{"id":8041,"date":"2023-09-17T20:03:57","date_gmt":"2023-09-17T20:03:57","guid":{"rendered":"http:\/\/rssoftware.com\/?page_id=8041"},"modified":"2024-03-06T07:54:21","modified_gmt":"2024-03-06T07:54:21","slug":"payment-platform-as-a-service","status":"publish","type":"page","link":"http:\/\/rssoftware.com\/rswordpress\/payment-platform-as-a-service\/","title":{"rendered":"Payment Platform as a Service"},"content":{"rendered":"

[vc_row css=”.vc_custom_1694979166165{margin-bottom: 30px !important;padding-top: 50px !important;padding-bottom: 50px !important;background-image: url(http:\/\/rssoftware.com\/wp-content\/uploads\/2023\/09\/psaas-banner_final.jpg?id=8015) !important;}” el_class=”innerpage-custom-banner”][vc_column width=”1\/2″][vc_empty_space height=”24px”][vc_column_text]<\/p>\n

Payment Platform
\nas a Service<\/h1>\n

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Accelerating the implementation of
\nreal-time payments capability for banks through RS ConnectEdge\u2122<\/span><\/p>\n

[\/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=”8019″ img_size=”full” alignment=”center”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]<\/p>\n

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

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India\u2019s UPI transaction volume is growing at an accelerated pace and expected to increase from 80 billion to 300 billion annual transactions over the next 3-5 years.<\/p>\n

This platform, RS ConnectEdge\u2122 enables financial institutions to offer 24×7 real-time payment capability with immediate funds availability and payment certainty, to ease out the liquidity pressure. Customers also experiences instant payment send or receive right from their accounts.<\/p>\n

Banks can overcome the challenge of technical complexity and infrastructure and connect to UPI leveraging this platform through simplistic API integration.<\/p>\n

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Business Benefits<\/h2>\n

[\/vc_column_text][vc_empty_space height=”60px”][vc_row_inner][vc_column_inner width=”1\/5″][vc_single_image image=”8020″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Faster
\nimplementation” 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\/5″][vc_single_image image=”8021″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Fund transfer\/
\nRequest to Pay” 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\/5″][vc_single_image image=”8022″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Innovative use cases
\n– QR based payment” 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\/5″][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\/5″][vc_single_image image=”8024″ img_size=”60X60″ alignment=”center” css_animation=”bounceIn”][vc_empty_space height=”20px”][vc_custom_heading text=”Collaboration with
\nthird party” 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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RS ConnectEdge\u2122 is a modern, modular, ISO 20022 compliant, API-based, cloud-ready real-time payment solution, built using global industry standards to future-proof the payments business for banks.<\/p>\n

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  • <\/i><\/div>

    Caters to all payment channels \u2013 UPI, AePS, IMPS, and BBPS – and their respective functional areas such as VPA mapping and resolution, NBIN and IIN mappings, and biller integrations<\/p>

    <\/div><\/div><\/li>

  • <\/i><\/div>

    Caters to transactions for additional rails such as NACH, NETC, and RuPay, thus driving operational efficiencies, thereby lower TCO and superior customer experiences<\/p>

    <\/div><\/div><\/li>

  • <\/i><\/div>

    Integrates with banking systems such as Core Banking System (CBS), FRM, ERP, CRM, Treasury, as well as API-based integrations with the bank\u2019s existing digital channels – mobile banking, internet banking, mobile apps<\/p>

    <\/div><\/div><\/li><\/ul>[\/vc_column_inner][vc_column_inner width=”1\/2″][vc_single_image image=”8025″ img_size=”full” alignment=”center”][\/vc_column_inner][\/vc_row_inner]\t<\/div>\n<\/div>\n\n[\/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_single_image image=”8026″ img_size=”full” alignment=”center”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_empty_space height=”50px”][vc_column_text]<\/p>\n

    Our Success Story<\/span><\/b><\/h6>\n

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    RS ConnectEdge\u2122, is a payment processing platform for banks in the India. It helps enables banks and Fintechs to offer connectivity to UPI and BBPS with almost no capex. The platform has gone live during the first week of September 2023. Currently, 12 banks have already been using this product. RS ConnectEdge\u2122 helps to completely focus on business growth instead of spending time on technology enablement. Two more banks are in the process of being onboarded. RS ConnectEdge\u2122 meets all the security, compliance and functional components required to enable a bank consumer to accept and make UPI payment across channels.<\/p>\n

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    Features<\/h2>\n

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    \n\t\t[vc_row_inner][vc_column_inner][vc_single_image image=”8027″ img_size=”60X60″][vc_column_text]<\/p>\n

    High
    \nthrough-put<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    A modular, microservice-based scalable architecture that meets demands at any TPS<\/p>\n

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    Availability<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Provides 24\/7\/365 transaction qualification and processing, with zero-downtime upgrades for continuous service<\/p>\n

    [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_single_image image=”8029″ img_size=”60X60″][vc_column_text]<\/p>\n

    Corporate and
    \nRetail payments<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Helps banks support business, consumer, government, and P2P use cases<\/p>\n

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    Seamless API-based
    \nIntegrations<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Integrates with bank\u2019s digital channels through APIs<\/p>\n

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    Security
    \nManagement<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Provides end-to-end security through multi-layer encryption with industry-standard algorithms<\/p>\n

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    Onboarding
    \nManagement<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Facilitates rapid customer onboarding through an interactive portal or in batches<\/p>\n

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    Reconciliation,
    \nClearing and Settlement<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    It is a long established fact that a reader will be distracted by the readable content of a page<\/p>\n

    [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_single_image image=”8034″ img_size=”60X60″][vc_column_text]<\/p>\n

    White Label
    \nMobile App<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Provides white-labelled app or mobile SDK for P2P or P2B real-time payments for Android and iOS<\/p>\n

    [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_single_image image=”8035″ img_size=”60X60″][vc_column_text]<\/p>\n

    Parameterized
    \nProcessing<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Banks can configure and manage key parameters like timeout periods, maximum transaction amounts, and more<\/p>\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_row][vc_column][vc_column_text]<\/p>\n

    Optional Capability<\/h2>\n

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    \n\t
    \n\t\t[vc_row_inner css=”.vc_custom_1694085511191{background-color: #ffffffff !important;}”][vc_column_inner width=”1\/4″][vc_empty_space][vc_single_image image=”8038″ img_size=”80X80″][\/vc_column_inner][vc_column_inner width=”3\/4″][vc_column_text]<\/p>\n

    Risk Management<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Real Time Payment Fraud Management based on Rules and AI Models. Integrated Case Management and Notification modules<\/p>\n

    [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=”.vc_custom_1694085521984{background-color: #ffffff !important;}”][vc_column_inner width=”1\/4″][vc_empty_space][vc_single_image image=”8039″ img_size=”80X80″][\/vc_column_inner][vc_column_inner width=”3\/4″][vc_column_text]<\/p>\n

    Cross Border Payment<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Cross Border payment through a network or through a correspondence bank. FX and Fee calculation, Clearing and Settlement<\/p>\n

    [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=”.vc_custom_1694085224070{background-color: #fffffffff !important;}”][vc_column_inner width=”1\/4″][vc_empty_space][vc_single_image image=”8036″ img_size=”80X80″][\/vc_column_inner][vc_column_inner width=”3\/4″][vc_column_text]<\/p>\n

    Bill Payment<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Centralized Bill Payment solution bringing Banks, Billers, Aggregators and consumers under a single roof to implement an standard interoperability<\/p>\n

    [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=”.vc_custom_1694085224070{background-color: #fffffffff !important;}”][vc_column_inner width=”1\/4″][vc_empty_space][vc_single_image image=”8037″ img_size=”80X80″][\/vc_column_inner][vc_column_inner width=”3\/4″][vc_column_text]<\/p>\n

    Last Mile Payment Acceptance<\/h3>\n

    [\/vc_column_text][vc_column_text]<\/p>\n

    Payment acceptance across multiple channels, seamless onboarding on merchants, management of hierarchy for merchants, Fee calculation, Settlement<\/p>\n

    [\/vc_column_text][\/vc_column_inner][\/vc_row_inner]\t<\/div>\n<\/div>\n\n[\/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:https%3A%2F%2Frssoftware.com%2Fcontact-us%2F|title:Contact|target:_blank”][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_1694979166165{margin-bottom: 30px !important;padding-top: 50px !important;padding-bottom: 50px !important;background-image: url(http:\/\/rssoftware.com\/wp-content\/uploads\/2023\/09\/psaas-banner_final.jpg?id=8015) !important;}” el_class=”innerpage-custom-banner”][vc_column width=”1\/2″][vc_empty_space height=”24px”][vc_column_text] Payment Platform as a Service [\/vc_column_text][vc_empty_space height=”12px”][vc_empty_space height=”12px”][vc_column_text] Accelerating the implementation of real-time payments capability for banks through RS ConnectEdge\u2122 [\/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=”8019″ 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] India\u2019s […]<\/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\/8041"}],"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=8041"}],"version-history":[{"count":8,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/pages\/8041\/revisions"}],"predecessor-version":[{"id":8722,"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/pages\/8041\/revisions\/8722"}],"wp:attachment":[{"href":"http:\/\/rssoftware.com\/rswordpress\/wp-json\/wp\/v2\/media?parent=8041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}