Enfuce and OpenWay team up for cloud payment processing
- Enfuce, an innovator in cloud-based payment services, is accelerating its business growth after migrating its card issuing service to OpenWay’s WAY4 digital payments platform. Now it can offer startups “fintech in a box”: BIN sponsorship for prepaid card issuing within a mere 7 days. It can also migrate established banks within 6 weeks, even those with millions of cards.
- WAY4 is a solution by OpenWay, a strategical partner of top payments brands and a global leader in rankings of Aite, Ovum and Gartner in the categories of card management, merchant acquiring, payment hub, and digital wallets.
- Enfuce’s WAY4 platform is run on AWS, which fully aligns with the company’s cloud strategy.
No one these days wants to wait months to manage, scale, and evolve a payment platform. Enfuce is showing banks and processors that all this can be painlessly and cost-effectively handled, not in months, but in mere days. With Enfuce’s WAY4 platform, fintech start-ups can connect to a fully scalable, innovative card issuing service within 7 days, while banks can migrate 5 million cards portfolios within 6 weeks – and ensure 99,99% service availability with global PCI DSS compliance. They can also run credit, multi-currency, and commercial cards.
How did migrating to WAY4 become a game changer for Enfuce? With its AWS-based cloud strategy, the company can offer both start-ups and banks high availability, instant scaling and global PCI DSS compliance. But now with the WAY4 digital payment platform, Enfuce also ensures incredibly fast customer onboarding as well as speed to market for innovations.
“We wanted to promise our customers the highest-quality services delivered in the shortest amount of time, so we selected WAY4 as the best payment platform to help us fulfil that promise. By running WAY4, we can offer the best service based on the best technology on the market. It ensures that we as a company can continue to grow and stay relevant to fintechs and banks in the global market,” says Denise Johansson, CEO and Co-Founder at Enfuce.
Julian Farley, Business Development Director at OpenWay, says: “We are proud to work with new-generation companies that are changing the payment market. We believe that companies like Enfuce make dreams come true for everyone: for established players developing innovative payment services who want results in days instead of years, and for start-ups needing an immediate connection to the same services, both on a local and global scale.”
Enfuce Financial Services provides global IT services to banks, fintech companies, and other financial operators. Having won several awards in its field, Enfuce is also the first Financial Supervisory Authority certified company that runs its services in the public cloud. They currently offer a diverse platform for credit and payment cards and fast-to-implement PSD2 compliant interface services. Established in 2016, Enfuce employs 45 driven professionals in Finland, Sweden, the UK, and Spain. Enfuce is growing steadily, and their net sales reached 4.1 million euros in 2018.
About WAY4 and OpenWay
The WAY4 digital payments platform is developed by OpenWay, the global vendor top-ranked by Gartner and Ovum. More than 130 banks, processors, retail chains, national payments switches, fleet card processors, telecommunication and other companies use WAY4. Some of them are long-established players, while others are ambitious start-ups. Driving digital transformation with WAY4 solutions, they have become leaders in different domains and world regions.