Dmitry Yatskaer, CTO at OpenWay

Digital Payment processing software OpenWay, has announced the integration of its WAY4 payment processing platform with Gemalto SafeNet Payment Hardware Security Module(HSM). The integration will enable the processors, card issuers and merchant acquirers already using the Module(HSM) to migrate to the WAY4 without the need to invest in additional cryptographic infrastructure.

“As the growth of digital payments, specifically mobile payments, continues to accelerate, solutions that provide security, flexibility and cost savings will be in high demand. We believe that the SafeNet Luna EFT Payment HSM will provide WAY4 users with the scalability and flexibility they require when operating in the fast-moving digital payments market,” said Todd Moore, SVP Encryption Products at Gemalto.

According to the supplier, Gemalto’s SafeNet Payment HSM is aimed at ensuring the security of all payment processing environments. The Module is equipped with physical and logical security architecture and PCI- HSM certification, making it usable for in-house and cloud deployments of the WAY4 processing system. It manages the entire cryptographic process from card enrollment to tokenization, helping payment providers to adhere to EMV security standards.

Dmitry Yatskaer, CTO at OpenWay commented, “Seamless security of transactions is on top of mind for our customers. For many years OpenWay has been relying on the skills and expertise of the Gemalto’s payment security team, and now we’ve extended the range of compatible HSM devices with the SafeNet Luna Payment HSM. Our collaboration with Gemalto enables our customers to explore new business opportunities, such as online and mobile payments, in a more secure and cost-efficient way”.

The open, omnichannel digital payment and card processing platform, WAY4, supports digital wallets, card issuing, financial switching and channel management.

Last year, Alfa-Bank Belarus has completed its migration into OpenWay’s WAY 4 platform and Mastercard rolled out new digital payment solution that leverages Mastercard Digital Enablement Service tokenisation, underpinned by OpenWay and WAY4.

Founded in 1995, OpenWay develops WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.

by Megha Bhattacharya
Market Analyst at IBS Intelligence