OpenWay has unveiled WAY4 Acquiring Start, an acquiring solution that is aimed to help banks, processors, PSPs, and retailers launch merchant acquiring.
According to the press release, WAY4 Acquiring Start provides preset merchant services and tariff plans, POS and mPOS acceptance, reporting and billing, and PA-DSS compliance. An acquirer can launch and target both retail chains and SMEs in two months. WAY4 handles onboarding, reconciliation, and settlement for any merchant type.
WAY4 Acquiring Start is a part of the WAY4 Start set, comprising standardised software solutions for market-entry to merchant acquiring, credit and prepaid card issuing, payment gateway and other payment domains.