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Press Release

Bank of America Merchant Services and Recurly Team Up to Help Merchants Boost Subscription Revenue

May 6, 2019

CHARLOTTE – Bank of America Merchant Services, a leader in payments, eCommerce and security solutions, and Recurly, Inc., the enterprise-grade subscription management platform, are teaming up to help merchants generate revenue from subscribers and better measure their business health, subscriber engagement and customer loyalty to drive profitability.

“Bank of America Merchant Services' partnership with Recurly provides our subscription-based clients a competitive advantage by offering their customers a simple solution to sign up for their service and includes actionable insights to help them grow,” said Bank of America Merchant Services CEO Tim Tynan.

Businesses that use Bank of America Merchant Services' payments processing and Recurly's subscription management platform can benefit from:

  • The ability to accept payments on a global scale
  • Increased flexibility with a variety of customer subscription plans and billing options
  • Management of the full subscriber lifecycle from acquisition through retention
  • Better-informed business decisions as a result of in-depth analytics and insights

“We're delighted to be closely aligned with Bank of America Merchant Services to serve the large and rapidly-growing subscription commerce market,” said Recurly CEO Dan Burkhart. “As more businesses embrace the subscription model, they'll find a great fit in our complementary capabilities.”

For additional information on how Bank of America Merchant Services can help your business, visit https://merch.bankofamerica.com. Find more tips to help you run your business more efficiently at www.facebook.com/bankofamericamerchantservices and www.linkedin.com/company/bank-of-america-merchant-services/.

About Bank of America Merchant Services

Bank of America Merchant Services brings together market-leading payment, eCommerce and security solutions to help businesses optimize global digital commerce and improve their customer's purchase journey.

The company processes 17.3 billion transactions at more than 700,000 merchant locations throughout the U.S., Canada and Europe. Bank of America Merchant Services guides businesses from the Fortune 50 to neighborhood establishments through the evolving world of payments.¹ To learn more, please visit https://merch.bankofamerica.com/ or follow us on LinkedIn or Facebook.

About Recurly

Recurly, Inc. delivers an enterprise-grade subscription management platform to manage the entire subscription lifecycle for market-leading businesses worldwide. Businesses depend on Recurly's ability to harness the power of the subscription model and drive recurring revenue growth. Since its launch in 2010, Recurly has deployed subscription billing for thousands of companies across 32 countries, making it the most trusted subscription management platform. Recurly, Inc. is PCI-DSS Level 1, SAS 70 / SSAE 18 Compliant. For more information, visit https://recurly.com.

 

1 Per the Nilson report, March 2019, Issue #1149 and Bank of America Merchant Services data, March 2019

Bank of America Merchant Services and Recurly are separate, unaffiliated companies offering complementary services. They would provide merchants their services in this solution under separate contracts.

Reporters may contact:
Juliene Conway
Bank of America Merchant Services
juliene.conway@bankofamericamerchant.com
980.388.6187

 

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