HPS PowerCARD vs OpenWay Way4

HPS PowerCARD-Issuer provides services for issuing and managing credit, debit, prepaid, and other payment cards. HPS says it serves issuers from small organizations to global financial institutions, including banks, credit companies, retailers, and private processors. The platform manages portfolios across countries, currencies, products, institutions, and languages. Rule-based workflows handle card origination through different channels and formats, including the collection and use of payment information. Issuer functions include card and customer management, credit and prepaid accounts, clearing and settlement, fraud, chargebacks, reporting, dashboards, loyalty, and push marketing. Back-office capabilities also cover disputes, collections, and risk management. A relational database consolidates customer and transaction information for profiling and segmentation. PowerCARD Connect offers more than 120 APIs for third-party systems to access data and services or trigger services. HPS describes on-premises and SaaS delivery for its suite, with SaaS hosted on a public or private cloud. Pricing is available on request.

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.