RS2 exhibits at a Payment Innovation Summit in Shanghai

RS2 participated as an exhibitor at the Payment Innovation (China) Summit 2011 (PiCS 2011) that was held at the Renaissance Shanghai Pudong Hotel on the 10^th and 11^th November 2011. This event brings together elites from various organisations in the payment industry such as central banks, regulatory authorities, commercial banks, telecommunication operators, payment and settlement institutions and payment solution and service providers.  The delegates present at this event were Chairmen, Chief Executive Officers, Senior Vice Presidents, Managing Directors, Sales and Marketing Directors amongst others.

Mr Radi El Haj who is currently the Director of Sales and Implementation at RS2 was present to meet attendees at the event and explain the benefits which RS2’s payment solution BankWORKS, offers to their businesses. 

Mr El Haj will take on the position as Chief Executive Officer of RS2 in 2012, replacing Mr Mario Schembri who will take on the position as Chairman of the company.

During the event, Mr El Haj had the opportunity to discuss in private meetings the product functionalities and how BankWORKS can be adapted to suit the needs of the customer. Mr El Haj was accompanied by Ms Silvia Feng who is a Senior Manager in corporate communications at Edelman. Ms Feng was hired by RS2 in order to diminish the language barrier during this event. 

China sees a tremendous growth in the payment industry due to the rapid development in its economy and an increase in the demand and expectations on payment products and services from the large number of internet and mobile users. It is predicted that e-payment transactions in China will exceed 2 trillion yuan by 2011. The improvement in payment regulatory environment and the fact that traditional businesses are now also operating in an electronic format, are two of the many components that are ushering the Chinese payment industry in an era of development and innovation.

The Pre-Paid card market is also developing in a rapid manner in China, where some organisations already obtained the license to start issuing Pre-Paid cards.

The country is also upgrading the entire payment infrastructure in order to be able to improve its banking services to their consumers and to be able to successfully compete in the international market.

Notes to Editors

About RS2 Software p.l.c.

RS2 Software p.l.c., is a global provider of Card Management Systems software, IT consultancy and related services to international and domestic banks, service providers, and other financial organisations.

RS2’s solutions are focused on the BankWORKS^® suite of application modules. BankWORKS^® is a powerful modular high-end card management system designed to meet current and future requirements in the international payment card industry.  The system meets processing requirements defined by banks, service providers, as well as other organisations participating in diverse card businesses.  The system’s modules include Card Issuing, Merchant Acquiring, Transaction Processing, Clearing, Settlement, Reporting, Dispute Management and Internet Services.

Please find further information at www.rs2.com

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