RS2 Software plc, which is listed on the Malta Stock Exchange, has signed a three-year comprehensive licence and service package agreement with KPS Payment GmbH und Co. KG, Bremen, Germany (KPS). Through this agreement, RS2 Software plc will provide KPS, which is the payment service provider for CTS Eventim AG, the BankWORKS system and any future modules. The agreement also covers among others services, system maintenance, mandated releases of card schemes, 24/7 support.
Speaking about the agreement, RS2 Chairman Reinhold Schäffter said: “We are always focusing on streamlining our operation and services to our customers by providing them with innovative products and services.” The agreement will enable KPS to further optimise and streamline the payment processing in the E-commerce business: The use of the BankWORKS software provided by RS2 allows KPS to offer, in addition to the currently available payment services, online transaction processing with VISA and MasterCard as well as Acquiring to its customers. KPS will be able to offer a complete solution, which results in short and secure, value-for-money payment methods in the E-commerce business. This further expansion of the value added chain fits very well in strategic objectives of KPS, which has already optimised other payment methods by speeding up the processes involved.
KPS’ Managing Director Peter Bunselmeier stated: “In the E-Commerce business, time to market, data security, speed and cost efficiency are major factors for the economic success of any service provider. This also applies to the electronic processing of payments. This agreement will enable KPS to react more quickly to customer and market demand for cost minimization and cost transparency. Having RS2 as a partner dedicating to us its expertise and resources to work closely with our team, while giving us access to all its modules and services, will allow us to be ahead of competition, especially since in Germany only few payment service providers are engaged in transaction processing. RS2 boasts years of experience in the specialized field of data and transaction processing. We are confident that BankWORKS – a high-end web-based payment solutions software – will be crucial for KPS to further increase its market share and meet business objectives.”
RS2 Software plc is a global provider of business-driven payment solutions and Internet services, IT consultancy and related services to banks and financial organizations, retailers and third party processors involved in the payment industry. Major banks, service providers and other financial institutions worldwide have recognised the value of utilizing RS2’s card payment products and expertise, to achieve crucial business objectives and business advantage.
KPS Payment GmbH & Co. KG provides payment services as well as debtor management and will now be able to offer even more favourable terms by adding transaction processing as an additional service. The company is among other things the principal service provider for payment transactions for the SDAX index listed CTS Eventim AG (ISIN DE 0005470306), being Europe’s market leader in the ticketing field with activities in 20 countries. More than 80 million tickets for more than 100,000 events are marketed annually via EVENTIM group systems. In addition to more than 8,000 stationary outlets in Europe, EVENTIM distributes tickets via call centres and especially via Internet platforms like www.eventim.de und www.getgo.de. With a combined 300 million plus visitors, the ticketing websites run by EVENTIM group have been by far the most successful European ticket portals in 2009.
Also an important part of EVENTIM group is the segment of live entertainment, incorporating the planning, organisation and promotion of concerts, concert tours, festivals and other live events. Majority stakes in several of the most important concert promoters in Germany, Austria and Switzerland, long time proven relationships to national and international artists, successful open air festivals and numerous other events secure an outstanding market position for EVENTIM group in the European concert and entertainment industry. The unique combination of live entertainment and ticketing in EVENTIM – a worldwide first – provides for a particularly attractive value added chain.
Source:http://www.independent.com.mt/news.asp?newsitemid=117949
