RS SOFTWARE

A market infrastructure solution for real-time payments

RS RealEdge™ is the first-of-its-kind real-time payment system globally, with a unique architecture that supports high throughput, processing time of less than 50 millisecond per transaction, 99.999% availability, and offers scalability based on the demand of the ecosystem.

The state-of-the-art 3rd generation real-time payment processing platform offers an interoperable technology stack to enable ‘Open Ecosystem’ through a combination of Open Payments, Open Finance, and Open Data.

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Features

RS RealEdge™ can enable a digital payment market-infrastructure operator to offer equitable access for accelerated adoption, allowing Fintech (sponsored by financial institutions) to connect to the central infrastructure to submit payment initiation, while RS RealEdge™ orchestrates amongst debtor and creditor institutions and Fintech to process and confirm the payment in real-time. This enables an “open ecosystem” that enriches stakeholders accruing from the data-led insights from the central switch.

Performance

Ensures high throughput (2000 TPS), high volume, low latency with horizontaland vertical scalability and supports active-active deployment with 24×7 availability

Adoption

Enables easy integration for banks with ISO and proprietary messages
Exposes APIs for Commerce, Payments and Mobile-first via digital service layer

Settlement

Quickly creates raw data files, net positions, and settlement reports using a modified map-reduce pattern

Integration

Easy integration for participants with a convenient onboarding process

Security

Provides configurable n-factor authentication, 2048-bit end-to-end encryption, and enables Fraud and Risk management

Interoperable

ISO 20022 compliant system

Limit Management

Tracks the consumed limit of every participating bank against their respective Net Debit Cap

Cost Effective

Built using open-source technology, optimizing license cost and TCO

Our demonstrated track record

RS Software the team that exclusively built UPI, world largest real time payment rail. Setting the gold standard with innovative technology for market infrastructure to accelerate adoption, drive collaboration, and deliver real-time money movement.

India’s UPI is a global hallmark for real-time payment platforms – Transforming the livers of a Billion+ people by accelerating the adoption of digital commerce. RS Software’s relentless focus on customer experience, equitable access, ease, and convenience, has been critical to UPI’s accelerated adoption and resounding success.

RS Software has architected and designed the real-time payment system for a digital payment market-infrastructure operator in North America to offer future-ready, modern system for customers and businesses to experience 24×7 secure and transparent real-time payments.

Numbers are the best testimony to our credentials

10+ Bn

transactions processed in Aug 2023

1 Bn

transactions expected to be surpassed in a day by 2025.

99.999%

uptime ensuring extreme scalability

Insights

June 7, 2023 Redefining Payments: Tracing the evolution of Unified Payments Interface

Old dog, new tricks Unless you have been dwelling in a cave, it’s impossible to escape the mighty

December 8, 2022 RBI enhances UPI Mandates and expands Scope of BBPS

In his statement during the Monetary Policy Meeting on December 5-7, 2022, the RBI Governor announce

January 19, 2021 Is it time for the Nordics to learn payments innovation from India?

A column published in FinansWatch, by Kristian T Sorensen, Partner in Norfico, emphasizes the releva

Get in touch

Innovation DNA combines the best of RS corporate values to focus on constantly adding value to customers’ business

Contact

NORTH AMERICA & CANADA

1900 McCarthy Boulevard Suite #101 Milpitas, CA 95035
Toronto, Canada

ASIA
Development Center

Adventz Infinity, 11th Floor, BN Block, Sector – V, Kolkata 700091, India.

ASIA
Corporate Office

A-2, FMC Fortuna 234/3A, A.J.C. Bose Road Kolkata 700020, India

RS RealEdge™