News

National Bank of Greece migrates debit card portfolio, services to Way4 platform

June 15, 2018

National Bank of Greece has migrated its debit card portfolio to the Way4 card management system by digital payments software provider OpenWay.

Way4 is an open and scalable all-in-one platform that enables card and account issuing; merchant acquiring; transaction switching; omnichannel digital banking; digital wallets; and e-commerce payments.

According to a press release, more than 4 million NBG debit cards have been migrated to Way4. The institution is now in the process of migrating its credit and prepaid card portfolios and its ATM and POS acquiring business to the platform; it will also replace its Base24 switch.

"Delivering an amazing customer service experience is a top priority for us and the centralization of card business on Way4 enable us to operate more efficiently, react to new market trends quickly, and be more competitive in the open banking environment," Pericles Papaspyropoulos, NBG sector head for the cards Division, said in the release.

"We are honored that National Bank of Greece has selected Way4 as key element of their digital transformation project," said OpenWay Regional Manager Sophocles Ioannou. "We now look forward to further supporting them in delivering innovative services and products to the Greek market."