Digital Overlay Services – The New Kid on the BlockMarch 22, 2021
The first two decades of the 21st century saw new and disrupting phenomena in the payments ecosystem. Before that, the payments world was going through a monotonous journey, dominated by card-based payments…Read More
Is it time for the Nordics to learn payments innovation from India?January 19, 2021
A column published in FinansWatch, by Kristian T Sorensen, Partner in Norfico, emphasizes the relevance of payments in the Nordics and talks about how the National Payments Corporation Of India (NPCI)…Read More
Digital Overlay Services – Value-additions to future-proof paymentsSeptember 30, 2020
Businesses, Consumers and all other stakeholders in-between are single-mindedly focused on commerce today. Commerce in turn needs to have alternative ways to transfer funds as Society increasingly moves…Read More
Bill Payments - A disruption waiting to happenSeptember 29, 2020
It is generally believed that the smartphone has disrupted society by replacing the simple cell phone with a clever device having internet connectivity. What really happened is that by reimagining communication…Read More
Staying ahead of Real-time FraudSeptember 14, 2020
The last couple of years have seen an unprecedented surge in the demand for digital payments globally, thanks to advancements in technology that have brought about remarkable improvements in speed, convenience…Read More
Nordic Payments and the P27 InitiativeMay 25, 2020
Interconnected society demands integrated, efficient, and secure cross-border payments. The Initiative The uniqueness of the Nordic region lies in its open borders that its 27 M population can freely traverse…Read More
Transformative infrastructure for e-paymentsFebruary 6, 2020
The key concluding events for commerce are invoicing and payments. As nations and regions with countries who share soft borders embark on building transformative infrastructure for invoicing and payments,…Read More
Electronic Bill Payment using E-MandateFebruary 6, 2020
The process of electronic bill payment has its own set of challenges even though it seems to increase operational efficiencies compared to earlier methods of billing and payment. The key challenges are:…Read More
Bill Payment Network – A digital transformation infrastructureFebruary 5, 2020
The Nordic region is perhaps the closest to becoming a cashless society. Cash usage as reported recentlyi: Sweden - 2.1%, Norway - 2.3%, and Denmark - 5.2%, clearly establishes this fact. Among the electronic…Read More
Tokenization: The Future of Payments Security?February 2, 2020
Background: The Payment Card Industry Data Security Standard (PCI-DSS) was created to increase controls around cardholder data to reduce credit card fraud via its exposure. From nearly the beginning of…Read More
The Three Facets of Fighting Against FraudDecember 20, 2019
The fight against fraud for digital payments resides on the 3 vertices – Education, Experience, and Intelligence. Digital payments in India are seeing a CAGR growth of 12.7% * thanks to government push,…Read More
Intensifying M&A in the Payments WorldSeptember 10, 2019
In its efforts to keep pace with the value creation needed to meet rising customer expectations, the payments industry is facing more disruptions than ever before. As new business models pose competitive…Read More
Indian Unified Payments Interface (UPI) leading the world into digital instant paymentsApril 22, 2019
UPI’s transaction volume has crossed the 750 million per month mark as it celebrates its 3rd anniversary, post the launch in April 2016 – a remarkable success indeed. At RS Software, we take a moment to step back to reflect on the journey of us building UPI for Indian government owned NPCI, and enabling India’s banks to connect to its rails. We believe that a faster payments infrastructure is not an end in itself, it is an opportunity for banks to deliver innovative products and services in both consumer and corporate payments, and thereby transforming humanity and accelerating digital commerce. Therefore the focus was relentlessly on design, customer experience, accessibility and convenience.
Major payment networks Visa and Mastercard are committed to the principle of payments anytime, anywhere, and recognize that UPI like systems will shape the digital financial services landscape globally. The quick adoption and the high probability that UPI is now on track to achieve 12 - 15 billion transactions during its fourth year since launch are the best testimony to the strengths of its architecture and design, and most importantly demonstrate scale and innovation at a pace not achieved anywhere else in the world.
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ThreatMetrix and RS Software to Transform Digital Payment Authentication for Financial InstitutionsNovember 27, 2017
ThreatMetrix and RS Software to Transform Digital Payment Authentication for Financial Institutions in India
Partnership Delivers Holistic Risk and Fraud Management to Secure Digital Payments
Kolkata, India –– ThreatMetrix®, The Digital Identity Company® and RS Software (India) Ltd., the leader in building digital payments infrastructure, today announced a new partnership to accelerate the adoption of secure digital payments in India.
The two organizations offer a powerhouse of solutions that span online payments and digital identity. Working together, they will provide a frictionless and secure customer experience, while accelerating revenue for merchants. This partnership will focus on the India market, along with select global opportunities, to deliver holistic risk and fraud management with persona identification and advanced device fingerprinting.
The India market alone is estimated to see more than 20 billion online payment transactions during the next 12 months, and this partnership brings world-class capabilities to secure these growing transactions. The objective is to create robust, secure next-generation merchant-acquiring and payment platforms for Digital India.
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