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REN PAYMENTS PLATFORM
Modular Enterprise Platform for Building Custom Payment Solutions
Through its modular construction and microservices-based approach to development, the REN Payments Platform grows with you as your business navigates the opportunities in the changing payments landscape.
Create New Payments Experiences
Use REN’s modular, microservices-based platform and modern programming languages to realize significant operational efficiency and speed to market. Build solutions that support any payment type with 24×7 payment processing capabilities.
- The REN payments platform has modules for all types of solutions required by financial institutions, fintechs, retailers and other businesses for their payments requirements.
- Process any transactional data. Route information between applications and environments based on any type and size of data element including text, JPGs, PDFs, voice files, fingerprints, and QR codes.
- Enable your legacy system to deliver modern payments experiences and integrate with card and emerging payments networks.
- Deliver competitive products through participation with real time payment networks (domestic and cross border) as well as digital payments overlay services.
Use the modules of the REN payments platform to deliver:
- Acquiring
- Issuing
- Real Time Payments
- Open Banking
- Digital Payments
- Device Management
- Multi-Institution Switching
- Card Brand Gateway
- Monitoring and Data Analytics
Move Forward Confidently with a Reliable Platform
- Automated regression testing reduces errors. Memory, load and unit tests are performed with each source code submission, resulting in a report with successes and failures.
- Active-Active+ availability greatly reduces downtime. Operate REN across separate locations with redundancy of services and servers, eliminating scheduled downtime during updates.
Gain Efficiency In Your Operations
- Pre-processing eases the burden of end-of-day loads. REN spreads transaction processing across the course of a day, reducing EOD processing from hours to minutes in most cases.
- Improve the speed of your transaction processing times. Gain linear scalability on transactions per second with the addition of each server, including lower cost OEM-agnostic hardware.
- Leverage and communicate with existing systems from your company or valued third parties. REN’s API Gateway enables you to incorporate existing applications into your payments workflow.
REN Is Cloud Ready While Also Able to Address the Challenges with Modernizing Legacy Systems
Some investments in existing systems are too large to leave behind. The question is: Can your bank’s legacy system keep up with emerging technology before being disrupted?
In addition to its cloud capabilities, the REN Payments Platform offers banks the software needed to modernize existing data center operations and deliver “in-demand” retail payments solutions.
REN runs concurrently with legacy systems to provide the modern payments functionality your customers demand while ensuring payments data is compatible with your existing system.
Play Video about REN and Data Center Modernization
Note: For clarity, the REN Foundation mentioned in the video was recently re-named to the REN Payments Platform. They are the same product.
Flexible Deployments for Any Development Environment
On Premise
No ripping and replacing! REN works in parallel with your legacy system to modernize your payments stack gradually. Innovate — and pay — at your own pace.
Cloud
REN operates in popular cloud environments such as AWS, Microsoft Azure and Google Cloud.
Euronet Hosted
Access REN from one of Euronet’s worldwide data centers via open APIs.
Contact Us About REN
Do you have a question about REN and how it can help your business? Visit the Euronet Software Solutions website and request more information. We will respond to your inquiry as soon as possible.