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Avangate Named Amongst Most Innovative Companies
November 25, 2014 - Avangate was named one of the most innovative companies in 2014 in the technology track by Business Magazin, a business publication.
The recognition was based on the latest addition to the Avangate commerce solution, the Revenue Recovery Tools. The RRT is an add-on that improves conversion and retention for recurring revenues lost due to passive churn and limitations of working with just a limited set of processors, an area traditionally reserved for only the largest of merchants - but now available to companies of all sizes.
RRT brings together extended credit account updaters, retry logic, gateway failure/ intelligent payment routing, as well as bundled advanced third party tools leveraging direct bank integrations and big data analysis. Typical recovery has averaged 20% of lost orders with early adopters recovering over 40% of churned revenues.
The Business Magazin Innovation Report contains details regarding the type of the innovation (technical, business, marketing), the effects of the innovation (on the company's financial results, the quality of the business environment, of people's lives, business partnerships and the society at large), along with a description of the practical implementation of the innovation: persons involved, duration and technical details.
To read more about Avangate's entry, read the 2014 Business Magazine Most Innovative Companies Report (in Romanian).
About 2Checkout (now Verifone)
Verifone is the payments architect shaping ecosystems for online and in-person commerce experiences, including everything businesses need – from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world’s best-known brands, small businesses and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 12B transactions worth over $500B on physical and digital channels.
Verifone’s 2Checkout platform is an all-in-one monetization solution helping clients drive global sales growth across online channels. Its digital services, including global payments, subscription billing, merchandising, taxes, compliance and risk, help clients stay focused on innovating their products while delivering exceptional customer experiences.
Get more information at www.2checkout.com
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