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SPECIFICTION
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OpenWay Way4

openwaygroup.com

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Spec score 7.2 #13 of 22 in Card Issuing Platforms

What it is

OpenWay Way4 is a real-time payment processing platform for banks, processors, and fintechs offering products across card, account-to-account, and wallet rails. Its issuing functions include digital onboarding, instant issuing, card personalization, account and transaction management, authorization controls, clearing, settlement, disputes, and fraud prevention. Listed products range from credit, debit, prepaid, virtual, corporate, multi-currency, crypto-backed, fleet, and BNPL cards to e-money and tokens. OpenWay says 95% of Way4 is parameter-driven, so product terms and processing rules can be configured through business rules. Listed schemes and networks include Visa, Mastercard, American Express, Diners Club, UnionPay, JCB, SEPA, and domestic schemes. Wallet and NFC services include Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay. Deployment options are on-premise, cloud, dedicated SaaS, and hybrid. OpenWay lists PCI standards, PSD2, and ISO 27001 among its compliance standards, and states 24/7/365 operation, 99.99% availability, and performance of 5,500 transactions per second. Pricing is available on request. OpenWay says it began in 1995 and is headquartered in Belgium.

Spec sheet

What it does
Way4 Card Issuing is a real-time payment processing platform for banks, processors, and fintechs that supports payment products across card, account-to-account, and wallet rails.Read 4 Oct 2026 · openwaygroup.com
Purpose
Way4 Issuing is a real-time payments platform for banks, processors, and fintechs to launch and scale payment products.Read 4 Oct 2026 · openwaygroup.com
Deployment
Way4 supports on-premise, cloud, dedicated SaaS, and hybrid deployment models.Read 4 Oct 2026 · openwaygroup.com
Integrations
The page lists Visa, Mastercard, American Express, Diners Club, UnionPay, JCB, SEPA, domestic payment schemes, and an extensive API catalogue for integration.Read 4 Oct 2026 · openwaygroup.com
Support
OpenWay's contact page offers inquiries about Way4 support and lists regional contact offices.Read 4 Oct 2026 · openwaygroup.com
Headquarters
BelgiumRead 23 Sep 2026 · openwaygroup.com
Founded
1995Read 23 Sep 2026 · openwaygroup.com
Company
OpenWay describes itself as the developer and vendor of Way4; a company announcement says it started in 1995 and has headquarters in Belgium.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com
Availability and scale
OpenWay lists 24/7/365 operation, 99.99% high availability, and performance of 5,500 transactions per second.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com
Configuration
OpenWay says 95% of Way4 is parameter-driven, allowing products and processing rules to be configured rather than coded.Read 4 Oct 2026 · openwaygroup.com
Intended customers
OpenWay describes Way4 as serving banks, processors, and fintechs.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com
Payment schemes
The card issuing page lists Visa, Mastercard, American Express, Diners Club, UnionPay, JCB, SEPA, and domestic schemes among supported standards and networks.Read 4 Oct 2026 · openwaygroup.com
Pricing
The pages reviewed direct prospective customers to request a demo or contact OpenWay; they do not state a Way4 subscription price.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com
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.Read 4 Oct 2026 · openwaygroup.com

Strong points and limits

Strong points

  • Issuing functions cover onboarding through settlement and disputes.
  • Products include virtual, corporate, and multi-currency cards.
  • Deployment options include on-premise, cloud, and hybrid.
  • OpenWay states 99.99% availability and 5,500 transactions per second.

Limits

  • Pricing is available only on request.
  • Payment-method features require a new license for issuers and wallet providers.

Who it suits

Way4 is aimed at banks, processors, and fintechs issuing payment products across card, account-to-account, and wallet rails. OpenWay also lists telcos, retailers, PSPs, and fuel card processors among the industries it serves.

Verdict

Way4 covers a broad issuing lifecycle and product range, with multiple deployment models and configurable business rules. Buyers must request pricing, and the listed payment-method feature has an additional licensing requirement.

Where Specifiction places it

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