Best Subscription / Recurring Billing Solution
FIS, which has been offering a subscription billing solution for merchants for nearly 15 years, is one of nine first-time CNP Award winners in 2021. A panel of independent judges bestowed top honors on the company in the Best Subscription/Recurring Billing Solution.
The company says its RecoveryMax solution is the longest-tenured suite of Account Updater and recycling services in the payments industry. It is used by hundreds of merchants globally using the subscription model to maximize authorization approvals.
The company said it can handle merchant-initiated, managed or hybrid Account Updater models depending on a merchant’s required flexibility. It also offers a Real-Time Account Updater and a managed recycling service that works in tandem with Account Updater.