News

FSS receives honors for prepaid, online, alternative payment solutions

May 10, 2019

Financial Software and Systems Pvt. Ltd., a digital payment and financial technology company, has been recognized for excellence and leadership in cards and payments at the 2019 Golden Globe Tigers Awards held in Malaysia.

The company received top honors for its prepaid card management suite, payment gateway and eFInclusiv in the categories "Best Prepaid Card Product," "Best Online Payment Solution" and "Best Alternative Payment Solution."

FSS Prepaid Card Management Suite is a complete solution for end-to-end lifecycle management of cards from application processing to reissuance or account closure. The suite supports open and closed loop cards across multiple categories, and incorporates instant issuance, loyalty, extensive reporting, and comprehensive security controls.

FSS Payment Gateway, a white-label solution, powers digital payments acceptance and processing for tier one banks and merchants. Out-of-the-box integration enables merchants to accept any currency via any payment method originating from any channel. The gateway provides dynamic currency conversion, optimized checkout with support for recurring and card-on-file transactions, advanced real-time fraud detection capabilities and 3DS-compliant customer authentication. 

FSS eFinclusiv brings consumers and merchants into the formal financial services fold. Customers can open accounts and deposit, withdraw and transfer monies at agent locations equipped with micro-ATMS. Micro-merchants can use low-cost mobile devices on a scalable acceptance network to accept biometric-based payments. FSS eFinclusiv utilizes the India Stack to enable Know Your Customer, eSign and Aadhar Vault capabilities.

"We are proud to receive this prestigious international recognition," Suresh Rajagopalan, President of Retail Payments at FSS, said in the release. "The achievement is an acknowledgement of FSS technology expertise and ongoing commitment to bring relevant market innovation to address a range of payment needs and advance the growth of digital payments. "