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Amdocs’ Vindicia Integrates with Google Pay, Allowing Online Merchants to Provide Consumers with a Seamless and Secure Payment Option

Google Pay is now available on the Vindicia subscription billing and recurring payment platform

SAN MATEO, Calif., Dec. 11, 2018 (GLOBE NEWSWIRE) -- Vindicia, an Amdocs company (DOX) and a leader in business-to-consumer subscription management solutions, today announced that Vindicia® CashBox® now supports Google Pay, the fast, simple and secure way to pay in millions of places, whether on Websites, mobile apps or at stores. Vindicia CashBox is a market-leading subscription billing platform specifically designed to help merchants enhance their customer acquisition efforts, maximize customer retention and expand their business globally.

By adding Google Pay to its existing range of mobile payment solutions, Vindicia is providing its merchants with the ability to offer a frictionless payment method, whereby increasing revenue, driving user adoption, and converting visitors to customers with a simple, more convenient way to pay. Merchants will be able to allow their customers to pay via web or mobile without having to pull their card from their wallet, for a more seamless, secure and trusting experience. Furthermore, customers who have previously stored their credit or debit card information with Google Pay when purchasing a product or a service will be able to enjoy Chrome auto-fill to checkout even more quickly.

"We want to make it easier for businesses to offer a simpler, faster payment solution for their customers. With Google Pay, Vindicia’s customers will be able to allow consumers to speed through checkout with just a few clicks,” said Prasenjit Phukan, Product Manager, Google Pay.

Payment methods such as Google Pay are gaining traction among consumers who are looking for convenient and safe modes of payment. These payment methods are also critically important to merchants in their efforts to grow their businesses and reach more customers. By integrating with Google Pay, Vindicia demonstrates its commitment to providing the very best payment options for digital merchants and their customers.

“We are pleased to integrate Google Pay with Vindicia CashBox,” said Anthony Goonetilleke, Group President of Media and Technology, Amdocs. “We are always exploring new ways to leverage innovative solutions and arm our merchants with convenient and secure mobile payment channels that provide the very best customer experiences. As more consumers adopt Google Pay, this integration will enable our merchants to provide the kind of seamless shopping experience consumers expect, no matter where they are or what device they are using. Ultimately, the integration with Google Play allows us to offer a frictionless experience, while generating more sales and customer conversions for our merchants.”

Vindicia CashBox is a SaaS-based billing platform for digital goods that accelerates business growth via data-driven insights, improved customer acquisition and extreme ease of use for subscribers. Other benefits include scalability and reliability; go-to-market flexibility; international and multiple payment options; and finance, tax and anti-fraud capabilities. For more information about Vindicia CashBox, please visit http://vindicia.com/products/vindicia-cashbox.

About Vindicia

Vindicia, an Amdocs company, believes that a subscription platform should pay for itself. The company’s comprehensive SaaS-based subscription management solution combines big data analysis, strategic consulting and proprietary retention technology to generate significant new revenue for its clients. Vindicia removes the barriers between the consumer and the goods and services they want. To learn more about Vindicia please visit www.vindicia.com.

About Amdocs

Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.0 billion in fiscal 2018. For more information, visit Amdocs at www.amdocs.com.

Amdocs’ Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2018 filed on December 10, 2018 and our quarterly 6-K form furnished on February 12, May 21, August 13, and November 9, 2018.

MEDIA CONTACT

Ricca Silverio

Finn Partners for Vindicia

vindiciapr@finnpartners.com