Vindicia raises $5,600,000

Vindicia Inc., a leading provider of on-demand payment management software, today announced that it has secured $5.6 million in series C financing.  Vindicia offers an integrated, on-demand billing and fraud management solution for online merchants. Vindicia CashBox(TM) is a best-of-breed billing system for creating and managing recurring and real-time payments and helps merchants improve customer retention and maximize profit. Vindicia ChargeGuard(TM) provides automated fraud screening and chargeback management services that enable merchants to recover lost revenue. A PCI Service Provider Level 1 company and SAS 70 Type 2 audited, Vindicia is a key payment management resource for some of the best-known brands on the Internet.