SOURCE: Vindicia

Vindicia

June 23, 2009 09:00 ET

Vindicia a Perfect Match for Online Buddies

Online Buddies Implements Vindicia's CashBox™ Billing System for Global Subscription Growth

REDWOOD CITY, CA--(Marketwire - June 23, 2009) - Vindicia, a leading provider of on-demand payment management software, today announced that Online Buddies, a leading online dating community, has implemented its on-demand CashBox billing system for improved subscription management. Both companies will be at the Internet Dating Conference (iDate) in Los Angeles from June 24-26.

Online Buddies is the largest online dating service for the gay community with three million active members in more than 100 countries around the globe. Online Buddies will use Vindicia's CashBox solution to support its billing needs across its diverse communities. Critical to Online Buddies' business strategy is Vindicia's support for global payment methods -- from credit cards to Boleto Bancario, a specific payment method in Brazil. Equally important is Vindicia's status as a PCI Level 1 Services Provider and a SAS 70 Type II audited company.

"We understood the value of best-in-breed billing going in and were thorough in our investigation, but Vindicia's ability to provide a solution that supports so many facets of our business far exceeded our expectations," said Rich Scott, Chief Financial Officer, Online Buddies. "Vindicia CashBox will allow us to expand internationally by handling sales tax and supporting multiple payment processors, and our members will continue to receive the premier support they've come to expect from us."

Dating is the web's third highest revenue grossing industry, and one that is expected to surpass the $1 billion mark this year. With one billion Internet users relying on the Web for everything from news to entertainment to shopping, online dating is poised for continued growth.

"Online dating companies understand the importance of managing rapid community growth," said Gene Hoffman, chairman and CEO, Vindicia. "Our ability to handle more than 200,000 transactions a day offers a peace of mind not found with other subscription billing solutions. Beyond scale, a billing infrastructure that manages the payment process start to finish, while focusing on customer acquisition and retention, is critical. In today's competitive market it can determine whether or not a site succeeds or fails."

To see a CashBox product demonstration, please attend the company's presentation at iDate on Thursday, June 25 at 4:30 p.m. or visit Vindicia booth # 32.

About Vindicia

Vindicia offers an integrated, on-demand billing and fraud management solution for online merchants. Vindicia CashBox is a best-of-breed billing system for creating and managing recurring and real-time payments and helps merchants improve customer retention and maximize profit. Vindicia ChargeGuard provides automated fraud screening and chargeback management services that enable merchants to recover lost revenue. A PCI Service Provider Level 1 and SAS 70 Type II audited company, Vindicia is a key payment management resource for some of the best-known brands on the Internet. For more information, visit www.vindicia.com.

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