psd2 poster

WAY4 PSD2 Hub

PSD2-compliant software system
for open banking monetization

PSD2 – The Time To Act is Now!

The time of uncertainty about PSD2 has passed. The market has accepted the idea of open banking and payment decentralization. And many players have realized that their legacy platforms do not fit this new reality. 

So, how can you be PSD2-compliant in a short time-frame and not put your business goals on hold? How can you go beyond compliance to generate new revenue streams? Can your core payment infrastructure orchestrate multiple systems efficiently, without repetitive hardcoding? Can it ensure an amazing customer experience for those you serve? 

Whether you want to play the roles of Account Servicing Payment Service Providers (ASPSP), Account Information Service Provider (AISP), Payment Instrument Issuer Service Providers (PIISP) or Payment Initiation Services Provider (PISP)the WAY4 PSD2 Hub software solution will empower you to be PSD2 compliant and to seize new open banking and instant payments opportunities. 

What we offer is the WAY4 PSD2 Hub. It is built on the WAY4 software platform that has the highest rankings for digital payment solutions. The platform has been proven by tier-1 European and global players to process complex transactions within milliseconds. At the same time, it maintains the highest standards of security, manages millions of online transactions per day, and continuously enables customers with the latest innovations. 

For business

  • Be compliant and provide transparent pricing, terms and conditions to your clients
  • Launch different business models and generate new revenue streams on the same platform: ASPSP, AISP, PIISP, PISP  
  • Provide value-added services: instant payments, alternative payment methods, digital wallets, PMF, loyalty and other
  • Facilitate cheaper and frictionless onboarding: connect various KYC and digital identity providers online
  • Monetize APIs based on freemium model: provide basic services free of charge and generate revenues on access to level-3 transaction data and customer inside
  • Apply different API monetization mechanisms: pay per use, subscription fees, revenue-sharing leading and others
  • Generate more value for your clients thanks to 3rd-party online services 

For CIO

  • Provide access to 3rd-parties through rich API and ISO20022 messaging
  • Reduce fraud via improved identity verification and authentication standards: 3-D Secure 2.X, biometrics, mobile push and so on 
  • Orchestrate message flows between different API infrastructures easily
  • Enable a start-up culture inside your company with 3rd-party online cooperation

ARE YOU AN ASPSP?

To win at the open banking game, your card or account must be the top choice, including among the 3rd party services. To simplify this challenge, WAY4 supports different authentication methods and ensures secure and seamless payments from accounts. 

What you get with WAY4 PSD2 Hub if you are APSPS:

  • PSD2-compliant payment processing workflow as a part of the ASPSP function
  • Stand-in processing for PSD2-related payments against core banking / debit accounts
  • Strong customer authentication
  • Transaction risk analysis
  • GDPR-compliant personal data management
  • Integration with your preferred API management systems (developer portal, sandbox, security)
  • Bundled APIs packages proposed to TPPs: standard mandatory APIs and premium APIs for extra data not covered by the PSD2 mandate

BECOME AISP OR PIISP

AISP. The AISP role allows you to generate revenue on account data aggregation and customer profiling. Use WAY4 Wallets, our all-in-one digital wallet software system, to improve in-store, e-commerce and mobile shopping experience for your customers. Link different customer accounts to your mobile app and create your service on top of them e.g. analytics, instalments, loyalty.  

PIISP. As a PIISP you can issue any payment instruments for your customers on WAY4 and offer payment and non-payment value-added services. Our solution is a unified platform for digital wallet, online payment processing and online back office (including customer on-boarding, product setup, account management, loyalty programs, and more).          

You can achieve all of that with the WAY4 Wallet solution that is integrated into WAY4 PSD2 Hub:

  • White-label digital wallet platform
  • Strong customer authentication
  • Instant payments & transfers from payment instruments of multiple issuers
  • Personal finance management
  • GDPR-compliant personal data management
  • Full-fledged back office management

WAY4 PSD2 Hub: mobile check-out and strong customer authentication via QR

BECOME PISP, OR LAUNCH DIGITAL NETWORK FOR PISPS

To become the preferred PISP for merchants, you need the gateway that accepts all popular payment methods, remains highly available and cost-efficient. It should also be scalable and flexible to connect with different payment systems. 

All this is covered by WAY4 Payments, a part of the WAY4 PSD2 Hub solution:  

  • Cards & alternative payment methods
  • PSD2 compliant payment processing
  • 3-D Secure
  • Advanced risk monitoring

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Nets and OpenWay Collaborate on Open Banking

Solution for payment players adopting PSD2 as a step towards Open Banking services & revenue streams

WAY4 PSD2 Hub at a Glance

api 

  • Core banking
  • Card management
  • Risk monitoring
  • Mobile, terminals and other channels 
  • Channel
  • Gateways
  • AML
  • CRM
  • BI systems

acceptance

  • Payments from accounts
  • Alternative payment methods
  • Cards

Authentication

  • Mobile push
  • Biometrics
  • SMS OTP
  • Mastercard Idenitity Check
  • Google Authenticator, etc.

COMPLIANCE

  • PSD2 workflow
  • GDPR support
  • SEPA
  • Berlin Group

Online PAYMENTS

  • Instant payments
  • Online 24/7/365
  • Stand-in
  • Smart routing
  • Parallel request processing

Security

  • Strong customer authentication
  • Risk-based authentication
  • Transaction risk analysis 
  • 3-D Secure 2.Х

digital wallet

  • Friendly UX, UI
  • Tokenization
  • Loyalty & Bonus clubs
  • Contactless & QR