July 2008 - First RS2 BankWORKS Web contract signed in Middle East

Following the successful implementation of the bankWORKS WEB release in various countries in Europe, RS2 Software p.l.c. has recently signed the first bankWORKS WEB contract with one of its existing clients in the Middle East. This contract underlines RS2's commitment to continuously upgrade its systems with new cutting edge technology, and clients' confidence in RS2's new technology developments.

June 2008 - RS2 IPO fully subscribed

RS2 Software p.l.c. is pleased to announce that it has decided to close the subscription lists immediately upon reaching the 12,500,000 shares threshold established under the Combined Offering.

June 2008 - RS2 announces oversubscription of pre-placement exercise

RS2 Software p.l.c. announces that it has successfully attracted subscriptions in excess of the threshold of 50% of the Combined Offering during the pre-placement stage.

June 2008 - RS2 signs Eur600,000 contract with New York firm

RS2 Software p.l.c. has signed a Eur600,000 contract with Transworks LLC of New York. Transworks LLC is an independent sales organisation which facilitates the card transaction process and acts as an intermediary between banks and retailers, and will be processing more than 400 million transactions per year. This falls in line with RS2's current expansion plans to further penetrate the US market and to enhance its potential for growth.


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End-to-End Solution
BankWORKS is a end-to-end solution supporting all aspects of Card Issuing and Acquiring Services needed by financial organizations 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 productively and enhance client services as it also supports you with risk and fraud management.


Time-to-Market, a key to Success
The BankWORKS Product Management allows the discrete, individually parameterized control of each product and services and its business rules. New terms and conditions for products and customers segments can easily be introduced by bankers without involving computer specialists. New products, such as new credit, charge, debit, and loyalty cards and others can be launched rapidly to capitalize on a business opportunity.


All Major Card Organizations Supported
BankWORKS Modules and components have been approved and certified by Visa, Europay, MasterCard, American Express, Diners Club and JCB. BankWORKS can also be adapted to any domestic infrastructure for authorization processing and bilateral clearing.


Scalable to Business Growth
BankWORKS offers flexibility of hardware and software processing upgrades. To meet with increasing business opportunities and new products offerings, the scalability is a key factor in every card payment system. The modular architecture of the system enables to provide structured software components addressing specific customer requirements. This allows the customer to achieve short-term objectives, whilst at the same time positioning themselves with a platform designed for future growth in terms of volume, service and product expansion.


Multi-Currency
As one of very few solutions in the market, BankWORKS provides full multi-currency support of foreign currency, including the Euro. Multiple foreign exchange rates are maintained in the system and separate FX conversion rules are defined for each level of conversion. All FX related accounting entries are automatically generated according to internationally accepted accounting. Cross-border acquiring and issuing is also fully supported.


Service Provider & Multi-Language Facility
BankWORKS is designed to operate in a multi-institutional environment for service providers at a single installation using the cross-environment facility. A number of service providers world-wide are using this facility today with great success. BankWORKS is also a multi-language system that can easily be tailored to local languages for screens and reporting without any programming. Multiple languages can be operated in the system simultaneously through an integrated dictionary function.


Leading Edge Technology
RS2 Software PLC is focused on being one of the leading edge companies within new technology and new business areas, and are continuously developing and upgrading our solution according to client and market requirements. The development are supported by a number of personell including a research team dedicated to providing better and improved features to meet market trends and requirements. RS2 are working in close relationship with business partners such as Visa International , Europay International and other third party partners.


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