openPR Logo
Press release

LogicBoxes Rolls out ‘Registry Wallet’ Service to All Registrar Clients

01-15-2014 06:21 PM CET | IT, New Media & Software

Press release from: LogicBoxes

LogicBoxes, the business consulting and automation technology provider for Registries, Registrars and Webhosts, today announced the launch of their new Registry Wallet service, aimed at alleviating the Registry funds management woes of their ICANN Accredited Registrar clients. Through the service LogicBoxes will manage funding for its Registrars clients, across all their respective Registry accounts. The Registrar in turn would need to maintain funds only at one single account with LogicBoxes, their Registry Wallet.

Domain Registrars are required to maintain pre-paid accounts at every Registry at all times. Insufficient account balance, especially during high volumes of registrations, may lead to temporary suspension of domain registrations. This leads to a loss of customers and more importantly the Registrar’s reputation is affected. To ensure sufficient funding at all times, Registrars need to invest in time, resources and administrative effort. As a safety measure, Registrars end up blocking more funds than required and also paying higher towards bank transfer charges and so on.

The Registry Wallet service is a fund management solution developed by LogicBoxes to take the fund management worries off their clients. By availing this service, the Registrar would only need to maintain an optimum balance in a single place, their LogicBoxes Wallet. A system of LOCs and cash buffers are utilized to keep Registry accounts fully funded at all times. At the backend, pattern recognition algorithms predict fund usage and team is dedicated to supervise activity at all times. The service comes with additional safety features such as threshold reminders, emergency credits and deactivation protection. The service also includes business intelligence in the form of comprehensive fund usage reports and trends. A monthly consolidated invoice containing details of transactions across every Registry account is made available every month, to simplify reconciliation of accounts.

Neha Naik, Sr. Manager, Strategic Partnership at LogicBoxes says; “The problems of tracking and maintaining funds across various Registries will only get compounded with the introduction of hundreds of New gTLDs. Using our Registry Wallet service means our clients need to manage funds only in one place, without having to worry about numerous accounts across the Registries.”

LogicBoxes plans to integrate its Registrar Automation Platform, and extend the Registry Wallet service with every New gTLD as it launches, providing a definite edge to its Registrar clients.
For complete details on the Registry Wallet, visit http://wallet.logicboxes.com.

LogicBoxes is a Technology & Consultancy Company providing Business Solutions exclusively to the large players of the Web Products & Services Industry - including large Web Hosts, Domain Resellers, New gTLD Applicants, ICANN Registrars & Domain Registries. LogicBoxes is the world's premiere ICANN Accreditation Consultancy provider. Over 20% of the world's ICANN Accredited Registrars have been accredited through the LogicBoxes Consultancy Service. Additionally, LogicBoxes also offers a renowned turnkey SaaS platform - OrderBox, which provides end-to-end business automation to clients. LogicBoxes currently powers over 8 Million domains across the world through an extensive network of over 100+ registrars and 100,000+ resellers. For more details, please visit www.logicboxes.com

Abhijit Dara
Marketing Manager
pr@logicboxes.com
+1 832 295 1535 x:8162
Dubai,UAE

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LogicBoxes Rolls out ‘Registry Wallet’ Service to All Registrar Clients here

News-ID: 279699 • Views: 3527

More Releases from LogicBoxes

LogicBoxes Announces Automation Solutions for ccTLD Registries
LogicBoxes, the business consulting and automation technology provider for Registries, Registrars and Web Hosts, today announced the launch of its Automation Solution for ccTLDs. This new offering is aimed at helping ccTLD Registries further grow their namespace by giving them a dedicated retail storefront and a complete end-to-end automation platform to seamlessly run their business. The number of internet users across the world has increased by 673.3% over the last
LogicBoxes delivers Vertical Integration solution for .WIEN retail operation, Ne …
LogicBoxes, the Vertical Integration solutions provider for New gTLD Registries today announced that it has successfully executed a comprehensive Vertical Integration project in the .WIEN namespace. .WIEN is a new gTLD extension that caters to businesses, organizations, individuals and any other entities associated with Vienna, the Austrian capital. The vertically integrated retail operation for .WIEN, netzadresse.at GmbH, focuses specifically on the Austrian market, offering regional TLDs such as .TIROL and
Dot Desi Reseller, LLC selects LogicBoxes’ Vertical Integration solutions for …
LogicBoxes, the Vertical Integration solutions provider for New gTLD Registries today announced that it has been selected by Dot Desi Reseller, LLC (an affiliate of Desi Networks, LLC Registry for .desi gTLD) to manage their wholesale and retail infrastructure and provide marketing assistance. As part of the deal, LogicBoxes will provide a custom Vertical Integration solutions package. LogicBoxes will help setup its exclusive Flagship retail store powered by its domain distribution
LogicBoxes Partners with .BZ Registry
LogicBoxes, a Registrar software and consulting company, today announced that it has partnered with the .BZ Registry, University Management Ltd. to provide business automation solutions to its in-house Registrar arm, BelizeNic. .BZ is the country code top-level domain for Belize. Prior to partnering with LogicBoxes, BelizeNic was using a legacy system to sell .BZ domains. The Registry was looking to migrate to a stable and flexible platform that would allow it

All 5 Releases


More Releases for Registrar

Best Known Host: Domain Registrar and Website Provider in 2021
Best KnownHost announced the immediate availability of fully managed Shared Hosting, enabling new and existing customers to enjoy technology not typically affordable to small and midsize sized businesses (SMB's). Bedford, Bedfordshire, United Kingdom., February 5, 2021 -- In 2021 entrepreneurs interested in creating the next Facebook, Instagram, or launching a non-profit all need to have the right tools in order to maximize their brands reach and visibility online. A website is
Domain Name Registrar Market Next Big Thing | Major Giants- Namecheap, Bluehost, …
Latest Market intelligence report released by HTF MI with title "Global Domain Name Registrar Market Size, Status and Forecast 2019-2025" is designed covering micro level of analysis by manufacturers and key business segments. The Global Domain Name Registrar Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative
NameWrap: A Simpler QuickStart Registrar Platform
RegistryASP, a leading domain name registry back-end provider, have launched a new registrar platform, NameWrap. The platform was developed for domain name registrars that demand full process automation, flexibility and scalability at the lowest cost of ownership. NameWrap offers domain name registrars a fully customizable storefront for branding purposes, plug and play with all EPP-based domain name registries using their own registrar credentials, support for multiple payment gateways, languages and currencies.
Key-Systems appointed as .XXX registrar
The international domain registrar Key-Systems is one of the first registrars accredited for the new top-level domain .XXX. .XXX is a new sponsored top-level domain (sTLD), specifically designed for the global online adult enter-tainment industry. Key-Systems is already ac-cepting pre-registrations for all phases of the .XXX launch on its three domain portals. These are domaindiscount24.com for end customers, RRPproxy.net for resellers, and BrandShel-ter.com for trademark owners. Brand owners from outside
HostGator partners with LogicBoxes to power its Registrar
LogicBoxes announced today that HostGator, one of the world’s leading Hosters, will be using its Registrar back-end to launch their long awaited registrar offering under the brand name of Launchpad Inc. This is another example of what is now becoming a growing trend of Hosters becoming Registrars. LogicBoxes, through its unique offering, has been a key facilitator in allowing web hosting companies to claim the many benefits of becoming a registrar,
Key-Systems is ICANN accredited registrar for 10 years
The internet and domain provider Key-Systems can look back on ten successful years as a registrar for domain names with generic extensions such as .COM, .NET and .ORG. Key-Systems is German based and runs an US subsidiary in Leesburg, VA. In October 2000 – just after the liberalization of the international domain extensions – Key-Systems was accepted by the Internet Corporation for Assigned Names and Numbers (ICANN) as an official