LONDON, December 1, 2015 /PRNewswire/ --
Vindicia's CashBox used to manage payments for new service
Vindicia, a leader in enterprise-class subscription billing, today announced that BBC Worldwide, the commercial arm of the BBC, has chosen Vindicia's CashBox solution to manage ecommerce on BBC Store, a new direct-to-consumer retail platform that enables audiences to buy and keep copies of their favourite BBC TV programmes. BBC Store will be integrated with the BBC's catch up service, BBC iPlayer, enabling consumers to search, purchase and watch BBC content in one single journey.
BBC Worldwide decided to redesign its ecommerce platform in line with the new service launch. Vindicia's CashBox will form the payment platform and ensure BBC Worldwide can process payments, allowing customers to credit their e-wallet and view previous purchases.
"BBC Store allows UK audiences to buy and keep digital copies of the BBC television programmes they love," said David Gibbons, director of global operations at BBC Worldwide. "We're delighted to have a payment platform that will manage this effectively and enhance our customers' experience of BBC Store."
Gene Hoffman, chief executive officer and chairman at Vindicia, said: "Vindicia's CashBox solution enables audiences to buy BBC content quickly and easily using cash available in their e-wallet, or via other means, such as PayPal or store-bought gift cards."
Vindicia's CashBox is a Software as a Service (SaaS) solution ideal for companies wanting to develop their direct to consumer business. Through subscription billing and micro-transactions, companies can take advantage of digital payment practices. The platform is scalable and adapts to cope with spikes in demand.
Vindicia is empowering some of the world's most recognisable organisations, including NASCAR and Vimeo.
About BBC Worldwide
BBC Worldwide is the main commercial arm and a wholly owned subsidiary of the British Broadcasting Corporation (BBC). Its vision is to build the BBC's brands, audiences, commercial returns and reputation across the world. This is achieved through investing in, commercialising and showcasing content from the BBC around the world, in a way that is consistent with BBC standards and values. The business also champions British creativity globally.
In 2014/15, BBC Worldwide generated headline profits of £138.6m and headline sales of £1,001.8m and returned a record £226.5m to the BBC. For more detailed performance information please see our Annual Review website:
Vindicia brings enterprise-class innovation to consumer-facing subscription billing to help digital companies acquire and retain more customers by making payments seamless, secure and easy. Vindicia keeps customers connected to the subscription services they love, and companies connected to the subscription revenues they need. Vindicia has processed more than $21 billion globally and generates over $90 million in annual incremental revenue for clients. Clients include TransUnion Interactive, IAC, Bloomberg, Vimeo, and Next Issue Media. Vindicia was recently ranked the number one billing software solution on the market by Business-Software.com, and recognized as a "Top 100 Promising Tech Companies" by CIOReview magazine. For more information visit: http://www.vindicia.com.
Claire Ayles, Finn Partners
T: +44-(0)20-3217-7063 / M +44-(0)7867-518-094 / E: VindiciaTeam@finnpartner.com