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

  • Merchant Acquirers and Processors typically manage with large numbers of direct acceptance points spread across multiple locations combined with large numbers of host-to-host connections with larger merchants. The number of merchants managed by a given processor or acquirer introduces many potentially conflicting requirements for change to support changes in the merchants' business domain. Many large acquirers and processors are constrained in their desire to satisfy merchant requests by the ability to manage rapid concurrent change in the acquiring and processing platform. Traditional architectures from the 20th Century are predicated on card tokens and many predate the emergence of internet commerce.
  • The merchant marketplace changes at extreme pace in the 21st Century. Technologically aware customers adopt new payment methods rapidly creating pressure on merchants to accept new payment types, tokens and methods, which is transmitted in turn to the acquirer or processor. Traditional architectures predicated on cards reduce the flexibility and responsiveness of the acquirer or processor.
  • The innate flexibility of the RIPPS architecture provides a merchant acquirer or processor 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 merchant clients.

Banks & FI's

Acquirers & Processors

  • Merchant Acquirers and Processors typically manage with large numbers of direct acceptance points spread across multiple locations combined with large numbers of host-to-host connections with larger merchants. The number of merchants managed by a given processor or acquirer introduces many potentially conflicting requirements for change to support changes in the merchants' business domain. Many large acquirers and processors are constrained in their desire to satisfy merchant requests by the ability to manage rapid concurrent change in the acquiring and processing platform. Traditional architectures from the 20th Century are predicated on card tokens and many predate the emergence of internet commerce.
  • The merchant marketplace changes at extreme pace in the 21st Century. Technologically aware customers adopt new payment methods rapidly creating pressure on merchants to accept new payment types, tokens and methods, which is transmitted in turn to the acquirer or processor. Traditional architectures predicated on cards reduce the flexibility and responsiveness of the acquirer or processor.
  • The innate flexibility of the RIPPS architecture provides a merchant acquirer or processor 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 merchant clients.