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Payment Insights

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Digital Overlay Services – Value-additions to future-proof payments
September 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…

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Bill Payments - A disruption waiting to happen
September 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…

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Staying ahead of Real-time Fraud
September 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…

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Nordic Payments and the P27 Initiative
May 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…

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Transformative infrastructure for e-payments
February 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,…

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Electronic Bill Payment using E-Mandate
February 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:…

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Bill Payment Network – A digital transformation infrastructure
February 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…

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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…

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The Three Facets of Fighting Against Fraud
December 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,…

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Demystifying Fraud Detection
December 10, 2019

Worldwide, fraud is manifested typically after payment credentials are compromised. Having said that, there are scenarios where “friendly frauds” are committed by the card or account holders themselves.…

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Intensifying M&A in the Payments World
September 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…

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Indian Unified Payments Interface (UPI) leading the world into digital instant payments
April 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 Institutions
November 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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RS Software, Paragon Application Systems Partner to Meet Demand for Next Generation Testing Solution
January 11, 2017

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.

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 for more information, and follow our blog at

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

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The More Things Change, The More They Cannot Stay The Same – Part Two
October 28, 2016

As mentioned in our last posting - "The More Things Change, The More They Cannot Stay the Same" - two years ago, Klaus Enzenhaufer, Director of Technology at Dynatrace and formerly at Compuware, wrote…

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Read about why leading payments brands trust RS Software