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©2000 Intelligent Systems |
CoreCard
Software Selected to Provide R2S Financial Group
with Card Management and Issuing System NORCROSS, Ga., December 17 – CoreCard
Software, Inc., a *PaySys International Inc.
spin-off and premier provider of next-generation
payment management and credit card transaction
processing systems today announced that R2S
Financial Group, a leading provider of
private-label card management, accounts
receivable management and financing services to
small and medium businesses, has selected the
company’s CoreISSUE™ real-time, card
management and payment processing system to
power its R2S Retail Solution. R2S
will be leveraging CoreISSUE’s next-generation
capabilities such as unlimited hierarchies,
real-time transaction processing, real-time
reporting, flexible billing cycles and 100
percent Web-based user-interface to provide its
merchants with an unlimited number of highly
differentiated and unique card schemes that
build customer loyalty and increase sales. It
will also be making CoreISSUE-enabled card
programs available to new merchant-clients. “R2S has always been committed to helping
our merchants build customer loyalty and
increase their store sales through dynamic and
highly customized private label card programs.
The CoreISSUE system allows us to do just that
through the rapid creation of multiple unique
credit plans. The system will also help us
streamline our costs by automating many of the
business processes within the credit card
management, payment processing, billing and
collections functions,” said Gene Spainhour,
president of R2S Financial Group. “We see the
system as an important competitive advantage in
our merchant acquisition strategy,” he added.
R2S will convert their existing portfolio to
the CoreISSUE system in phases over a six-month
timeframe.
“R2S has experienced more than modest
success and growth in the past few years and we
are pleased to have them as a customer,” said
Leland Strange, managing director of CoreCard
Software, Inc. “We look forward to a long and
productive relationship and are delighted at the
opportunity of being a part of their future
growth,” he added. CoreISSUE
is
a
modular, browser-based, card issuing system with
language and currency localization capabilities
for cross-border deployments. It provides
comprehensive, real-time processing of payments
and transactions including authentication,
authorization, clearing, settlement, customer
service, dispute management, statement and
letters generation, and collections. CoreISSUE runs
on Intel processor-based hardware and is
designed to scale regardless of portfolio size
or transaction volume. It supports an array of
physical and virtual card products including
association-based commercial and consumer
bankcards and private label products such as
stored-value cards, retail cards and
merchant-specific gift cards About
R2S Financial Group R2S
Financial Group has been providing private-label
credit solutions to independent retailers
throughout the United States since 1992.
Merchants served include specialty
men’s and ladies’ apparel operations, gift
shops, and home accessory stores.
R2S is based in Hickory, North Carolina.
For information about R2S, visit www.r2sfinancial.com
or telephone 828-327-9727. About
CoreCard CoreCard is the inventor of CoreENGINE™,
the first real-time universal card transaction
processing and lending software platform.
CoreISSUE, the first application developed using
CoreENGINE, provides card issuers with
unprecedented control and advanced functionality
that enable them to improve operational
efficiencies, create profitable credit plans and
increase revenues. Headquartered
in
Norcross, Ga., CoreCard is funded by Intelligent
Systems Corporation [AMEX: INS]. Other
institutional shareholders include Advent GECC,
Capital Resource Partners, Grubb & Williams
and Oak Investment Partners. For more
information, call 770-564-8000 or visit www.corecard.com. *PaySys International, Inc. is a wholly
owned subsidiary of First Data Corporation.
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