TREVICA, Polish payment processing company, whose one of main shareholdersis MasterCard Europe Sprl, has successfully launched the multi-institution cardissuing and acquiring platform WAY4 from OpenWay to get a jump-start on thehighly-competitive Polish cards market. With WAY4 TREVICA plans to become astrong rival to well-known card processing players in providing bothtraditional payment processing services and advanced value-added services, suchas 3-D Secure Internet payment processing and real-time risk management.
«We have selected WAY4 because we werelooking for technologically modern and functionally mature, stable system that canhelp us minimize time-to-market with each new bank we connect and sustainlong-term growth», - said MaciejStepien, TREVICA's COO. «We enjoyed WAY4's flexiblebusiness rules and are able to set up new products and features quickly withoutprogramming. Thanks to its flexibility we implement new products and banksextremely fast and reliably", he added.
«I am sure that TREVICA and its clientsare going to boost consumerse-payment experience in the nearest future», - commented Wim Pardon, ManagingDirector of OpenWay EMEA. «As many start-up companies, TREVICA canleverage the most up-to-date payment infrastructure to introduce innovativetailored solutions. It gives real competitive advantage over those using cumbersomelegacy platforms».
TREVICA S.A. (www.trevica.pl) was founded in 2008 as a newpayment processing company on the Polish market. The company offers itsservices to banks and financial institutions who wish to issue cards or acquiretransactions in ATM and POS networks without building their own infrastructure.
TREVICA offers full life cycle of card issuing processing includingaccount and card record maintenance, authorization and settlement, credit card accountmanagement, transaction switching, fraud and dispute management, and more. These services are supported for all types ofcard technologies like: magnetic stripe card, EMV, contactless, virtual, papervoucher, etc.
Acquiring transaction processing is a set of services offered to a broadrange of institutions involved in electronic payments like: ATM/POS/eCommerceacquirers, ATM/POS/eCommerce network operators, GSM top-up operators, billpayment operators, mobile payments operators who plan to extend the scope ofservices available at their merchants' location.
OpenWay Group (www.openwaygroup.com) is a payment processing software vendor (rated as strong positive by Gartner in 2009 and2010*). OpenWay's WAY4 Card Issuing and Merchant Acquiring, PersonalisedChannel Banking, Loan Management, Payment Switch/Hub, Behaviour Loyalty andother customer-centric software solutions successfully operate at more than 100 banks, processing and telecom companies in Europe, Asia, NorthAmerica, the Middle East and Africa.
WAY4is a single rule-driven environment for debit, credit, prepaid and commercialcards, deposits, loans, current accounts, mobile money and other financialproducts, for personalised self-service and targeted marketing campaigns via ATMs,kiosks, POS terminals, web, mobile banking and other channels.
Based on open platform clusters, WAY4 ensures 24/7 processing andscales from compact to high-end systems supporting 3000 TPS, 150 millioncards and 20 thousand branches in 11 time zones.
WAY4solutions are SEPA-compliant, certified by MasterCard, Visa, AMEX, Diners Club,JCB, CUP, and PCI SSC (PA-DSS compliance).
* The reports "MarketScope forMultiregional Card Management Software" by Kristin R. Moyer, 27.05.2009 and22.06.2010.
The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused withpermission. The MarketScope is an evaluation of a marketplace at and for aspecific time period. It depicts Gartner's analysis of how certain vendorsmeasure against criteria for that marketplace, as defined by Gartner. Gartnerdoes not endorse any vendor, product or service depicted in the MarketScope,and does not advise technology users to select only those vendors with thehighest rating. Gartner disclaims all warranties, express or implied, withrespect to this research, including any warranties of merchantability orfitness for a particular purpose.
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NOTE TO EDITORS.
marketing@openwaygroup.com / www.openwaygroup.com
© Press Release 2011
