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11 22 2017        

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ThreatMetrix and RS Software to Transform Digital Payment Authentication for Financial Institutions

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.

The joint solution provides a scalable, adaptive and cost-effective solution, with insights built from the Unified Payments Interface (UPI) and the Bharat Bill Payment System (BBPS), as well as from the ThreatMetrix Digital Identity Network®, which analyzes transactions from 1.4 billion anonymized users worldwide.

“With digital transactions soaring in India, the opportunity is huge. Banks are rolling up their sleeves to streamline their fragmented merchant acquiring business for Digital India and are adopting state-of-the-art technologies to facilitate this change,” said Pascal Podvin, SVP of Field Operations for ThreatMetrix. “We are proud to be partnering with RS Software, which is at the forefront of this digital transformation in India.”

Mr. Raj Jain, CMD, RS Software commented, “Besides the major payment networks, there are globally over 50 in-country payment networks, including in India NPCI, and these are the primary beneficiaries of this partnership. With banks and payment service providers in India pushing for acceptance and issuing infrastructure, this partnership will offer, for the first time in India, solutions that are stable and secure, built by payment specialists who have experience with payments globally for 25 years.”

With its mobile-first and API-driven approach, the combined solution can be plugged in seamlessly to enable secure payments, less chargebacks and more confidence among consumers and merchants.

“RS Software has the know-how of the Indian market and insights from building the digital backbone of India – UPI and BBPS. The ThreatMetrix global network analyzes 2 billion payment transactions, account creations and logins per month from across 185 countries,” Mr. Podvin added. “The Indian expertise, combined with our global reach, provides a unique proposition to counter global threats and provide a dynamic solution to secure payments.”

Mr. Raj Jain added, “We are very excited about this partnership and we are committed to help achieve the vision of Prime Minister Modi for Digital India. The focus is on the SSII factor – stable, secure, inclusive and intelligent. We will educate our customers through joint events and digital reach. We plan to take these solutions to our existing customer base, the major banks in India and non-banks that are fast becoming a part of the payments ecosystem.

“At RS Software, we believe that the banks are also looking to bring more governance, security and transparency into their existing merchant-acquiring business, and their commitment to security is high. Our state-of-the-art digital merchant acquiring platform Payabbhi is globally benchmarked to the best suite of technologies, and even further enhanced by integration with world-class intelligence from ThreatMetrix.

Mr. Jain concluded, “The strategic goal is to help merchants, large and small, to benefit from accelerated adoption of digital payments, and grow their business. The retail industry in India is estimated to reach US$1 trillion by 2020, and this partnership will power the digital commerce that will transform India.”


About ThreatMetrix
ThreatMetrix®, The Digital Identity Company®, empowers the global economy to grow profitably and securely without compromise. With deep insight into 1.4 billion anonymized user identities, ThreatMetrix ID™ delivers the intelligence behind 75 million daily authentication and trust decisions to differentiate legitimate customers from fraudsters in real time.

ThreatMetrix is recognized as the sole Leader in the 2017 Forrester Wave™ for risk-based authentication. Learn more at www.threatmetrix.com.


About RS Software
RS Software (India) Limited is a leader in payment technologies, operating in four continents with its US headquarters in Silicon Valley, corporate headquarters in Kolkata and offices in the United Kingdom and Singapore. RS Software has been in business for more than twenty-five years providing solutions to the leading payment brands around the world including payment networks, processors, acquirers, issuers, and banks. The company engages with its proprietary methodology to deliver mission critical core payment systems that achieve authorization, clearing and settlement of electronic payment transactions, at high speed and high volumes, executing trillions of US dollars value of transactions.

To learn more about RS Software, visit www.rssoftware.com

Media Contacts

Ken Lam, Senior Director, Marketing, APAC and Japan
ThreatMetrix
Tel: +852 6180 0905
Email: klam@threatmetrix.com

Silvia Wu / Rex Chong, LEWIS
Email: silvia.wu@teamlewis.com / rex.chong@teamlewis.com


Nisha Rao, Manager – Marketing
RS Software
Tel: +91 98362 73736
Email: NishaR@rssoftware.co.in

Virendra Verma, Group Head – Investor Relations
AdFactors PR
Tel: +91 98925 02581
Email: virendra.verma@adfactorspr.com


01 11 2017    News    

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RS Software, Paragon Application Systems Partner to Meet Demand for Next Generation Testing Solution

Companies join to deliver solutions that address complexities of payments landscape

HOLLY SPRINGS, N.C., Jan. 11, 2017 – Paragon Application Systems (Paragon), the financial services industry’s leading provider of next generation testing solutions, today announced that it has partnered with RS Software India Limited, a provider of digital payment technology solutions that builds payment infrastructure for countries all across the globe and helps businesses transition from legacy to modern e-payment systems. The alliance addresses the growing demand for testing solutions that provide better automation and more comprehensive code coverage, enabling financial services providers to avoid the hefty cost and risk associated with legacy testing tools.

Paragon provides a suite of testing solutions that automates and virtualizes end-to-end testing of payment systems and ATM networks. These solutions equip organizations to deploy a testing platform that optimizes existing legacy and digital testing assets and frees testing professionals from manual, repetitive tasks. RS Software’s expertise in deploying solutions within high performance, high availability networks will enhance Paragon solutions by adding the knowledge and support required to address specific needs.

“The payments landscape has grown increasingly more complex over the past decade,” said Jim Perry, CEO of Paragon. “A steep increase in the number and variety of endpoints, an expanding number of consumer devices and payment apps, the rising expectation of ‘always-on’ availability and increased levels of regulatory scrutiny have all contributed to that fact. However, the testing methodologies used to ensure that these e-payment systems remain reliable have not kept pace with these changes, creating a glaring discrepancy that we aim to correct. ”

The ongoing cost pressures and accompanying expectation to do more with less have been the primary contributors to the testing challenges financial services providers face. Organizations find themselves addressing more intricate payments testing needs with higher stakes and a leaner workforce. In addition, rapid innovation and competitive pressures in the marketplace are driving the need to deliver new products and services more quickly and with higher quality.

Raj Jain, chairman of RS Software, said, “Testing is critical to all software applications, and even more so for payments that impact consumers’ everyday lives. The majority of payments testing today involves quality assurance staff manually running isolated tests using desktop tools located in physical labs. Because this manual method forces testers to conduct a wide array of tests in an attempt to locate critical errors – something akin to shooting in the dark at times – often only around 20 percent or less of the desired scenarios are actually tested, leaving entirely too much to chance. With our partnership with Paragon, we will strive to increase code coverage and improve the way testing is conducted for organizations across the globe. ”

About RS Software (India):
RS Software India Ltd. is a digital payments focused solution provider to the electronic payments industry, operating in four continents with its US headquarters in Silicon Valley, corporate headquarters in Kolkata, India and offices in the United Kingdom and Singapore. RS Software has been in business for more than twenty-five years providing solutions to leading payments brands around the world including payment networks, processors, acquirers, issuers, and ISOs. RS Software has built solutions for the introduction of new standards such as EMV and emerging payment areas like mobile and contactless payments, while enhancing the ability of its clients to manage their legacy systems. RS Software is now engaged in building country level digital payment infrastructure as well. The domain focus makes RS Software a partner of choice for its customers and an employer of choice for its employees. www.rssoftware.com

About Paragon
Paragon Application Systems is the leading independent provider of simulation, configuration, certification and end-to-end testing solutions for the financial services industry. Paragon’s solutions have enabled more than 600 financial institutions, major interchanges, software providers and payment processors across 90 countries to improve their quality and reduce time to market. The company has a 90+ percent customer retention rate providing software and services that allow organizations to deliver the services their customers need when they need them. Visit www.paragonedge.com for more information, and follow our blog at www.testingrevolution.com/blog.

Click here to download Paragon’s complementary whitepaper outlining seven key capabilities of next generation payments testing solutions to learn more.


09 22 2016    News    

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RS Software Joins Apigee Digital Partner Program

Partnership allows leading payments solution provider to help clients unlock power of APIs for digital engagement

Milpitas, California — September 19, 2016 - RS Software Ltd., the leading vertically integrated technology solution provider to the global digital payments industry, today announced that it has joined Apigee’s Digital Partner Program. Apigee’s leading API management software empowers organizations to securely deliver and manage APIs, with agility and at scale. Apigee’s Digital Partner Program members combine Apigee products with their technology expertise and services to design and implement digital solutions.

“API-driven platforms allow payment providers to accelerate the pace of innovation, excel at their core competencies and partner with other businesses to create value for stakeholders,” said Bibek Das, EVP of business development for RS Software. “This collaboration with Apigee, a leader in providing API management software, will allow us to enable our blue chip payment clients to participate in the digital economy by delivering digital products to expose core capabilities securely and at scale, as they increase collaboration with their customers and vendors.”

“Financial services is a key industry that is evolving as a result of new digital technologies,” said Chris Arisian, head of strategic business development at Apigee. “We are excited to partner with RS Software to help deliver comprehensive API management to payment providers.”

With the number of legacy systems in place in the payments industry, the use and management of APIs is vital to any organization trying to keep ahead of the digital transformation taking place in the market. Working with Apigee will allow RS Software to provide innovative payments providers the ability to deploy enterprise-ready environments covering all aspects of API utilization from developer portals to scalable test environments.

About RS Software (India):
RS Software India Ltd. is a vertically integrated technology solution provider to the electronic payments industry operating in four continents with its US headquarters in Silicon Valley, corporate headquarters in Kolkata, India and offices in the United Kingdom and Singapore. RS Software has been in business for more than twenty years providing solutions to leading payments brands around the world including payment networks, processors, acquirers, issuers, and ISOs. RS Software has built solutions for the introduction of new standards such as EMV and emerging payment areas like mobile and contactless payments, while enhancing the ability of its clients to manage their legacy systems. The domain focus makes RS Software a partner of choice for its customers and an employer of choice for its employees. http://www.rssoftware.com

About Apigee
Apigee® (NASDAQ: APIC) provides a leading API platform. Many of the world's largest organizations select Apigee to enable their digital business. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. For more information, go to http://apigee.com.


04 19 2016    News    

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RS Software Selected By Base Commerce

Multi-year contract will provide end-to-end technology services to address rapid growth.

Milpitas, California — April 19, 2016 - RS Software Ltd. and Base Commerce have signed a multi-year contract to build the next generation payment enablement platform in response to the multi-trillion dollar opportunity in the growth of digital commerce. RS Software, the leading vertically integrated technology solution provider in the global digital payments industry, is the technology partner of choice for Base Commerce, a leading provider of integrated payments solutions designed for software developers, application service providers, web based systems, and billing services.

According to Jason Kafer, Chief Technology Officer of Base Commerce, “The depth of payments knowledge at RS Software is a critical value add to my business. I can achieve better control of the total cost of ownership related to my technology investment In addition, I have access to the RS Software subject matter expertise, which allows me to further strengthen the payment solutions we offer our clients. Our success requires a continuing focus on what those clients need to succeed in the marketplace.”

“We are delighted by the establishment of this partnership with Base Commerce,” said Raj Jain, Chairman and CEO of RS Software. “Our mission, as with all our clients, is to provide Base Commerce an improved return on their technology investment with a faster time to market for their innovative solutions. Our proprietary global execution methodology, the industry’s best practices, proven tools and established frameworks will insure we deliver what Base Commerce requires to continue to be a leader in its space. It is a privilege to work with an organization of their caliber.”

The RS Software and Base Commerce teams will be leveraging cutting edge technology stacks to enhance core systems and creating new products and services around digital payments that will feature open API architectures and software development kits (SDKs). Combining an Agile development methodology with RS Software’s accelerators and frameworks designed specifically for the payments industry will provide the foundation for reinforcing Base Commerce’s competitive advantage.

About Base Commerce
Base Commerce provides a next generation API driven payments platform that enables any company to accept payments easily. The company’s technology transcends traditional payments platforms by providing businesses with features and functions that help keep fraud minimal and margins high. Base Commerce works with a variety of organizations, from start ups to large enterprises, to power payments on websites, mobile devices and in apps. For more information, please visit www.basecommerce.com.

About RS Software (India):
RS Software India Ltd. is a vertically integrated technology solution provider to the electronic payments industry operating in four continents with its US headquarters in Silicon Valley, corporate headquarters in Kolkata, India and offices in the United Kingdom and Singapore. RS Software has been in business for more than twenty years providing solutions to leading payments brands around the world including payment networks, processors, acquirers, issuers, and ISOs. RS Software has built solutions for the introduction of new standards such as EMV and emerging payment areas like mobile and contactless payments, while enhancing the ability of its clients to manage their legacy systems. The domain focus makes RS Software a partner of choice for its customers and an employer of choice for its employees. For more information, please visit www.rssoftware.com.


07 24 2015    News    

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NPCI taps RS Software to build digital payments enablement platform – The Economic Times

The National Payments Corporation of India has awarded a contract to RS Software to build a digital payments enablement platform, to support growth of online payment and spur financial inclusion.


07 24 2015    News    

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NPCI to ease inter-mobile payment transactions – The Times Of India

In a move that will make mobile-to-mobile transactions practical enough for everyday use, the NPCI on Thursday launched its Unified Payment Interface (UPI) project. The corporation has signed on RS Software — a payments technology company which, among other things, is helping integrate Apple Pay with merchants.


07 23 2015    Events    

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NPCI assigns RS Software to build Digital Payments Enablement Platform

RS Software has been awarded a contract from the National Payments Corporation of India (NPCI) to build the Digital Payments Enablement Platform.
During a press conference organized in Mumbai on July 23, Mr. A P Hota, MD & CEO, NPCI said “We intent to utilize RS Software’s expertise for fulfilling advanced needs of the customers to perform instant payment transactions. Our strategic association with RS Software foresee a significant contribution to digital revolution we aim to achieve in payments arena.” RS Software CMD Raj Jain said “We are delighted to have been selected by NPCI for this very important national payments initiative. We believe it will be the foundation for enabling a new ecosystem that fosters innovation and will help India achieve the transition to digital payments. to the future of electronic payments in India.”


01 19 2015    News    

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CMD Raj Jain speaks to CNBC TV 18

While sharing the company’s Q3 results on CNBC TV 18 NSE Closing bell, Mr Jain said that RS is well-positioned to leverage the major developments in the payments industry. With the massive growth in ecommerce, payments companies needed to be able to connect commerce and payments together and RS is transitioning its strategy in order to expand into the digital payments opportunity.




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