MONTREAL, May 13, 2014 /PRNewswire/ - GlobalOne, a division of Pivotal Payments, a leading provider of merchant services and global payment processing solutions, today announced that it has joined the Recurring Revenue Alliance™, led by ServiceSource (NASDAQ: SREV), the global leader in recurring revenue management. The Recurring Revenue Alliance brings together best-in-class applications, platforms, system integrators and other technology companies in order to help businesses solve recurring revenue challenges. As a member, GlobalOne brings new solutions, experience and best practices for automating the recurring revenue payment process through better data management, integration and analytics.
GlobalOne is a powerful payment gateway and global acquiring platform. A single integration provides international acquiring capabilities with real-time connectivity to over 130 worldwide networks and banks, plus support for over 60 currencies and alternative payment schemes. The platform ensures merchants doing business globally pay the lowest possible rates by offering smart transaction routing to the most cost-efficient acquirer and helps merchants comply with international tax requirements, easing entry into new markets. For sellers requiring robust subscription management, GlobalOne includes a world-class recurring billing module, secure card storage and an account updater service that automatically corrects outdated card information, minimizing payment disruptions to improve conversions.
Valued at $310 billion, the recurring revenue market for maintenance, subscriptions and support is a crucial area for SaaS and technology companies. Alliance members provide solutions that enable companies to easily connect systems and data across existing CRM, quoting and ERP systems, implementing and automating a highly effective renewals process to generate revenue, increase retention and improve bottom-line business results. Other announced members of the Recurring Revenue Alliance include Aria Systems, Avangate, BigMachines, Centrify, GoodData, Hoopla, MuleSoft, Okta, Pactera, salesforce.com and Xactly.
"E-commerce and payment automation capabilities are a foundational component of the recurring revenue economy," said Chris Mills, vice president of Product Marketing at ServiceSource. "By joining the Recurring Revenue Alliance, GlobalOne is contributing to an improved payment ecosystem that supports subscription and other cloud-based services."
"We are constantly seeking new ways to grow our merchants' revenue streams and elevate the purchase experience for their customers," said Philip Fayer, president and CEO of Pivotal Payments. "As Recurring Revenue Alliance members, our goal is to provide business owners with the means to attract and retain those customers through broader awareness and best practices for recurring billing."
GlobalOne is a powerful payment gateway and global acquiring platform that helps merchants increase revenue, reduce operating costs and reach a global clientele. A single point of integration provides access to 60+ processing currencies, connectivity into 130+ networks and banks and the ability to accept all major forms of electronic payments, including local and alternative methods. Intelligent transaction routing, interchange optimization and a host of revenue generating technologies such as recurring billing, decline recycling and an automatic account updater are built directly into the payment gateway. GlobalOne is a division of Pivotal Payments, serving more than 70,000 customers and processing over US $12 billion in annual bankcard sales volume. Learn more at www.globalone.me
About Service Source
ServiceSource® International, Inc. (NASDAQ: SREV) is the global leader in cloud-based recurring revenue management solutions. The company helps customers drive growth and build long-standing relationships across the customer lifecycle with the industry's most comprehensive data management, analytics, automation and services capabilities. Through Renew OnDemand™, Scout® and proven services, ServiceSource delivers higher subscription, maintenance, and support revenue, improved customer retention, and increased business predictability. Headquartered in the Cloud Corridor of San Francisco, ServiceSource® manages over $14.5 billion in recurring revenue for the world's largest and most respected technology and B2B companies.
SOURCE Pivotal Payments