RS2 plc - Processing Agreement with EPS

On 22 July, RS2 Software plc issued a press release revealing a comprehensive service agreement reached between RS2 Smart Processing Limited (a wholly owned subsidiary of RS2 Software plc) and European Payment Systems (also known as e-pay systems) – an international and global payment service provider based in Austria offering payment transaction service solutions for cashless payments for all popular credit cards at the point of sale and as an e-commerce solution.

RS2 will be providing managed services for POS acquiring (mainly including transaction processing and tracking at point-of-sale), e-Commerce and Mail-Order/Telephone-Order (also comprising transaction processing but over the internet or mobile payments) as well as Card Issuing and Loyalty (to manage one’s clients).

The online 24×7 authorisation and processing services will be provided via Tier 1 infrastructure installed in two data centres in Madrid and Frankfurt with direct connections to the International Bank Card associations.

Radi El Haj, CEO of RS2 Smart Processing, commented that “we are delighted to work closely with EPS’s energetic and innovative team to assist them in providing state of the art services to their Cardholder, Merchants and PSP’s.”

Utilising RS2 Smart Processing services will enable EPS to provide their European merchants with full SEPA compliance services. International merchants of EPS will also benefit from the central acquiring service of BankWORKS enabling them to transact in multi-currency and utilise the multi-lingual reporting and statement capability of the system.

Both RS2 and E-Pay systems look forward to extending their service to many more merchants globally during 2014 across the BankWORKS Service Providers platform.

Mr Christoph Steffen, Chief Executive Officer for E-Pay Systems commented that “we shortly started the cooperation with RS2 and we are incredibly proud that we have such an experienced and powerful partner like RS2. We are thrilled with these systems, our customers are supplied with the latest technology and we are looking forward to manage really great projects simply with RS2 technology”.

Meanwhile, Mr. Patibanda Venkata Ravi Teja, CTO of EPS European Payment Systems Group stated that “Co-operation with RS2, who provides world’s leading edge technological solutions in the sector of payment, gave us tools to be in a standing position in the ever competitive world sector. Thanks to their innovative platform, we are able to provide secure, instant and across the globe services in the sectors of card present and card non-present payments. Using our E-Pay Gateway, we are able to provide payment services all over the world. Using our Multi-National Payment Platform, we are able to host some of the biggest PSP’s and also issue cards in co-operation with several multi-national banks. I am really glad that we have such an astonishing collaboration with RS2 Intelligent Payment Systems.”