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Superior customer acquisition and retention leads to increased revenue but can also lead to increased systems complexities. CashBox removes these issues with proven reliability and scale, all while maintaining the highest PCI Level 1 and SSAE-16 services provider standards.
No, Vindicia is not a payment processor or acquirer. From a payment flow perspective, Vindicia acts as a gateway that connects to the payment processor / acquirer of choice for the digital business. This gateway functionality is a very small part of the overall CashBox solution as a marketing, CRM and billing platform.
Yes. CashBox integrates directly into the most popular payment processors and alternative payment processors like PayPal, inComm and BOKU. Our clients maintain control over their relationship with their payment processors and give us permission to submit transactions on their behalf.
CashBox currently supports:
What fraud management capabilities are included in CashBox for a digital business, compared with the fraud management capabilities for a tangible goods business?
For digital businesses, the cost of a fraudulent transaction is significantly lower than the cost of a false positive. The risk scoring inside of CashBox is able to calculate the overall probable risk of chargeback for each transaction throughout the screening process. We help our clients strike that delicate balance of fraud screening allowing for an aggressive customer acquisition strategy while still managing to keep fraud at appropriate levels.
True fraud is when fraud is committed with malicious intent. For example, when a credit card is stolen and then used to make unauthorized purchases, it is considered true fraud.
Friendly fraud occurs when a customer uses their credit card to purchase a good or service, and then issues a chargeback for that transaction. This could either be deliberate or accidental. Often times, the customer may not recognize the charge on their credit card statement, thus resulting in a chargeback.
A virtual currency is a currency designed for games, online communities, online content, social networks or dating sites. It is purchased by using real money and redeemed by purchasing virtual items involved with games, communities, content or social sites.
Microtransactions are low dollar-value transactions. Visa defines a microtransaction as anything less than $20. However, with the rise of virtual items and paying for online content, this amount has typically been lowered to transactions of $1 or less. This type of transaction increases transaction fees and increases costs to digital businesses. Using virtual currency and integrating eWallet technology to bundle customer purchases into larger transactions can lower your transaction costs, saving you money.
Virtual currencies lower transaction costs for businesses. Selling higher value blocks of virtual currency that can be used instead of real currency for all microtransactions can save digital businesses money. It does so by lowering the number of transactions you are paying to process, while also increasing the amount spent by your customer.
An eWallet is much like an actual wallet—it keeps your customer’s currency in a bundled virtual form and allows them to purchase virtual goods with this virtual currency. This way, you can process a single larger transaction versus processing multiple smaller transactions. This gives customers the opportunity to pay you a larger amount and then decide what to buy with the credits later. Integrating eWallet technology will save you a lot in processing fees for transactions under $10. CashBox supports eWallets and can manage your customers’ balances.
We will use your customers’ data primarily for calculating ROI and business reviews for you. This information will help find ways to increase your customer acquisition and retention, which will in turn create longer customer lifetime value and higher revenues for you. We also use aggregate data to inform chargeback risk scores and help optimize our Advanced Retry Logic algorithms.
Vindicia takes privacy very seriously and is PCI DSS Level 1 compliant and audited for SSAE 16 compliance. We also have backup servers off-site in the event of a natural disaster or unforeseen circumstance.