News

Major European card processor migrates issuing to Way4

May 6, 2013

Card and payments software provider OpenWay has announced that Nets, one of the 10 largest payment processors in Europe, has migrated its card issuing business to the OpenWay Way4 payment processing system. The migration of data to the system is now complete and Nets has successfully launched operations on the software with the first of its bank customers.

In a news release about the Nets-OpenWay partnership, Mikko Pilkama, senior vice president in charge of issuing services at Nets, said that the company chose Way4 in order to enable the further development of its card issuing services. But the opportunity to grow was not without its challenges.

"[I]t was necessary to ensure seamless integration of WAY4 with the systems of banks, our clients," Pilkama said. "An additional challenge was the need to migrate roughly 2 million existing cards in a way that is unnoticeable to the end-user."

"[F]or a payment processor like Nets, growth of the processing volumes depends on us supporting our banking customers to increase their revenues. For this reason we chose WAY4 platform and OpenWay as our partner."

Wim Pardon, managing director of OpenWay EMEA said that "team play" is critical to a project like the one undertaken by Nets.

"It allows us to create and build a united and well-coordinated project team, and it provides us with a reliable basis for further collaborations," Pardon said. "Having started with migration of one bank, and with many more to follow, we are very happy with our partnership with Nets, which allows us to quickly implement joint projects to the highest standards and to help our clients grow."

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