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.

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The Core Processing Engine is a vital part of BankWORKS giving the basic fundament of all common processes in relation to card issuing, acquiring or clearing operations. The optional module in BankWORKS are all utilizing the same core engine to process all financial transactions, posting, calculation of fees and charges, updates of accounts according to product parameters, and produce data for general ledger.

The main benefit for using Core Processing Engine is improved speed due to optimized processing and lower maintenance cost through reduction of errors and effective trouble shooting.

The Core Processing Engine Module forms the nucleus of the BankWORKS and includes:

Customer Relationship Management

Product and Service Management

Transaction Processing

Financial Accounting

Sub-General Ledger

Customer Communication

Online Processing

As one of few payment solutions, all updates of information in BankWORKS are taking place online real-time. This means that no periodic updates needed to refresh financial information from the "front-end" to the "back-end". BankWORKS utilizing one central database were all information are kept and updated online. Online real-time updates results in a cost effective processing and fraud prevention.

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