Who We Serve

W_H

The Payment ecosystem is evolving at a rapid pace, Acquirers, Merchants, Banks and Financial institutions are learning to adopt and keep pace with this change. A direct result of this is the need to launch innovative payment products, streamline converging channels and ensure simple, safe and secure transactions.

At the core of a payment transaction is the ability to authorize, switch and route transactions seamlessly while changes in business requirements can be rapidly implemented into the switching solution. RIPPS the 21st century solution from RenovITe has been designed from ground up to be a scalable, modular and secure product that can be deployed by the various stakeholders i.e Acquirers, Merchants, Banks and Financial institutions.

Merchants

Acquirers & Processors

Banks & FI's

  • Financial Institutions typically process transactions for their cardholders that originate from many channels. The rapid pace of change in these channels combined with regulatory change driven by card schemes forces any competitive financial institution into a cycle of constant change release. On top of the external drivers for change, a financial institution must satisfy the internal demand from its own business that wishes to launch new services for its account holders.
  • Traditional architectures from the 20th Century are predicated on card tokens and many predate the emergence of internet commerce. They are predicated on cards and fixed channels, which reduces the flexibility and responsiveness of the institution.
  • The revolutionary flexibility of the RIPPS architecture positions an institution with the ability to rapidly deploy services to facilitate new payment methods and tokens with a reduced cost of change leading to an improved service for their account holders.In a world of decreasing customer loyalty and increasing consumer awareness, the ability to launch new services rapidly is a key requirement for customer retention and new account opening, especially among the millennial generation.

Banks & FI's

  • Financial Institutions typically process transactions for their cardholders that originate from many channels. The rapid pace of change in these channels combined with regulatory change driven by card schemes forces any competitive financial institution into a cycle of constant change release. On top of the external drivers for change, a financial institution must satisfy the internal demand from its own business that wishes to launch new services for its account holders.
  • Traditional architectures from the 20th Century are predicated on card tokens and many predate the emergence of internet commerce. They are predicated on cards and fixed channels, which reduces the flexibility and responsiveness of the institution.
  • The revolutionary flexibility of the RIPPS architecture positions an institution with the ability to rapidly deploy services to facilitate new payment methods and tokens with a reduced cost of change leading to an improved service for their account holders.In a world of decreasing customer loyalty and increasing consumer awareness, the ability to launch new services rapidly is a key requirement for customer retention and new account opening, especially among the millennial generation.