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Vindicia and GlobalCollect Ink Partnership Agreement
[March 21, 2011]

Vindicia and GlobalCollect Ink Partnership Agreement

Mar 21, 2011 (Close-Up Media via COMTEX) -- Vindicia announced it has entered into a partnership with GlobalCollect to give its customers access to an unrivalled portfolio of local, international, and alternative payment methods.

This strategic cooperation offers Vindicia's merchants in the digital goods space the opportunity to obtain best of breed billing and subscription services, combined with GlobalCollect's broad range of payment options via its single-interface platform WebCollect.

Sanjay Sarathy, SVP Marketing of Vindicia, said: "Digital merchants are focused on how to maximize the loyalty and value of their customers, and the combination of Vindicia CashBox and GlobalCollect provides a compelling solution for merchants to optimize their online marketing and payment processes." Koen Vanpraet, CCO of GlobalCollect, added: "Vindicia's key objective is to support online merchants across multiple business models, from subscriptions to micro transactions, and they handle over 250,000 international transactions daily for some of the largest merchants in the digital world. GlobalCollect's key objective is to offer access to a portfolio of payment methods in over 200 countries to help its clients reach previously inaccessible target groups by catering to locally preferred payment choices. The benefit is twofold: it will boost Vindicia's conversion rates and increase end consumer satisfaction." Vindicia is a provider of SaaS billing solutions that help digital leaders optimize customer retention and acquisition through integrated marketing best practices.

GlobalCollect is a Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specializes in a range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content.

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