The platform will be used to provide online routing of authorisation requests and clearing and settlement between banks involved in UEK project.
OpenWay has provided the technological assistance to create an interface between member banks. Currently, the project includes 15 USC Russian banks, some of which are clients of OpenWay.
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According to RBC rating, they collectively serve more than 90 million active credit cards in Russia.
OpenWay Client banks use the WAY4 technology platform for the processing of financial transactions for all types of cards and a range of other services.
OpenWay, development deputy director, Sergey Lebedev, said:"This national-scale project first and foremost requires the vendor’s reliability and ability to work with huge data volumes.
"It is necessary to connect new participants to the UEK project easily and quickly, and WAY4 manages this successfully.
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By GlobalData"Any member bank, regardless of the processing it uses, gains access to the payment area for settlements through our universal interface", added Lebedev.
