Recurly Wins CNP Award for Best Subscription/Recurring Billing Program
Delivering Improvements in Subscriber Economics and Operational Efficiencies Cement Recurly’s Position as a Leader in the Industry
San Francisco, CA–May, 22th, 2014–Recurly, the leading pay-as-you-go subscription billing management service, today announced it won the Judges Choice Award from CardNotPresent for the Best Subscription/Recurring Billing Program. The CNP Awards recognize the best companies, programs and solutions in the card-not-present payments industry.
“Our goal is to help merchants avoid unwanted churn and recover revenue. We achieve this by preventing credit card errors and declines and by surfacing business insights, specific to a subscription billing model.” said Dan Burkhart, CEO and co-founder of Recurly, Inc. “Being recognized by the CNP Awards further validates how critical our service is to helping merchants improve their business’ bottom line, by providing material improvements to a merchant’s monthly recurring revenue.”
One of the biggest challenges merchants encounter with recurring billing is the frequent declines of transactions from existing subscribers. Recurly automatically corrects for more than 60 of the most common error types and, as a result, re-captures revenue for merchants by reducing credit card errors and declines by up to 27 percent. The CNP Awards recognized Recurly for their work in optimizing subscriber economics, and improving customer retention for merchants.
Recurly makes complex billing and payment processes easy, helping merchants manage the many operational complexities required to succeed by delivering better automation, flexibility and business insights from transactional data. Its subscription billing platform supports recurring billing, metered billing for incremental consumption — such as pay-per-view experiences — as well as one-time purchases. The Recurly service enables companies to quickly create an online catalog of offerings and automate the entire billing cycle, from payments, upgrades, and downgrades to the management of credit card errors, declines and customer communications. With Recurly APIs companies can integrate their web offerings with Recurly’s billing platform, as well as their payment gateways of choice, for a seamless, end-to-end billing solution.
Now in its third year, the CNP Awards were presented at the CNP Expo in Orlando, Fla., on May 21, 2014. In each category, a panel of industry experts chose a Judges Choice award.
About the CNP Awards
The CNP Awards were created by CardNotPresent.com to recognize superlative achievement in card-not-present payment technology. The companies honored make accepting payments easier and more secure for card-not-present merchants. The CNP Awards are the only industry honors focused entirely on service providers in the card-not-present industry. For more information about the CNP Awards, the CNP Expo and CardNotPresent.com, contact Jen Casco at jenn(at)cardnotpresent(dot)com or call 978.761.9199.
Recurly, Inc. provides enterprise-class recurring billing management for thousands of subscription-based SaaS, Web 2.0, Mobile, content, and publishing businesses worldwide. Recurly’s service helps companies transform billing from a back-office cost center to a revenue optimizing competitive advantage. Businesses like AccuWeather, DishDigital, GigaOm, Vocus, Groupon, JibJab Media, HubSpot, Asana, LinkedIn, and Zillow depend on Recurly’s ability to deliver recurring billing automation. Since its launch in January of 2010, Recurly has deployed subscription billing for thousands of companies throughout North America and Europe. Recurly, Inc. is PCI-DSS Level 1, SAS 70 / SSAE 16 Compliant, and operates in compliance with the data protection practices outlined in the E.U. Safe Harbor agreement. For more information, visit http://recurly.com.