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Subscription Billing Service Launches Payment Gateway

Dec. 5, 2011

Recurly, Inc., a San Francisco-based subscription billing service provider, has released a payment gateway designed specifically for recurring billing. The company said the payment gateway enables organizations that provide services on a subscription basis to access subscriber renewal management capabilities and credit card error optimization achieved in the past only by expensive custom-built systems. A partnership with Columbus, Ga.-based payments processor TSYS, Recurly said the gateway is able to help its customers optimize retention, minimize churn and extend the lifetime value of subscribers under their management, according to Dan Burkhart, CEO of Recurly. “Integrating directly with TSYS for credit card processing gives us a unique ability to provide services to our customers that others cannot,” Burkhart said. “We’re working on addressing the hardest credit card processing challenges so that our customers receive the benefits of our service while avoiding the need to invest in an area that is non-core to their business.”

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