News

OpenWay rolls out multicurrency pricing solution for global acquirers

May 23, 2017

OpenWay, a provider of software for bankcard acquiring and issuing, digital banking, omnichannel payments and e-commerce gateways, has launched multicurrency pricing software to help acquirers attract and service international e-commerce merchants.

Way4 Multi-Currency Pricing is an integrated software solution for acquirers that allows merchants to price goods and services in a variety of foreign currencies and receive payments in their home currency. This helps to increase merchant sales, reduce cart abandonment and avoid back-office payment administration headaches, according to a press release.

The solution allows acquirers to set up unlimited pricing and settlement currency pairings, manage markups for different FX rates, settle with merchants and PSPs in their chosen currencies, and generate detailed merchant reports.

Together with Way4 DCC, Way4 Multi-Currency Pricing enables an acquirer to gain incremental revenue from merchant transactions while providing a user-friendly service to cardholders worldwide.

Way4 Multi-Currency Pricing has been deployed already by two leading European acquirers, the company said.