Bank of New Zealand Selects RS2 and Alpha Fintech for Merchant Acquiring System Modernization
FRANKFURT / MELBOURNE, 16 APRIL 2021 – RS2 Group, the leading global payment solutions and technology provider, has concluded a processing outsourcing agreement with its business partner Alpha Fintech to provide acquiring services to Bank of New Zealand in New Zealand. RS2 and Alpha Fintech provide the processing capabilities using RS2’s single global platform for large financial institutions, payment service providers (PSPs), independent software vendors (ISVs), and payment facilitators (PayFacs) around the globe, positioning Bank of New Zealand to be the leader in the New Zealand market, offering its merchants and payment partners first-class acquiring services.
RS2 and Alpha Fintech have successfully completed the migration of all Bank of New Zealand acquired merchants onto RS2’s cloud-based global platform. The move enables Bank of New Zealand to swiftly provide new services for their customers and creates a foundation for future payment services for New Zealand merchants, as well as existing payment partners.
“We are excited to partner with Alpha Fintech in the Asia-Pacific market to build on the success with Bank of New Zealand to expand its offering into the market” said David Amato, Head of Sales and Client Relationship Management of RS2.
“To be a competitive merchant acquirer today, a fusion of a number of independent as well as ideally interoperable best-in-class solution providers is key. Integrating RS2’s back end into Alpha’s simplified abstraction layer now provides acquirers with the world’s most feature and data-rich solution set via one offering” stated Oliver Rajic, CEO of Alpha Fintech.
About RS2 Software plc
RS2 is a leading provider of global omnichannel payment software and processing solutions for both issuing and acquiring on one single platform. The RS2 platform is built on the latest technology providing an end-to-end payment solution to banks, large financial institutions, integrated software vendors (ISVs), payment facilitators (PayFacs), independent sales organizations (ISOs), and merchants throughout Europe, North America, Latin America (LATAM), the Asia Pacific (APAC) region, and the Middle East – covering various industries such as travel, hospitality, retail, gaming, FX, and health care. With offices around the world, RS2 supports over 250 clients in more than 35 different countries, processing thousands of transactions per second in over 200 currencies and settling in more than 80 cross omni-channel. Through a single API, RS2 provides Integration and a fully- automated sandbox for customer onboarding, processing and reporting. RS2’s services cover omni- channel global acquiring, including POS, in-app transactions, mPOS, e-commerce, MOTO, e-wallets and APM. RS2 also enables clients’ issuing strategies, including products such as virtual pre-paid, gift, loyalty, corporate and purchasing cards. RS2 delivers consolidated reporting of all payments methods on a single statement and also provides integration to customer’s general ledger accounting system.
About Alpha Fintech
Alpha Fintech is a global leader in providing end-to-end payment solution that consolidates payment, risk and transaction into one visible and user-friendly platform. Alpha Fintech connects merchant buyers and vendor suppliers across the entire payment lifecycle through a single API and UI. Alpha Fintech’s platform brings operational simplification, the elimination of point-to-point integrations and perpetual maintenance thereof, the ability to monetise hidden data assets and significant cost-savings.