europe Sprl, has successfully launched the multi-institution card issuing and acquiring platform WAY4 from OpenWay to get a jump-start on the highly-competitive Polish cards market.
With WAY4 TREVICA plans to become a strong rival to well-known card processing players in providing both traditional payment processing services and advanced value-added services, such as 3-D Secure Internet payment processing and real-time risk management.
"We have selected WAY4 because we were looking for technologically modern and functionally mature, stable system that can help us minimize time-to-market with each new bank we connect and sustain long-term growth", - said Maciej Stepien, TREVICA’s COO. "We enjoyed WAY4’s flexible business rules and are able to set up new products and features quickly without programming. Thanks to its flexibility we implement new products and banks extremely fast and reliable", he added.
"I am sure that TREVICA and its clients are going to boost consumers e-payment experience in the nearest future", - commented Wim Pardon, Managing Director of OpenWay EMEA. "As many start-up companies, TREVICA can leverage the most up-to-date payment infrastructure to introduce innovative tailored solutions. It gives a real competitive advantage over those using cumbersome legacy platforms".
TREVICA S.A. was founded in 2008 as a new payment processing company on the Polish market. The company offers its services to banks and financial institutions who wish to issue cards or acquire transactions in ATM and POS networks without building their own infrastructure. TREVICA offers full life cycle of card issuing processing including account and card record maintenance, authorization and settlement, credit card account management, transaction switching, fraud and dispute management, and more. These services are supported for all types of card technologies like magnetic stripe card, EMV, contactless, virtual, paper voucher, etc. Acquiring transaction processing is a set of services offered to a broad range of institutions involved in electronic payments like: ATM/POS/eCommerce acquirers, ATM/POS/eCommerce network operators, GSM top-up operators, bill payment operators, mobile payments operators who plan to extend the scope of services available at their merchants' location