Scott Tivey designed one of the first systems to perform billing, order management, and fulfillment for subscriptions in 2000 when the continuous service model was first patented by internet visionaries Michael Loeb and Jay Walker.
But transacting recurring and re-occurring payments has had no innovation since then.
And whatever tools have been introduced since 2000 are being applied in a One-Size-Fits-All manner by processors, because that's how the legacy systems are designed.
In 2011, enterprise merchants from publishing, insurance, subscription box and streaming video industries started coming to the consulting firm run by Scott and Michele Tivey to customize their payments systems using his proprietary algorithms and logic.
He was so successful at it, those merchants increased their profits by $1.7 Billion Dollars.
And their processors generated $106 million dollars in additional revenue, too.
Now, that technology has been productized so that processors can customize transacting recurring and re-occurring payments for all of their merchants. It's Payometry.
Michele Tivey, a former NYC prosecutor and political consultant, has managed the team's messaging and has provided contract consulting services for SAP Hybris, Verifi, Vindicia and GreaterThan Solutions. The founders have both successfully run startups. Scott had an exit to SeaCoast Publishing in 1997.
The FinTech Payments Corp Board of Advisors includes payments executives from the following companies: