October 2008 - RS2 sponsors handball club

RS2 Software p.l.c. recently sponsored the Kavallieri Handball Club which consists of four teams - Men Senior, Men Promotion, Ladies and the U16 Boys.

October 2008 - RS2 signs agreement with Croatian Postal Bank

RS2 Software p.l.c. recently signed a three-year comprehensive license and service package agreement with Croatian postal bank Hrvatska Postanska Banka (HPB).

October 2008 - RS2 signs new agreement with Nordic company

EDB, a leading Nordic IT provider, has signed an agreement with Sweden's largest chain of petrol stations. The agreement which runs for five years and is one of the largest contracts for card services that EDB has won in the Swedish market will involve the delivery of payments services for the chain's customers. EDB will be using the RS2 bankWORKS platform to provide the basis for its products and services in this area.

September 2008 - Oracle Certified Partner status

RS2 Software p.l.c., a global software provider of bankWORKS card management solutions has today announced that it has achieved Oracle Certified Partner status within the Oracle Partner Network (OPN).

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The BankWORKS solution supports all aspects of Card Issuing and Acquiring Services needed by financial organisations to operate as professional players in the card market. BankWORKS handles information on all your products, customers and merchants within one single integrated solution. It supports comprehensive management information to improve business decisions, and helps you increase productivity and enhance client services as it also supports you with risk and fraud management.

Card Processing Engine

Card Issuing

Merchant Acquiring

Interchange Clearing

Online Authorization

PIN Management

Domestic and International Products BankWORKS supports a wide range of domestic and international card products through a highly flexible parameter-driven product set-up:

        Revolving Credit

        Charge

        Debit

        Deposit

        Corporate

        Purchasing

        Installments

        Private Label

        Loyalty

        Smart Cards

        Affinity

Primary Functions The primary function of BankWORKS is to process card issuing and acquiring transactions. The software offers broad functionality within the following key activities:

        Application Processing

        Risk Management

        Online Authorization Control

        Customer Relationship Management

        Cardholder and Merchant Agreements

        Product and Service Management

        Institution Business Rules Management

        Service Provider Management

        Card Management

        Merchant Management

        Billing and Statementing

        Clearing and Settlement

        Sub-General Ledger

        Statistics and MIS Reporting

Design & Architecture Built around a core processing module, BankWORKS is structured on multi-tiered client server architecture. It embraces open technology which allows the system to run on single or multiple servers and to exploit the ever increasing power of multi-processor technology. In applying five design principles:

        Modularity

        Scalability

        Functionality

        Parameterization

        Adherence to Industry Standards

BankWORKS offers clients the ability to tailor installations to meet specific business doing challenges and processing requirements thus achieving realistic cost benefits in an ever changing environment.