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Payment Insights

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Digital Overlay Services – The New Kid on the Block
March 22, 2021

The first two decades of the 21st century saw new and disrupting phenomena in the payments ecosystem. Before that, the payments world was going through a monotonous journey, dominated by card-based payments…

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

A column published in FinansWatch, by Kristian T Sorensen, Partner in Norfico, emphasizes the relevance of payments in the Nordics and talks about how the National Payments Corporation Of India (NPCI)…

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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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