New APIs (Web Services) Available
<A new set of product options, separately licensed>
Now there are more actions that WAY4 can take upon request from various external systems.
On the issuing side:
Recall of internal fund transfers or payments to/from WAY4 card/account. This “reversal” service may be requested by a core banking system after the bank moved funds or made corrections on customer accounts, and then balances in WAY4 system should be updated too.
Re-issuance of a virtual card with a new expiry date and new PAN. The new card is linked to the same account, while the old one is blocked.
On the acquiring side:
Adding a merchant to the stop list, if requested by an external risk management system