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2Checkout Named a Major Player in 2017 IDC MarketScape for Subscription Management

IDC report

ATLANTA, GA - December 19, 2017 - 2Checkout (formerly Avangate), a leader in eCommerce, payments and subscription billing solutions, today announced it has been named a Major Player in the IDC MarketScape for Worldwide Subscription Relationship 2Checkout Management 2017 Vendor Assessment (doc #US43172417, November 2017).

The IDC MarketScape is a premier vendor assessment tool, providing in-depth quantitative and qualitative technology market assessments of subscription relationship management vendors. Delivered in a full-length research version and summarized in an easy-to-read graphical depiction, the report provides professionals with the critical information necessary to select a subscription management vendor within the context of their business needs.

Alex Hart
Alex Hart
Avangate CEO

"More than 70% of the transactions we're currently processing through the Avangate digital commerce platform are for subscription-based products, up from 49% in 2012. We experience first-hand this massive shift to subscriptions, for which our platform and services are well equipped. We're proud to have been named a Major Player in this rapidly growing space and appreciate all of the customers who took the time to share their experiences for the report," said Alex Hart, 2Checkout's CEO.

For more information on the 2017 IDC MarketScape, visit the dedicated IDC report page.

About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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

Media Contact

Adela Dincea

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