February 2008 - RS2 visits President of Malta

Shortly after the close of the User Forum, RS2 management headed by its Chairman and founder, Reinhold Schaeffter paid a courtesy visit to His Excellency Dr. E.Fenech Adami, President of the Republic of Malta. The delegation discussed matters of mutual interest particularly in the ICT arena. Mr. Schaeffter presented the President with a gift for the Malta Community Chest Fund.
February 2008 - RS2 User Forum

The much anticipated RS2 User Forum was held on the 19th and 20th February. Clients and sponsors expressed their appreciation for the hospitality shown by RS2 and commented on the professional organisation of the event and depth of content directly relevant to the clients present in the forum.
December 2007 - S-Bank Ltd, launches Europe's first Visa debit and credit multi application EMV card in Finland

S-Bank Ltd is the first issuer in Finland and in Europe to offer the Visa Credit and Visa Debit multi application on chip and PIN payment cards, presenting exciting opportunities for customers and issuers alike. As a new entrant to the banking market, S-Bank is demonstrating its commitment to innovation by leading the way in harnessing the true power of the chip to benefit customers. The installation of BankWORKS with its suit of modules for Issuing , Acquiring, Clearing, etc including all required interfaces to the various systems at S-Bank have been delivered with high quality and according to the project plan allowing the bank to start its operation on time.
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The variable memory capacity and processing ability of the ICC means that chip cards can be multi-functional. One card could operate as a credit card, a debit card and an electronic purse. Chips improve the management of loyalty programs and provide security for distance banking and remote payments, for example over the Internet The main reason for migrating to Chip technology is security. Ensuring the integrity of payment systems has always been a race between bankers and fraudsters which is why the three main payment card schemes Europay, MasterCard and Visa (EMV) believe that the time has come to replace the magnetic-stripe technology by the Chip card technology to stay ahead of fraudsters. Certainly for a period of time Chip cards will continue to have a magnetic stripe on the back of the card until Chip terminals are fully deployed.


Migration to Chip technology means also a unique opportunity to offer a variety of value-added services, such as E-Purse, GSM and customer loyalty point management amongst others, on the same platform.


The Smart Card Solution in BankWORKS? provides a smooth transition into this new technology by providing Issuer and Acquirer modules that include:


        Card Personalization and Production

        ATM & POS Acquiring

        Own Authorization

        Back-Office Clearing & Settlement


All transaction formats is developed in line with the EMV standard.
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