Payway

Payway offers a cloud-based payment gateway to help securely streamline and reduce the costs associated with transaction processing for card-not-present and subscription businesses. The payment processing solution is designed to be responsive to the needs of organizations who operate a recurring payment business model, like publishing and media companies.

Payway is presented as a PCI-certified Point-to-Point Encryption solution that helps companies reduce their audit scope. It uses tokenization and vault technology to protect sensitive cardholder data from credit card breaches while keeping the token centrally accessible to speed-up recurring payments.

Its Account Updater routinely queries banks to ensure the card data is correct, cutting down on decline rates, reducing churn and removing the need for manual entry.

Its Level Three Processing autodetects and fills in information necessary for corporate and procurement cards to process at a lower interchange rate – oftentimes leading to significant savings.

Payway handles multiple payment methods from all the major cards to digital wallets such as Apple Pay and Google Pay wallet. Payway also supports Direct Debit ACH scheduling – which allows merchants to get paid directly from a customer’s bank account, and they, in turn, pay less in processing fees.

The solution currently integrates into several systems and subscription management platforms. The platform is built on the RESTful web service, so set up and testing is easier.