SOURCE: Vindicia

Vindicia

October 26, 2009 09:00 ET

TransUnion Interactive Deploys Vindicia CashBox for Next-Generation Online Billing Management

Vindicia to Manage Billing for Financial Information Solutions

REDWOOD CITY, CA--(Marketwire - October 26, 2009) - Vindicia, a leading provider of on-demand strategic billing solutions, today announced TransUnion Interactive, the wholly-owned direct to consumer subsidiary of TransUnion, LLC, has deployed Vindicia CashBox.

As a leader in consumer credit information products, handling more than 20,000 transactions per day, TransUnion Interactive helps consumer users understand and safeguard their credit. After a comprehensive competitive review, TransUnion Interactive selected Vindicia for its proven product and its ability to handle rapid growth. TransUnion Interactive will also leverage Vindicia's support for both one-time and subscription-based transactions.

"Vindicia provides us with a flexible billing infrastructure that will enable us to easily scale as demand increases," said John Danaher, President, TransUnion Interactive. "Vindicia demonstrated its expertise in both one-time and subscription-based online services, and we look forward to delivering enhanced servicing of our customers by leveraging the CashBox solution."

"Most companies don't realize how much billing drives customer acquisition, retention and lifetime value," said Gene Hoffman, chairman and CEO of Vindicia. "With more consumers turning to the web for services that stretch far beyond music and book purchases, the ability to scale while guaranteeing a trusted environment is increasingly important. In fact, in our fourth year of compliance we lead the industry by handling over 230,000 transactions a day on behalf of our merchants."

Vindicia CashBox provides its customers with the flexibility to implement multiple business models, offer several payment options, from credit cards to electronic checks to alternative payment methods, calculate the appropriate sales tax, and manage chargebacks to an appropriate level.

About Vindicia

Vindicia offers an on-demand strategic billing solution for marketing and sales that manages subscriptions and one-time payments for online merchants. We work with some of the best-known brands on the Internet, including Symantec, Activision Blizzard, Intuit, and Atari/Cryptic. As an externally audited PCI Service Provider and a SAS 70 Type II company, Vindicia securely handles online revenue of over a billion dollars annually. For more information, visit www.vindicia.com.

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