RS Software, Paragon Application Systems Partner to Meet Demand for Next Generation Testing Solutions

Application Systems (Paragon)
, the financial services industry’s
leading provider of next generation testing solutions, today announced
that it has partnered with RS
Software India Limited
, a provider of digital payment technology
solutions that builds payment infrastructure for countries all across
the globe and helps businesses transition from legacy to modern
e-payment systems. The alliance addresses the growing demand for testing
solutions that provide better automation and more comprehensive code
coverage, enabling financial services providers to avoid the hefty cost
and risk associated with legacy testing tools.

Paragon provides a suite of testing solutions that automates and
virtualizes end-to-end testing of payment systems and ATM networks.
These solutions equip organizations to deploy a testing platform that
optimizes existing legacy and digital testing assets and frees testing
professionals from manual, repetitive tasks. RS Software’s expertise in
deploying solutions within high performance, high availability networks
will enhance Paragon solutions by adding the knowledge and support
required to address specific needs.

“The payments landscape has grown increasingly more complex over the
past decade,” said Jim Perry, CEO of Paragon. “A steep increase in the
number and variety of endpoints, an expanding number of consumer devices
and payment apps, the rising expectation of ‘always-on’ availability and
increased levels of regulatory scrutiny have all contributed to that
fact. However, the testing methodologies used to ensure that these
e-payment systems remain reliable have not kept pace with these changes,
creating a glaring discrepancy that we aim to correct.”

The ongoing cost pressures and accompanying expectation to do more with
less have been the primary contributors to the testing challenges
financial services providers face. Organizations find themselves
addressing more intricate payments testing needs with higher stakes and
a leaner workforce. In addition, rapid innovation and competitive
pressures in the marketplace are driving the need to deliver new
products and services more quickly and with higher quality.

Raj Jain, chairman of RS Software, said, “Testing is critical to all
software applications, and even more so for payments that impact
consumers’ everyday lives. The majority of payments testing today
involves quality assurance staff manually running isolated tests using
desktop tools located in physical labs. Because this manual method
forces testers to conduct a wide array of tests in an attempt to locate
critical errors – something akin to shooting in the dark at times –
often only around 20 percent or less of the desired scenarios are
actually tested, leaving entirely too much to chance. With our
partnership with Paragon, we will strive to increase code coverage and
improve the way testing is conducted for organizations across the globe.”

About RS Software (India):

RS Software India Ltd. is a digital payments focused solution provider
to the electronic payments industry, operating in four continents with
its US headquarters in Silicon Valley, corporate headquarters in
Kolkata, India and offices in the United Kingdom and Singapore. RS
Software has been in business for more than twenty-five years providing
solutions to leading payments brands around the world including payment
networks, processors, acquirers, issuers, and ISOs. RS Software has
built solutions for the introduction of new standards such as EMV and
emerging payment areas like mobile and contactless payments, while
enhancing the ability of its clients to manage their legacy systems. RS
Software is now engaged in building country level digital payment
infrastructure as well. The domain focus makes RS Software a partner of
choice for its customers and an employer of choice for its employees.

About Paragon

Paragon Application Systems is the leading independent provider of
simulation, configuration, certification and end-to-end testing
solutions for the financial services industry. Paragon’s solutions have
enabled more than 600 financial institutions, major interchanges,
software providers and payment processors across 90 countries to improve
their quality and reduce time to market. The company has a 90+ percent
customer retention rate providing software and services that allow
organizations to deliver the services their customers need when they
need them. Visit
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Click here
to download Paragon’s complementary whitepaper outlining seven key
capabilities of next generation payments testing solutions to learn more.

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