REDWOOD SHORES, CA--(Marketwire - Jun 29, 2011) - Zuora, the subscription billing and commerce leader, today announced new partnerships with leading payment gateways and service providers to further position Zuora as the leader in subscription payments. The partnerships include Verifi, a provider of SaaS-based payment and risk management solutions; GlobalCollect, the world's premier payment service provider of local e-payments for international Customer Not-Present channels; Merchant e-Solutions, a global leader in payment processing services; and Moneris, one of the largest providers of payment processing solutions across the US and Canada.
As part of these partnerships, Zuora has developed pre-built, seamless integration between Zuora Z-Payments and each of the payment gateways and service providers. This enables Zuora customers to take advantage of powerful capabilities for fraud detection, chargeback management, and global payment processing.
"Since we became a Zuora customer, we've come to expect them to deliver innovation at an impressive pace. Our global audience recently hit 65 million unique viewers per month, with especially strong growth in the EU and Asia. With these new partnerships, we love the fact that we have even more flexibility in our subscription payments strategy. That's why we just launched our fourth Zuora-based subscription product, Premium Memberships," said Peter Sellis, Director of Product Management and Platform Monetization for Ustream.
These partnerships coincide with the Zuora's June '11 release, Zuora's 29th consecutive monthly product release, a pace of innovation only possible with a true multi-tenant SaaS billing platform. Every month, Zuora delivers new technology based on the feedback and experience of hundreds of customers who have already moved into the Subscription Economy. Customers can read about the details of the June '11 release at www.zuora.com/whatsnew.
Business-to-consumer merchants and service providers consistently face two persistent problems: chargebacks and declined payment card transactions. The impact can be significant in both operational and financial terms. With today's announcement, customers get the combined power of Zuora's subscription management and billing capabilities with Verifi's leading risk management, revenue recovery and global payment processing technology.
And as the Subscription Economy expands internationally, Zuora's partnerships with GlobalCollect, Merchant e-Solutions and Moneris will allow companies to launch services and accept payments in almost any country, including local Direct Debit Bank Transfers.
Verifi: "Fraud and payment risk management can pose a significant burden for all merchants, big and small, diverting resources and robbing the company of revenue that could otherwise support growth," said Cory Capoccia, Vice President, Strategic Partnerships, Verifi. "We're pleased to connect our global payment and risk management capabilities to the Zuora solution to help subscription businesses get the upper hand on true and friendly fraud as well as payment declines by empowering them to retain the revenue they've earned."
GlobalCollect: "The Subscription business, like e-commerce in general, is truly global in today's world," said Koen Vanpraet, CCO, GlobalCollect. "But when it comes to turning browsers into buyers, there is a demonstrated correlation between the number of localized payment methods offered and increased customer conversion rates. By partnering with GlobalCollect, Zuora gets access to an unrivalled portfolio of local and alternative payment methods in almost 200 countries which means they can present their subscribers with a choice of preferred payment options."
Merchant e-Solutions: "Companies are a lot like countries -- it takes the right alliances to succeed internationally," says Jim Aviles, COO of Merchant e-Solutions. "And in choosing to partner with us, Zuora recognizes we have just the tools they need for them -- and us -- to grow and thrive in the world economy, including our seamless, all-in-one processing system that doesn't rely on third-party gateways and software technology that lets Zuora conduct transaction in 165 currencies."
"As the Subscription Economy continues to gain momentum around the world, subscription businesses need first-class payment capabilities to maximize revenue and market reach," said Shawn Price, President, Zuora. "Zuora is working aggressively to build out our partner ecosystem with leading companies who provide the risk management and international payment processing capabilities our customers need to do business with any customer, anywhere, while protecting themselves from fraud."
Verifi is a leading provider of SaaS-based global electronic payment solutions for card-not-present merchants. The highly customizable payment and real-time reporting platform serves as a foundation for Verifi's suite of fraud solutions and risk management strategies. With a commitment of reducing risk while increasing profitability for clients, Verifi's multi-layered approach enables transaction risk management and mitigation, business optimization strategies, cardholder authentication and chargeback representment for all major credit card brands. Verifi is PCI Level 1 certified and headquartered in Los Angeles, California. For more information on Verifi, please visit: http://www.Verifi.com or please email us at Info@Verifi.com
GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present channels such as internet, mail and telephone orders, and specializes in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in almost 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices. www.globalcollect.com
About Merchant e-Solutions (MeS)
Merchant e-Solutions, founded in 1999, provides Internet-based payment processing solutions for merchants and banks. Merchant e-Solutions currently processes more than $14 billion dollars in payments for more than 65,000 merchants, supporting 150 global currencies and all major credit, debit and alternative payment solutions. The company specializes in services for e-commerce and card-not-present merchants and provides a comprehensive suite of payment solutions that are PCI compliant and designed to reduce merchant risk exposure. Merchant e-Solutions is headquartered in Redwood City, CA, with operations in Spokane, WA, and satellite offices in Minneapolis, MN, and Columbus, GA. For more information, go to http://www.merchante-solutions.com.
About Moneris Solutions
As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Through its Ernex division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.
About Zuora, Inc.
Zuora's subscription billing and commerce platform changes the way subscription businesses manage and sell to customers, allowing them to bring new products to market in less time, with more flexibility and less hassle. Zuora customers are up and running within 90 days and often recognize 200% ROI within weeks. Zuora is built from the ground up by SaaS industry visionaries and veterans from salesforce.com, WebEx, Accenture, Google, eBay, Oracle and Vitria. Zuora customers include Reed Business Information, InsideView, Marketo, Ricoh, Box.net, Ning, Ustream, Informatica, Barrett Xplore and Open Range. To learn more about Zuora, please visit www.zuora.com.