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 BankWORKS solution supports all aspects of Card Issuing and Acquiring Services needed by financial organisations 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 productivity and enhance client services as it also supports you with risk and fraud management.




Card Processing Engine

Card Issuing

Merchant Acquiring

Interchange Clearing

Online Authorization

PIN Management



Domestic and International Products BankWORKS supports a wide range of domestic and international card products through a highly flexible parameter-driven product set-up:


        Revolving Credit

        Charge

        Debit

        Deposit

        Corporate

        Purchasing

        Installments

        Private Label

        Loyalty

        Smart Cards

        Affinity


Primary Functions The primary function of BankWORKS is to process card issuing and acquiring transactions. The software offers broad functionality within the following key activities:


        Application Processing

        Risk Management

        Online Authorization Control

        Customer Relationship Management

        Cardholder and Merchant Agreements

        Product and Service Management

        Institution Business Rules Management

        Service Provider Management

        Card Management

        Merchant Management

        Billing and Statementing

        Clearing and Settlement

        Sub-General Ledger

        Statistics and MIS Reporting


Design & Architecture Built around a core processing module, BankWORKS is structured on multi-tiered client server architecture. It embraces open technology which allows the system to run on single or multiple servers and to exploit the ever increasing power of multi-processor technology. In applying five design principles:


        Modularity

        Scalability

        Functionality

        Parameterization

        Adherence to Industry Standards


BankWORKS offers clients the ability to tailor installations to meet specific business doing challenges and processing requirements thus achieving realistic cost benefits in an ever changing environment.
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