Denver-based IP Commerce is offering payment services powered by PayPal to help small businesses streamline their accounting processes and better manage cash flows. These PayPal services include an email invoicing solution in “PASS Commerce Center” and a “Sales Ticker,” as part of the “PASS Gadget” which can be placed in the “Windows Vista” sidebar. The new services for SMBs are now available in the “PASS Commerce Center.” The solutions leverage IP Commerce’s “IP Payments Framework,” a single platform that provides the framework to enable disparate applications and services to communicate. PayPal’s technology allows small businesses to create and send their customers payment-enabled invoices over email using the “PASS Email Invoicing” service. The invoices include an encrypted payment button that is embedded into the invoice, allowing small businesses to accept payment through their PayPal accounts. The “Sales Ticker” allows PayPal small business users to add an active desktop icon that receives and alerts them to incoming PayPal payments in real-time, without the need to login to their PayPal accounts.
Denver-based IP Commerce announced that AmbironTrustWave will deliver data security services and technologies through the “Payments as a Secure Service” Commerce Center. As part of this agreement, AmbironTrustWave has joined the growing number of commerce organizations working together to deliver commerce services as part of the PASS Consortium. PASS enables business users to perform a wide variety of commerce activities securely from their Windows Vista desktop.Created by IP Commerce, PASS Consortium is comprised of financial institutions and payment service providers working together to promote secure and efficient open financial transactions by leveraging IP Commerce’s IP Payments Framework and Windows Vista operating system. Additional members include: BankServ, Chase Paymentech, CIT Group, Inc., Internet Commerce Corporation, and PayPal. AmbironTrustWave is a global provider of information security and compliance management solutions to businesses and the public sector.
Denver-based IP Commerce and the PASS Consortium have launched the “PASS Commerce Center” for small businesses using “Windows Vista Business” offering credit card processing via Chase Paymentech; financing, including payment protection, small business loans and equipment financing via CIT; remote check deposit service via Banserv; and payment-enabled invoices and online payments vis PayPal. “PASS Commerce Center” services are powered by “IP Payments Framework” from IP Commerce. “IPPF” is a single platform that provides the framework to enable disparate payment applications and services to communicate. “PASS Commerce Center” contains two complementary elements to provide a holistic financial management experience, “PASS Cash Management Center” and the “PASS Gadget.”
IP Commerce, BankServ, SWIFT, Chase Paymentech, CIT Group, Internet Commerce Corporation, PayPal and Pay By Touch have teamed to create and deploy a software infrastructure which will enable small businesses to complete financial transactions as secure services from a desktop PC. The “PASS” (Payments as a Secure Service) consortium will enable small businesses using “Windows Vista” to perform secure financial transactions over the Internet, creating new revenue models and payment abilities for thousands of small businesses throughout the U.S. Currently, small businesses interface with credit card companies and financial services firms in the financial ecosystem through highly proprietary relationships based on one-to-one technology connections. “PASS” redefines this relationship by enabling Independent Software Vendors, System Integrators and Value-Added Resellers to create service-oriented financial management solutions in software applications fulfilled by best-in-class providers through a single service provisioning system.