SOURCE: Vindicia

Vindicia

September 08, 2009 09:00 ET

Realtime Worlds Chooses Vindicia to Power APB Online Billing and Fraud Management System

Game Developer to Leverage Vindicia's Next-Generation Billing and Fraud Management Solutions

REDWOOD CITY, CA--(Marketwire - September 8, 2009) - Vindicia, a leading provider of on-demand billing solutions, today announced the addition of leading gaming publisher Realtime Worlds to its customer portfolio. Realtime Worlds will leverage Vindicia CashBox™ for its ability to support multiple business models -- subscriptions, virtual goods and virtual currencies -- and to simultaneously manage fraud while optimizing customer acquisition and retention.

As developers look to bring their games to the widest possible audience, understanding the complexities of international billing becomes crucial. According to research from InfoCom, 70% of the online gaming community is outside of North America. Vindicia allows global publishers like Realtime Worlds to immediately build a worldwide gaming community with full support for global sales tax, currencies and multi-language player communications.

In addition to support for multiple business models and international billing, Vindicia CashBox will support Realtime Worlds' requirements for fraud management. Online games are particularly vulnerable when it comes to fraudulent activity, ranging from stolen credit cards to money laundering to friendly fraud. With Vindicia CashBox, Realtime Worlds will minimize true fraud and recover revenue losses from friendly fraud.

"With the upcoming release of All Points Bulletin, we anticipate a diverse gaming audience from day one," said Rob Rice, VP of Online Operations for Realtime Worlds. "Vindicia CashBox provides us with the technical elegance and industry tested reliability to give us confidence that our audience will have the ability to choose from a variety of convenient billing methods appropriate for their markets. In such a highly competitive market with many polished and well established games already being played, the dependability and scalability offered by Vindicia CashBox will be an important part of our success."

"Launching an online game is a great challenge for any game developer," said Gene Hoffman, chairman and CEO of Vindicia. "Of all the decisions they have to make, the complex world of payments is one that Vindicia is built to simplify. Merchants like Realtime Worlds are building business models that maximize customer retention and revenue, and Vindicia is ideally positioned to support how their products reach their fullest potential via our billing and fraud management solution.

About Vindicia

Vindicia offers an on-demand billing solution 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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