Cardtec

SOFTWARE SOLUTIONS

Software Solutions to the Financial Institutions and Payment Processors
Cardtec Systems offers in partnership with OpenWay Belgium the WAY4^TM

OpenWay Group is an international software company founded in 1995 to develop WAY4, an innovative, flexible, streamlined payment processing framework. WAY4 is a proven foundation for a wide range of software solutions, including WAY4 Card Management System, WAY4 Merchant Management, WAY4 Advanced Switch, WAY4 Self-Service, WAY4 Commercial Cards, WAY4 Loyalty and other solutions. Today, OpenWay's success is proven by more than 80 banks and processing companies in Europe, Middle East and Asia - aggressive innovators entering new marketplaces, along with established leaders replacing legacy platforms to gain speed and efficiency.

WAY4 is a Real Time Unified Open Architecture Payment Processing System, providing both Front-End and Back-Office functionality covering all aspects of the Finance and Payment Systems market requirements for Banks, Retailers and Service Providers. Our card management solution supports the following functions: Application Management, Customer Service, Dispute Management, ATM/POS Management, Authorization Management, Key Management, Hierarchical Accounts, Interest, Charges and fees, Statement and Billing, Clearing and Settlement, Payment Schemes Interfaces, Transaction Management, Risk Management, Delinquency Management, Advanced Collection Management, Card Personalization and Key Management with in-branch Instant Issuing, and Pre-Authorized Debit with contactless technology.

Major projects in Lebanon:

Centre De Traitement Monetique: CTM is a Lebanese processing company created and equally owned by "Banque Libano-Francaise" and "Societe General de Banque au Liban".
The main objective of CTM is to provide an up-to-date technical services for the owner banking service society that the owner banks may use to deliver their services to the end-users (the cardholders) while sharing the cost.
As a private service provider, CTM currently provides its member banks with technical services that are mainly related to international/national networks (Visa, MC and CSC), ATM and POS management, Merchant Management, Plastic cards production (proprietary as well as branded) in addition to a 24 x 7 support line for cardholders as well as merchants and branches.
Although not limited to, CTM card production operation currently includes MC Electronic Debit (Zenith), MC Debit (Cirrus), Visa Electron, MC and Visa credit cards (Classic and Gold) as well as proprietary cards.
The goals of the project were for CTM to implement a new Magnetic Strip and EMV Credit Card Issuing and Authorization platform, provide the services to the CTM Member Banks based on this platform and to achieve maximum flexibility of products and services for the Banks on that new platform