SOURCE: Vindicia

Vindicia

February 02, 2010 09:00 ET

Vindicia Further Expands Payment Method Support for CashBox

CashBox Offers Online Merchants Broad Customer Acquisition Capabilities

REDWOOD CITY, CA--(Marketwire - February 2, 2010) - Vindicia, a leading provider of on-demand strategic billing solutions, now offers one of the broadest collections of payment methods available for online billing. Vindicia CashBox™ supports clients on a global basis with diverse online payment options in all major currencies, all fully integrated for seamless billing.

Just last month, the company announced that it had added PayPal -- both PayPal Express Checkout and PayPal's enhanced recurring billing solution, known as "reference transactions" -- to its arsenal of payment method support. While credit and debit cards accounted for the majority of online transactions in 2009, nearly 45 percent and 17.1 percent respectively according to Datamonitor, consumers continue to drive a mounting interest in alternative options, with convenience having the greatest impact on consumer choice.

As the digital landscape continues to evolve and grow in sophistication, so do online customer acquisition opportunities -- with two or three payment methods providing optimal customer support. Vindicia also ensures ease of implementation since all payment methods share its built-in scalability, analytics and sales tax engine, making payment method support expansion straightforward.

Specifically, Vindicia CashBox now supports:

--  Credit and debit cards (including JCB, Switch/Solo and Carte Bleu)
--  Electronic Check (ACH in the United States)
--  PayPal
--  Boleto Bancário -- one of the most popular online payment methods in
    Brazil
--  European Direct Debit, specifically ELV in Germany and Austria

"Our clients are keenly aware of current consumer payment trends and demands, and their global businesses require support for a broad mix of payment methods," said Steve Klebe, senior vice president, business development, Vindicia. "We understand that integrating with each payment method involves more than just connectivity to include dispute management, retry logic, fraud screening and other elements of the payment lifecycle."

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 TransUnion Interactive. 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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