We deliver platform re-engineering to modernize your switching and authorization platforms. We also help simplify disparate IT systems like clearing & settlement, billing, reporting, and authorization, through technology consolidation and re-engineering.
Switching & Authorization
The payments industry is undergoing a disruption – one that’s continuously adding new technologies, payment methods, and regulatory requirements to support customer needs. In this scenario, merchants need the freedom to accept any payment method, enrich transaction with information, process with their provider of choice, and enable higher economic value for consumers, issuers, and themselves.
These acceptance imperatives are driving stateless switching systems to support dynamic flows for encryption/cryptography, tokenization, real-time fraud and risk management, risk- based-authentication (RBA), least-cost-routing, and much more.
Legacy infrastructures of existing switching and authorization systems are unable to support these new requirements. In addition, industry consolidation and M&A activities have led to large enterprises managing multiple switching solutions. This necessitates IT simplification and modernization – replacing, consolidating, or re-engineering switching systems - to avoid operational inefficiencies and unnecessary costs.
How we empower our customers
RS Software helps our clients to:
Simplify and modernize the IT landscape
Technology for innovation
Deliver API Technology from strategy to implementation for co-innovation with FinTechs and Developers for faster time to market
Seamless and Frictionless
Enable a secure and frictionless experience for Banks, Fintechs, Merchants, and Businesses with solutions for advanced tokenization and authentication for payment and non-payment transactions
Keep payments safe
We deliver an enterprise-class fraud and risk management platform leveraging AI and ML that can support multiple payment products (cards, checks, ACH, RTP, etc.) on a single platform
Leverage data for business gains
We develop advanced analytics solutions that can help deliver instantaneous value to businesses, merchants, and consumers. Our integrated data solution helps achieve a customer-centric view. And with data localization we help our clients address increasing regulatory pressures in different geographies.
How RS Software Executes
RS Knowledge Management
Curated learnings from client engagements, enriched continuously with visits by industry SMEs to our Silicon Valley office and our world-class development center in India, participation in industry events globally, and ongoing market research keeps us current at all times. Best practices are in place to maintain the rich information in a systemic manner, tested for prompt availability over 25 years, proven scalability in talent knowledge growth and in building reusable knowledge artifacts.
RS School of Payments™
The single focus here is to provide a platform for continuous learning. Leveraging RS Knowledge Management, we have built a rich set of payments and technology-focused curated content at various levels of advancement. Best practices of in-class and remote learning are deployed and tested for effective learning with feedback from performance in projects. A combination of mandatory and optional learning sessions are made available as domain credits, which are evaluated for complete understanding through formal evaluation, and certification is then granted. Quick and constant learning access is the only way to scale and help clients win.
RS Payments Lab™
RS Knowledge Management and institutionalized learning through RS School of Payments come together to motivate and create an environment for innovation. The RS Payments Innovation Lab which celebrates its 10th birthday in 2019 has many credits, including a patent in US for a geo location based algorithm that facilitates customer acquisition. The lab has built multiple fintechs that surface as an integrated solution on the company’s world-class digital merchant acquiring platform. The lab is an incubator for payments innovation and applied technology, leveraging our Silicon valley presence and innovation focused talent in India.
RS Accelerators and Assets
Years of investment in Innovation, and the core values of the organization to be responsive to customers are the driving forces behind the development of accelerators, frameworks and products. A combination of these digital assets are deployed to enable faster time to market based on customer needs. A suite of these assets are now available, with more being added as continued innovation comes to fruition. The execution excellence is enabled by applying appropriate project management practices from the set of tried and tested methodologies such as Waterfall, Relaxed Waterfall, Agile, Distributed Agile, etc.
Our success stories
Built the card tokenization platform for one of the worlds largest payment networks
Implemented an API-first, cloud-first, mobile-first omnichannel merchant acquiring and payments platform for multiple customers in the US market.
Built a large scale digital overlay service for a faster payments infrastructure at a country level in India.
Implemented least cost routing of PIN-less Debit Card Transactions for a mid-size processor