A Radiant Global Payment Solutions [RGPS] is a company that offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as bank transfers, and real-time bank transfer based on online banking.
Typically, a RGPS can connect to multiple acquiring banks, card, and payment networks. In many cases the payment service provider will fully manage these technical connections, relationships with the external network, and bank accounts. This makes the merchant less dependent on financial institutions and establishing these connections directly - especially when operating internationally. By allowing the business to simply deal with a single payment company (which has pre-existing relationships with acquiring banks throughout the world) a huge amount of time and effort can be saved building up a solid and trusting relationship with numerous banks throughout the world.
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