Csgir: Multiple links to the company's own website removed
FSS is a global digital payments<ref>Liquid error: wrong number of arguments (1 for 2)</ref> and fintech company<ref></ref>, with headquarters in India. The company has 150+ global customers, a team of 3000 payment professionals and presence in India, Africa, Asia Pacific, Europe, Middle East and North America.
FSS offers an integrated payments portfolio of Software Products & Custom Solutions and ATM, POS & Hosted Services. With 25+ years of experience in the payments domain, FSS offers expertise in Issuance, Omnichannel Acquiring, Switching & Payment Processing, Reconciliation & Settlement, Monitoring, Security (Risk & Fraud) and Analytics across various delivery channels and ecosystems.
FSS’ customers include Banks, Central Regulators, Governments, Financial Intermediaries including third-party electronic Payment Processors, Merchants and Payment Associations.
== Integrated Payments Portfolio ==
In its 25+ years of operations, FSS has been part of the digital payments revolution. FSS’ offerings accept, authenticate, authorize, process, reconcile and fulfil payment transactions that are secure. FSS offers an integrated Payments Portfolio that consists of the following:
* Software Products & Custom Solutions
* ATM, POS & Hosted Services
=== '''Software Products & Custom Solutions''' ===
FSS Software products are PCI PA-DSS compliant and SaaS-ready. These products address requirements in the following areas of a payment ecosystem.
* Issuance
* Omnichannel Acquiring
* Switching & Payment Processing
* Reconciliation & Settlement
* Monitoring
* Digital Security, Risk & Fraud
* Mobile Banking
* Analytics
FSS leverages its expertise in system integration and partner solutions (in the areas of switching and automation testing) to offer Custom Solutions listed below:
* Product Engineering Solutions
* Switching and Migration Solutions
* Specialized Solutions
* Digital and Automation Solutions
=== '''ATM, POS & Hosted Services''' ===
FSS manages ~43,000 ATMs for 30+ banks. The company offers end-to-end ATM services that include:
* ATM Deployment
* ATM Management
* File Exchange / EJ Pulling
* ATM Monitoring
* Cash Management
* Field Support
FSS also offers Payment Processing services (FSSNeT) and is the largest payments processor in India. Leading-edge technology, PA-DSS certified products & PCI DSS 3.2 Certified environment, scalable payment processing infrastructure and domain expertise combine to make FSS Hosted Services sought after. A CMMI Level 3 assessment and an ISO 9001:2015 certified Quality Management System ensure the highest levels of compliance from approx. 100 customers.
FSSNeT offers a wide spectrum of services in the areas of:
* Issuance
* Omni-Channel Acquiring
* Switching & Payment Processing
* Reconciliation & Settlement
* Digital Security
* Mobile Banking
* Analytics
== Business Credentials ==
FSS’ capabilities in the domain of digital payments is best established by its credentials. Here are a few:
* Implemented transaction processing switch for 150,000+ ATMs
* Currently manages and operates 42,000+ ATMs for 30+ banks
* Enabled the issuance of 650+ Million Debit Cards
* Enabled the issuance of 70 Million Prepaid Cards
* Processes approx. 5.5 Million transactions per day on FSSNeT
* Largest Payment Gateway in Asia and processes 1 Billion transactions
* Processes 300+ Million Mobile Banking transactions
* Reconciles 9+ Billion transactions
== Awards & Recognition ==
* Best Alternative or Digital Payments Program of the Year at Payments & Cards Awards, India, 2018<ref></ref>
* Best White Label Payment Gateway of the Year at Payments & Cards Awards, India, 2018<ref></ref>
* Best Mobile Experience (International Fintech) Award at Customer Experience Summit, USA, 2017<ref>Liquid error: wrong number of arguments (1 for 2)</ref>
* Debit Card Initiative of the Year (implemented for State Bank of India) at ABF Retail Banking Awards, India, 2017<ref> Asian Banking & Finance|website=asianbankingandfinance.net|access-date=2018-12-03}}</ref>
* Best ATM Managed Service Provider of the Year at Payments & Cards Awards, India, 2017<ref name=":0"></ref>
* Best Banking Cards Service Provider of the Year at Payments & Cards Awards, India, 2017<ref name=":0" />
* Best Mobile Experience Provider Award for FSS AadhaarPay at Best in Bank Customer Experience Summit, USA, 2017<ref> Financial Software and Systems|website=www.fsstech.com|language=en|access-date=2018-12-03}}</ref>
* Best Alternative Payments Project for FSS AadhaarPay at Annual Payments Awards, UK, 2017<ref> Payment Week|date=2017-11-21|work=Payment Week|access-date=2018-12-03|language=en-US}}</ref>
* Best Retail Payment Project for FSS Prepaid Card Management Solution (implemented for ICICI Bank) at The Asian Banker Technology Innovation Awards, India, 2016<ref> Financial Software and Systems|website=www.fsstech.com|language=en|access-date=2018-12-03}}</ref>
* Technoviti Awards 2016 for Technology Innovation in Financial Services at Technoviti - Banking Frontiers, India, 2016<ref> Technoviti 2016|website=bankingfrontiers.com|language=en-US|access-date=2018-12-03}}</ref>
== Board of Directors ==
'''Founder, Chairman and Managing Director'''
* Nagaraj Mylandla (https://ift.tt/2ALYzNX)
'''Wholetime Directors'''
* Rudhraapathy J (https://ift.tt/2UbDMfO)
* Sharada Mylandla (https://ift.tt/2ALYAS1)
'''Independent Directors'''
* C N Ram
* Bask Iyer (https://ift.tt/2U9Kgfc)
'''Investor Nominee Directors'''
* Bala Deshpande
* Srinivas Chidambaram
* Rahul Garg (https://ift.tt/2AICjoi)
== PE Funding till Date ==
* In 2000, The Carlyle Group made an investment of USD 2.5 Million
* In 2004, The Carlyle Group made another investment of USD 10 Million
* In 2009, Investment firms NEA and NYLIM Jacob Ballas jointly invested USD 30 Million
* In 2014, Premji Invest (the investment office of Wipro’s chairman and founder Mr. Azim Premji) made an investment of USD 57 Million<ref>Liquid error: wrong number of arguments (1 for 2)</ref>
== References / Citations / Links ==
FSS offers an integrated payments portfolio of Software Products & Custom Solutions and ATM, POS & Hosted Services. With 25+ years of experience in the payments domain, FSS offers expertise in Issuance, Omnichannel Acquiring, Switching & Payment Processing, Reconciliation & Settlement, Monitoring, Security (Risk & Fraud) and Analytics across various delivery channels and ecosystems.
FSS’ customers include Banks, Central Regulators, Governments, Financial Intermediaries including third-party electronic Payment Processors, Merchants and Payment Associations.
== Integrated Payments Portfolio ==
In its 25+ years of operations, FSS has been part of the digital payments revolution. FSS’ offerings accept, authenticate, authorize, process, reconcile and fulfil payment transactions that are secure. FSS offers an integrated Payments Portfolio that consists of the following:
* Software Products & Custom Solutions
* ATM, POS & Hosted Services
=== '''Software Products & Custom Solutions''' ===
FSS Software products are PCI PA-DSS compliant and SaaS-ready. These products address requirements in the following areas of a payment ecosystem.
* Issuance
* Omnichannel Acquiring
* Switching & Payment Processing
* Reconciliation & Settlement
* Monitoring
* Digital Security, Risk & Fraud
* Mobile Banking
* Analytics
FSS leverages its expertise in system integration and partner solutions (in the areas of switching and automation testing) to offer Custom Solutions listed below:
* Product Engineering Solutions
* Switching and Migration Solutions
* Specialized Solutions
* Digital and Automation Solutions
=== '''ATM, POS & Hosted Services''' ===
FSS manages ~43,000 ATMs for 30+ banks. The company offers end-to-end ATM services that include:
* ATM Deployment
* ATM Management
* File Exchange / EJ Pulling
* ATM Monitoring
* Cash Management
* Field Support
FSS also offers Payment Processing services (FSSNeT) and is the largest payments processor in India. Leading-edge technology, PA-DSS certified products & PCI DSS 3.2 Certified environment, scalable payment processing infrastructure and domain expertise combine to make FSS Hosted Services sought after. A CMMI Level 3 assessment and an ISO 9001:2015 certified Quality Management System ensure the highest levels of compliance from approx. 100 customers.
FSSNeT offers a wide spectrum of services in the areas of:
* Issuance
* Omni-Channel Acquiring
* Switching & Payment Processing
* Reconciliation & Settlement
* Digital Security
* Mobile Banking
* Analytics
== Business Credentials ==
FSS’ capabilities in the domain of digital payments is best established by its credentials. Here are a few:
* Implemented transaction processing switch for 150,000+ ATMs
* Currently manages and operates 42,000+ ATMs for 30+ banks
* Enabled the issuance of 650+ Million Debit Cards
* Enabled the issuance of 70 Million Prepaid Cards
* Processes approx. 5.5 Million transactions per day on FSSNeT
* Largest Payment Gateway in Asia and processes 1 Billion transactions
* Processes 300+ Million Mobile Banking transactions
* Reconciles 9+ Billion transactions
== Awards & Recognition ==
* Best Alternative or Digital Payments Program of the Year at Payments & Cards Awards, India, 2018<ref></ref>
* Best White Label Payment Gateway of the Year at Payments & Cards Awards, India, 2018<ref></ref>
* Best Mobile Experience (International Fintech) Award at Customer Experience Summit, USA, 2017<ref>Liquid error: wrong number of arguments (1 for 2)</ref>
* Debit Card Initiative of the Year (implemented for State Bank of India) at ABF Retail Banking Awards, India, 2017<ref> Asian Banking & Finance|website=asianbankingandfinance.net|access-date=2018-12-03}}</ref>
* Best ATM Managed Service Provider of the Year at Payments & Cards Awards, India, 2017<ref name=":0"></ref>
* Best Banking Cards Service Provider of the Year at Payments & Cards Awards, India, 2017<ref name=":0" />
* Best Mobile Experience Provider Award for FSS AadhaarPay at Best in Bank Customer Experience Summit, USA, 2017<ref> Financial Software and Systems|website=www.fsstech.com|language=en|access-date=2018-12-03}}</ref>
* Best Alternative Payments Project for FSS AadhaarPay at Annual Payments Awards, UK, 2017<ref> Payment Week|date=2017-11-21|work=Payment Week|access-date=2018-12-03|language=en-US}}</ref>
* Best Retail Payment Project for FSS Prepaid Card Management Solution (implemented for ICICI Bank) at The Asian Banker Technology Innovation Awards, India, 2016<ref> Financial Software and Systems|website=www.fsstech.com|language=en|access-date=2018-12-03}}</ref>
* Technoviti Awards 2016 for Technology Innovation in Financial Services at Technoviti - Banking Frontiers, India, 2016<ref> Technoviti 2016|website=bankingfrontiers.com|language=en-US|access-date=2018-12-03}}</ref>
== Board of Directors ==
'''Founder, Chairman and Managing Director'''
* Nagaraj Mylandla (https://ift.tt/2ALYzNX)
'''Wholetime Directors'''
* Rudhraapathy J (https://ift.tt/2UbDMfO)
* Sharada Mylandla (https://ift.tt/2ALYAS1)
'''Independent Directors'''
* C N Ram
* Bask Iyer (https://ift.tt/2U9Kgfc)
'''Investor Nominee Directors'''
* Bala Deshpande
* Srinivas Chidambaram
* Rahul Garg (https://ift.tt/2AICjoi)
== PE Funding till Date ==
* In 2000, The Carlyle Group made an investment of USD 2.5 Million
* In 2004, The Carlyle Group made another investment of USD 10 Million
* In 2009, Investment firms NEA and NYLIM Jacob Ballas jointly invested USD 30 Million
* In 2014, Premji Invest (the investment office of Wipro’s chairman and founder Mr. Azim Premji) made an investment of USD 57 Million<ref>Liquid error: wrong number of arguments (1 for 2)</ref>
== References / Citations / Links ==
from Wikipedia - New pages [en] https://ift.tt/2EetO8G
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