DANVERS, Mass., Oct. 01, 2020 /PRNewswire-PRWeb/ -- Payway®, an integrated payment processing solution, announced today that it will sponsor the upcoming Subscription Show taking place virtually on Oct. 5-7 & 13-15.
As a bronze sponsor, Payway will take an active role in the virtual event helping to participate in educating and sharing information about the importance of the subscriptions space.
In fact, Payway has understood the subscription economy long before it became a hashtag. The company has been supporting clients in the subscription industry for over three decades, starting before the Internet was created and developing a technology solution that processed credit cards for newspaper and magazine subscriptions taken over the phone rather than through a paper-based bill machine.
"We are proud to be a sponsor of the Subscription Show as we have been involved in the subscriptions industry for more than 35 years," said Daniel Nadeau, co-founder, Payway. "Sponsoring this show is important for Payway as we not only seek to better understand the growing global subscription trends and COVID-19's impact across a variety of markets, but also to share our expertise as leaders in the market."
The show will stress the importance of finding ways to interact and engage with peers and will provide Payway with an opportunity to safely "gather" and learn with others in the industry. It will also allow thought leaders in the industry to share best practices for converting, retaining and scaling customers by providing real-time insight on current trends and creating action plans for 2021.
"Digital news and media subscriptions increased by 110% between March and May of this year compared to last year," said Kimberly Miller, vice president business development, Payway. "When much of the world was on lock down people didn't want to leave their houses and the subscription economy grew exponentially as consumers started to subscribe to everything from food services to pet care to movies and newspapers. Now consumers have gotten used to a subscription model and it has become very convenient. We are excited to see the industry growing especially as we have been involved in this space for so long."
According to the latest study by the Zuora's Subscription Economy Index, businesses that rely on the subscription economy have realized a sales growth by more than 300 percent over the last seven years.
The Subscription Show is known for its substance and for delivering sessions with industry leaders you will actually learn from. For more information about the Subscriptions Show, please click on this link https://www.subscriptionshow.com/
About Payway
About Payway®
Payway is a proven payment service provider that helps card-not-present and subscription businesses simplify and accelerate transaction processing leading to improved cash flow and significantly lowering the costs associated with accepting recurring payments.
Payway has decades of experience in managing card-not-present payments and provides their customers the most up-to-date security features. Payway built their user-friendly payment processing solution to be responsive to the needs of organizations who operate a recurring payment business model, like the many publishing and media companies they've served since 1984.
Whether you're looking to accept Apple® Pay, Google®Pay, process invoices, reduce decline rates, or ensure PCI-compliance, Payway will partner with you to keep your operations running smoothly. For more information, visit http://www.payway.com
SOURCE Payway
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