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.

June 2008 - New bankWORKS modules and brochures released

The new Dispute Management System is now fully released and ready for installations. A brochure can be found here. The Chip Card issuing and acquiring brochures have also been updated.


more ...

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Card Issuing is probably the most complicated activity in the card business. Competition in the market is fierce. A card issuer must be in a position to offer the customer a variety of services based upon the prevailing conditions in the market. The service must be delivered on a timely basis in order to quickly react to changing market conditions.


To meet these requirements, BankWORKS offer a flexible and efficient Card Payment system for handling applications, cardholders, corporations, merchants, products and services, individual client agreements, as well as risk management, accounting and reporting.


The BankWORKS Issuer System allows a client to tailor the system to meet requirements in line with their business strategy. The entire module is highly parameterised and allows customized configurations to fit the needs of the user organization, the way they want to run their business and the various services and outputs they require.


Key Features

Automated Application Processing

Customer Relationship Management

Corporate Structures/hierarchies

Client and Market segmentation

Institution Business Rules

Product and Service Management

Price Structures

Client Agreement Management

Card Management

Authorization processing

Financial Accounting

Statistics and MIS Reporting


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