{"id":8012,"date":"2023-09-17T19:13:27","date_gmt":"2023-09-17T19:13:27","guid":{"rendered":"http:\/\/rssoftware.com\/?page_id=8012"},"modified":"2023-09-18T12:31:46","modified_gmt":"2023-09-18T12:31:46","slug":"payment-transformation","status":"publish","type":"page","link":"http:\/\/rssoftware.com\/rswordpress\/payment-transformation\/","title":{"rendered":"Payment Transformation"},"content":{"rendered":"

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Payment Innovation Framework<\/h1>\n

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Accelerating the Digital Transformation Journey for banks and PSPs<\/p>\n

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Driving competitive advantage from payments growth<\/h2>\n

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RS Software\u2019s Payment Innovation Framework (PIF) is a proven methodology for payment modernization which has evolved, leveraging its 30+ years of payment knowledge. The framework is composed of re-imaged payment process flows, checklists, a message format repository, a test case repository, a test simulator tool (RS Test2Pay\u2122), along with tools and techniques, which help to substantially reduce time and cost for transformation.<\/p>\n

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Business Benefits<\/h2>\n

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\nTCO” font_container=”tag:h2|font_size:20px|text_align:center” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal” css_animation=”bounceIn”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”8020″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Faster to
\nMarket” font_container=”tag:h2|font_size:20px|text_align:center” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal” css_animation=”bounceIn”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”8151″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Enabling
\nInnovation” font_container=”tag:h2|font_size:20px|text_align:center” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal” css_animation=”bounceIn”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”8023″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Revenue
\nGrowth” font_container=”tag:h2|font_size:20px|text_align:center” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal” css_animation=”bounceIn”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”8152″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Reduced
\nTechnical Debt” font_container=”tag:h2|font_size:20px|text_align:center” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal” css_animation=”bounceIn”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”8021″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Reimaged
\nprocess flow” font_container=”tag:h2|font_size:20px|text_align:center” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal” css_animation=”bounceIn”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px”][\/vc_column][\/vc_row][vc_row el_class=”Success-stories”][vc_column][vc_column_text]<\/p>\n

Helping banks in their journey with UPI and enabling collaboration with the FinTech community<\/h2>\n

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The Processor had grown significantly over the years through acquisitions, resulting in a fragmented mesh of technology, applications, processes, and practices. Different parts of the enterprise were at different maturities in the digital transformation journey, and each group brought a different interpretation of an API to the table. Multiple user interfaces and the complexities associated with various business processes and standards introduced a lack of uniformity and consistency for their customers. When one of the largest card schemes demanded the appropriation of a few services through clean APIs, this acted as a trigger for this processor to give shape to their digital transformation program, and they decided to embark on a journey to expose all market-facing services in the form of APIs for consumption by partner ecosystems and monetization thereof. RS Software was selected as the partner of choice for this transformation.<\/p>\n

RS Software leveraging its payment innovation framework provided a roadmap for transforming non-standard APIs and non-APIs to standard APIs, removing cross-system duplicate services, and providing discoverable catalogues in time within budget.<\/p>\n

Throughout this engagement, RS worked on 9 Subsystems addressing 1028 Endpoints. These included Card Issuance, Banking, Payments, Fraud Prevention, Payment Networks, Loyalty, Debit, Credit, and Identity.<\/p>\n

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Features<\/h2>\n

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Standardized Process Flows<\/h3>\n

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Multipurpose Checklists<\/h3>\n

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Test Case Repository<\/h3>\n

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Test Automation Tool \u2013 RS Test2Pay\u2122<\/h3>\n

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Enterprise Architecture Blueprint<\/h3>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner]\t<\/div>\n<\/div>\n\n[vc_empty_space height=”60px”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1575619170440{padding-top: 80px !important;padding-bottom: 40px !important;}”][vc_row][vc_column el_class=”successStoryBox”][vc_row_inner css=”.vc_custom_1691580892288{background-color: #fffffff !important;}”][vc_column_inner width=”1\/2″][vc_custom_heading text=”Get in touch” font_container=”tag:h1|text_align:left|color:%230a0a0a” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:600%20bold%20regular%3A600%3Anormal”][vc_empty_space][vc_column_text]<\/p>\n

Innovation DNA combines the best of RS corporate values to focus on constantly adding value to customers\u2019 business<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_empty_space height=”70px”][vc_btn title=”Contact >” style=”flat” color=”sky” size=”lg” align=”center” link=”url:http%3A%2F%2Frssoftstaging.com%2Frs%2Fcontact-us%2F”][vc_empty_space height=”12px”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row css=”.vc_custom_1695011670195{margin-bottom: 30px !important;padding-top: 50px !important;padding-bottom: 50px !important;background-image: url(http:\/\/rssoftware.com\/wp-content\/uploads\/2023\/09\/pifwbanner.jpg?id=8146) !important;}” el_class=”innerpage-custom-banner”][vc_column width=”1\/2″][vc_empty_space height=”24px”][vc_column_text] Payment Innovation Framework [\/vc_column_text][vc_empty_space height=”12px”][vc_empty_space height=”12px”][vc_column_text] Accelerating the Digital Transformation Journey for banks and PSPs [\/vc_column_text][vc_empty_space height=”90px”][vc_empty_space height=”12px”][\/vc_column][vc_column width=”1\/2″][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1693408908346{padding-top: 50px !important;}”][vc_column][vc_row_inner gap=”15″][vc_column_inner width=”1\/2″][vc_empty_space height=”45px”][vc_single_image image=”8156″ img_size=”full” alignment=”center”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text] Driving competitive advantage from payments growth [\/vc_column_text][vc_empty_space][vc_column_text] RS Software\u2019s Payment Innovation Framework (PIF) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"tmpl\/template-fullwidth.php","meta":[],"_links":{"self":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/pages\/8012"}],"collection":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/comments?post=8012"}],"version-history":[{"count":15,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/pages\/8012\/revisions"}],"predecessor-version":[{"id":8187,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/pages\/8012\/revisions\/8187"}],"wp:attachment":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/media?parent=8012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}