Fortune 500 companies see our flexible and capable automated billing and payments solutions as a great tool to drive new revenue.
Vancouver, BC (PRWEB) April 1, 2011
Monexa Technologies Corp. (“Monexa”), the leader in flexible subscription billing, announces that a US-based Fortune 500 specialty retailer is using a Monexa commerce solution to offer convenient and affordable pay-as-you go pricing for its consumer service products at its in-store point of sale terminals. Jointly developed and delivered through an authorized Monexa reseller, this unique solution is now in a pilot release phase. The retailer plans to expand this offering to over four thousand retail outlets across the United States by June, 2011.
This is the first launch of this unique retail solution. Jointly developed by Monexa and one of its authorized resellers, the solution integrates with the retailer’s point of sale system to capture customer information and set up automatic future payments. For maximum customer convenience, a branded online self-service portal allows the retailer’s customers to take charge of their accounts and manage their services and payments without returning to the store.
Integration of the solution with the retailer’s point-of-sale systems began in the fourth quarter of 2010 and the first stores went into operation in February 2011.
“Fortune 500 companies see our flexible and capable automated billing and payments solutions as a great tool to drive new revenue. Bricks and mortar retailers, online businesses and cloud service providers get new revenue sooner with Monexa’s cloud-based billing solution,” said John Jacobson, President and CEO of Monexa.
Monexa’s financial services automation software, delivered as a cloud-based on-demand service, automates billing and revenue generation for a wide range of customers. The capable and open subscription billing and payments solution combined with extensive billing industry expertise sets Monexa apart from other service providers. Monexa’s customers range in size from high growth SaaS and Cloud Infrastructure companies like Untangle and ActiveState to large household name companies like Pitney Bowes, AOL Canada, Sprint, Amway and Bell Mobility. For more information about Monexa Billing and the ways Monexa can help you monetize, visit http://www.monexa.com.
This news release contains forward-looking statements. Actual events or results may differ materially from those described in the forward-looking statements due to a number of risks and uncertainties, including changes in financial and product market conditions. Forward-looking statements are based on management's estimates, beliefs, and opinions. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Garth Albright, CFO
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