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Zuora introduces Pay-Pal-compatible online billing system

Payment processing software as a service (SaaS) firm Zuora has linked up with PayPal, and gained a new board member.

Partly bankrolled by by Salesforce.com CEO Marc Benioff, Zuora has added a new Pay-Pal-compatible Z-Payments system to its online invoicing and billing portfolio.

The combined offering will particularly suit other subscription-based businesses such as software as a service providers, said CEO Tien Tzuo.

"Companies can have problems with customers are who using their services on a recurring basis. Maybe the credit card worked the first time, but then you switched the card and forgot to tell me," said Tzuo.

Users of the new system include data and file-sharing site Box.net, which could no longer cope with manual billing and payment processes. "We were literally losing money because we couldn't track down failed monthly payments," said Aaron Levie, Box.net's CEO.

Alongside the new application, PayPal President Scott Thompson has joined the Zuora board of directors.

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