Nexi is relying on OpenWay’s Way4 digital payments software platform to consolidate Nexi's merchant acquiring portfolios, previously outsourced to various processors, on a single Way4 installation. Nexi is managing Way4 in-house.
OpenWay is providing Nexi with a new core acquiring platform, centralised merchant management, clearing and settlement, and interfaces to Visa and Mastercard, with other international payment systems forthcoming. The Way4 platform will also perform end-to-end reconciliation for all payment systems supported by Nexi, including PagoBancomat, a local Italian interbank debit card network. It fully addresses Nexi’s needs for scalability, pricing management, and support of multiple merchant payment models.
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