DANVERS, Mass., June 1, 2020 /PRNewswire-PRWeb/ -- Payway®, an integrated payment processing solution, announced today that it has been recognized by the CNP 2020 Awards in three categories, including both the Judges and Customer's Choice Awards for Best Subscription/Recurring Billing, and the Customer's Choice for Best e-commerce Platform/Gateway.
This is the second year that Payway has been recognized by the CNP Awards. The Boston-area recurring payment solution provider won the Customer Choice Award in the Best Recurring/Subscription Billing Solution and Best Call Center Solution categories in 2019.
Trusted for its solution, integrity and industry knowledge, Payway has established a reputation of reliability and authenticity. Working with customers beyond issue resolution ensures complete satisfaction and is one reason why customers have trusted Payway for more than 30 years.
"We're delighted to be recognized by the CNP Awards for the second year in a row and especially honored to have been chosen by our customers for two awards" said Dan Nadeau, principal and co-owner, Payway. "We pride ourselves on delivering the best solutions and these awards provide validation for the hard work of the entire team. We are so grateful to each customer that took the time to recognize us, and also to the CNP judges who recognize the work we are doing in the subscriptions space. 2020 has not been an easy year for many of our customers and partners and to be recognized by the industry for the work we are doing speaks volumes that we are doing the right thing."
Payway's solutions are special because the company has built them specifically for the subscription and recurring revenue market. The company was a SaaS solution long before there was an acronym and created the infrastructure that supports the subscription economy in part to its long-time service to the newspaper and digital media industry.
Customers have been able to enjoy the benefits of lower decline rates with Payway's Account Updater, realize more in Level III savings, are PCI-complaint and protected from fraud and have the latest in digital wallets. The Account Updater automatically hunts down outdated credit card data for recurring payments. Companies are losing millions every year to declined payments ? but Payway helps its customers turn that negative trend into positive cash flow. On average customers save 85% by using Payway's Account Updater instead of a manual* process.
Payway also supports all major digital wallets, including Apple and Google Pay, and it is made easier with its API, Payway®WS. It provides an easy and simple way for programmers to integrate cloud-based, recurring payment functionality into their existing sites and systems. Built upon RESTful Service, Payway WS can support JSON, XML, and HTML-form based payloads, and makes it easy to create applications for e-commerce, ticketing and web-based subscriptions to support retail, healthcare, media, law, education and non-profit organizations.
"Payway has helped many card-not-present businesses simplify and accelerate transaction processing leading to improved cash flow and significantly lowering the costs associated with accepting recurring payments," said Kimberly Miller, VP Business Development, Payway. "The company has decades of experience processing digital payments and we are so proud to be recognized by both the judges and our customers for these awards."
"Businesses of all kinds are being forced to make changes and adapt in ways that they never imagined due to COVID-19 and the global pandemic. Companies like Payway have supported their customers and the industry with continuous innovation and support as consumers and businesses have completely pivoted to a CNP model while shopping online for groceries, consumer goods and subscriptions," said D.J. Murphy, editor-in-chief of Card Not Present. "This year, we're fortunate to be able to unveil the CNP Awards?the standard by which companies in this industry are recognized and judged?virtually for the first time. We congratulate Payway, and all the winners."
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.
We have decades of experience in managing card-not-present payments and provide our customers the most up-to-date security features designed to keep them at the forefront of a rapidly changing payments landscape. Payway built our 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 we've served since 1984.
Whether you're looking to accept Apple® Pay, Google®Pay, process invoices, reduce decline rates, or ensure PCI-compliance, we'll partner with you to keep your operations running smoothly. For more information, visit http://www.payway.com.
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