GlobalCollect, a leading payment service provider, and Vindicia, a leader in enterprise-class subscription billing, have announced that the two companies have further integrated their platforms. This will enable digital media companies to effectively bill and accept payments from customers using a wide variety of business models and payment methods and across the increasingly borderless world created by the Internet.
The joint solution integrates Vindicia's CashBox - a marketing, CRM and billing platform - with GlobalCollect's global online payment service, which currently processes more than $14 billion per year in online transactions for more than 500 tier-1 e-commerce companies around the world. The combined offering will give companies who sell digital music, video, software, publications and other online goods and services the ability to quickly and easily acquire and grow their customer base and cement customer loyalty.
CashBox is a SaaS billing solution with integrated marketing best practices to optimize customer retention, enhance acquisition rates and minimize operational overhead. With CashBox, businesses selling digital content and services can take control of their business with detailed analytics and best practices to grow revenue. CashBox enhances customer acquisition and increases customer retention by 10 to 15%, while providing 99.99% reliability on a massive scale.
GlobalCollect's payment services platform offers digital merchants the ability to instantly acquire international customers in more than 170 countries and lets them pay with more than 150 different payment methods and 170 currencies, all with a single technical interface and one commercial contract. In addition, GlobalCollect's Professional Services and Business Intelligence offerings help customers elevate their payments strategies by quickly spotting issues and opportunities so they can take decisive action to optimize their payment flows and improve their conversion and success rates.