Is your business ready for PSD2? Come September 14th, the answer to this question will determine your ability to accept online payments in the European Economic Area (EEA).Continue Reading
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In a previous blog, we talked about how Recurly’s machine learning models help recover recurring invoices which initially failed and had entered the dunning process. Today, we want to share some analysis on the recovery rate for such invoices. Knowing what recovery rates are typical for your business allows you to analyze the effectiveness of your dunning strategy and make improvements as necessary.Continue Reading
Much of our previous content, such as our most recent PSD2 blog and our SCA Integration Guide, has focused on Customer Initiated Transactions (CITs), which occur when the customer is “in-session” or otherwise present during the transaction flow. In the subscription commerce world, CIT comes into play when someone first signs up for a subscription and provides their payment information. Similarly, a subscriber may decide, at a later date, to modify the payment information associated with their existing subscription. In both of these cases, the subscriber is available to complete any authentication challenges that might be requested by their card issuer in conjunction with Strong Customer Authentication (SCA) requirements.Continue Reading
Sales of physical products in e-commerce are experiencing sustained growth. According to industry-expert, Mary Meeker, the market has experienced double-digit growth each year since 2008.
Because of the intensely competitive nature of e-commerce, businesses seek any advantage that might give them an edge over their competition. For example, some businesses are able to leverage a unique brand persona and sell directly to consumers, bypassing middlemen and their added fees. They use technology to enable this strategy.Continue Reading
In a previous blog post, we outlined how Recurly uses machine learning in our Revenue Optimization Engine to predict transaction success and maximize your revenue. This unique Recurly technology is an example of how machine learning, if handled correctly, can be a powerful tool for preventing involuntary churn.Continue Reading
The subscription e-commerce market has continued to grow exponentially year after year. To take advantage of the many benefits the subscription model offers, it’s important to understand current trends in terms of product offerings, growth beyond recurring revenue, and plan structures.Continue Reading
In this blog post, we’ll dive more deeply into the mechanics of 3-D Secure (3DS2) and Strong Customer Authorization (SCA), the two main—and related—requirements of the new PSD2 regulation. We’ll discuss the various parties and their interactions in order to provide higher-level context into where your subscription business fits into the overall scheme and how Recurly will help to facilitate the authentication process.Continue Reading
SubSummit 2019 in New Orleans has just wrapped up, and the attendees from Recurly had a blast meeting with industry partners and prospective clients. Chief of Staff Emma Clark led a discussion on “Subscription Benchmarks,” and the team even found a little time to explore the Big Easy.Continue Reading
Did you know that 15% of online shoppers have signed up for one or more subscription services? Or that the subscription e-commerce market has grown by more than 100% every year over the past five years? In fact, this market generated more than $2.6 billion in sales recently, and 2019 will likely continue this upward trend as more businesses discover the power and performance of the subscription model.Continue Reading
In March, we discussed how Recurly approaches the maintenance of our API, including changes, updates, performance improvements and other essentials that minimize friction and provide a top-notch development experience. API consumers who implement continuous API upgrades are afforded a variety of advantages, which our previous blog outlined and which we encourage you to review.Continue Reading