We use a mobile first approach to configure and implement Payabbhi – a game-changing digital merchant-acquiring platform for commerce led payments. This helps enable faster payment methods for B2B and B2C payments, and digital wallets for card and account based payments.
Customer sentiment globally is rapidly changing the way payment technology is evolving. The digital native consumers demand a mobile first, always on, instant service with a seamless experience. With peer-to-peer cashless payments gaining traction, every person on earth is now a point of acceptance.
We thought, how can payment players address this market of billions? What can they do to remain competitive while focusing on regulatory requirements and security? In an increasingly cashless economy, technology and innovation will play a key role in driving competitive differentiator for payment industry players.
How we empower our customers
RS Software helps our clients to:
Drive transformative growth
Deploy multiple-terminal devices
Our full suite of EMV certified terminal applications comes with a comprehensive, manufacturer agnostic, and cloud-enabled terminal and estate management solution. This provides merchants and PSPs the flexibility to deploy multiple-terminal devices across a brand manufacturer.
Enable omnichannel acceptance
Our solutions such as RS iFinSwitch™, and RS MerchantEdge™, and Terminal Application enable acceptance across payment channels and methods.
Build or integrate new capabilities
We help build or integrate new capabilities for alternate payment methods, faster payment solutions, market place lending, equated monthly installments (EMI), digital wallets, closed-loop card (issuance and acceptance) solution, etc.
Reduce time to market and optimize cost
We deliver automation, testing, and certification services to accelerate readiness for advanced authentication specifications like 3DS2 and Secure Remote Commerce (SRC). Our testing sandbox for pre-compliance testing enables faster certification for EMVCo 3DS2.X, EMV level 3, and bi-annual releases.
Achieve faster time to market
We help clients co-innovate with FinTechs and developers by owning API strategy to implementation.
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
Implemented an API-first, cloud-first, mobile-first, omnichannel merchant acquiring and payments platform for the US market.
Executed API-zation roadmap development for a large payments processor which had grown over the years through large number of M&A.
Delivered new capabilities to enhance payment security with solutions including tokenization, EMVCo 3DS authentication, third party risk, and fraud solutions, and end-to-end encryption etc.
Realtime technology for banks
Implemented faster payments (UPI) for the acquiring and issuing processing services available for banks in India.