Convoy's latest release introduces first-class support for retention policies to efficiently manage and back up webhook data by automatically transferring it to cold storage like S3 after a set duration. This feature is particularly beneficial for users dealing with high volumes of payment processing webhooks, as it prevents unnecessary data storage and inflated costs while maintaining database efficiency. The implementation involves configuring how long webhook data is retained before being exported to either on-premises storage or S3-compatible services, ensuring that only necessary information for debugging, audits, or compliance is kept in the database. Convoy also simplifies the setup process with user access tokens and project configurations, while its scheduler facilitates regular data export jobs to clear stale data, highlighting the platform's focus on enhancing reliability and reducing storage overhead for webhook infrastructures.