RS2 Smart Processing Partners with PXP to Deliver Managed Acquiring Services Across Europe
RS2 Smart Processing, a leading global payment processing subsidiary of RS2 and PXP , a global omnichannel payment platform have partnered to deliver end-to-end managed acquiring services and card scheme processing, powered by RS2’s BankWORKS® platform.
The collaboration provides PXP with a single acquiring infrastructure for both card-present (CP) and card-not-present (CNP) transactions across Visa, Mastercard and Diners Club helping to streamline processing across multiple European markets and card schemes.
Through integration with the RS2 Online Switch, the platform provides real-time transaction authorisation, dynamic interchange prediction and scheme fee calculation. It also supports daily clearing and settlement, including same-day clearing, merchant settlement, integrated dispute management and automated reconciliation feeds.
The service will support PXP’s payment service provider acquiring operations across more than 30 European markets. These include the United Kingdom, Germany, France, Italy, Spain, the Netherlands, the Nordic countries, and markets throughout Central and Eastern Europe.
Radi El Haj, CEO of RS2 Group, said: “Our partnership with PXP demonstrates the strength and flexibility of the BankWORKS® platform in supporting complex, multi-market acquiring operations. By combining real-time transaction processing with advanced interchange prediction, scheme fee calculation, settlement and reconciliation capabilities, we are providing PXP with a resilient and scalable foundation for its continued growth across Europe, while simplifying the complexity of managing acquiring operations across multiple markets”.
Kamran Hadjiri, CEO of PXP, said: “This partnership strengthens the infrastructure behind our acquiring operations and enhances our ability to serve merchants consistently across more than 30 European markets. RS2’s technology and managed processing expertise provide the performance, operational control and scalability we need to support both card-present and card-not-present payments across multiple card schemes”.
The partnership brings together RS2 Smart Processing’s processing technology and managed services with PXP’s acquiring capabilities and European market reach. The resulting infrastructure is designed to simplify complex acquiring operations while delivering efficient, reliable transaction processing throughout the payment lifecycle.