RS2 Software p.l.c. published its Interim Financial Statements for the first half of the year 2011. The financial statements show a revenue of €4.7 million, a 67 per cent increase over the first six months of 2010.

Source: The Times of Malta             Download

RS2 Software introduces latest technology to help its customers, especially service providers, to minimise downtime during scheduled software maintenance.

RS2 Software introduces latest technology to help its customers, especially service providers, to minimise downtime during scheduled software maintenance.

For financial organisations availability is vital. Even a moment of downtime could be very expensive, if not disastrous, for such a business. Take for example the increasing pressure on banks to process transactions quickly, efficiently and securely in a world where the consumer has come to expect to pay and be paid in real-time.

With the timetable now set for the SEPA, payment software provider RS2 Software is warning that Centralised Acquiring and Reconciliation is crucial to preparing acquiring banks in Europe for compliance.

Acquiring is such a vital part of modern banking processes that it is important to keep a close eye on the systems which make it possible. Acquiring involves the crediting of bank transactions – from a host of different sources – to the correct merchant account, ensuring compliance by passing those transactions through the appropriate clearing systems.