CO-based software specialist IP Commerce has released a new version of its “Commerce Toolkit for Applications” for software companies that eliminates the need for .NET software developers to build a new connection to a service provider every time they develop a new payment application. Key features of the enhanced software include single-point certification and access to more than a dozen major bank card processors, several ACH providers and numerous stored value, and electronic check providers. It also offers “PABP” compliance. Additionally, it can open new sales channels through the IP Commerce open network of top-tier payment processors, acquiring banks, retailers, and value-added resellers, software companies making it easier to distribute products to other members of the IP Commerce Network and explore new channel distribution opportunities while increasing their return on investment.
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.
Card associations, acquiring banks and merchants who work with global payment services provider Dialect, will now have access to a candy store of innovative payment solutions. Denver-based IP Commerce announced a licensing agreement with Dialect for IP Commerce’s “IP Payments Framework.” The “IPPF” is an open platform that connects payment service providers, financial institutions, distribution channels and commerce application developers. Dialect will use the “IPPF” to deliver embedded, integrated financial capabilities to their customer base which includes American Express, MasterCard, Royal Bank of Scotland, and others. Dialect offers predominantly “card not present” payment processing services for major financial institutions and also supports the electronic payments needs of their customers, particularly globalizing merchants, with consulting, integration, processing and support services.
Denver-based IP Commerce and Dallas-based TransFirst will release a new commerce services for merchants, delivered via IP “Payments Framework” (IPPF). TransFirst will broaden its market reach in client-side commerce offerings with three new desktop commerce applications: bankcard processing for Microsoft Office Accounting 2007 and QuickBooks , and credit card processing for a leading golf pro-shop management solution. IP Commerce’s IPPF is an open platform that connects payment processors, service providers, licensees and commerce application developers. TransFirst is a provider of transaction processing services and payment enabling technologies, currently processes approximately $23 billion in annual sales volume for more than 160,000 merchants and more than 965 financial institutions. IP Commerce provides software that enables open payments to allow banks and service providers to deliver payments services.
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.”
Chase Paymentech Solutions has signed a license agreement to utilize IP Commerce’s “IP Payments Framework” a service-oriented architecture infrastructure for the payments industry. Chase Paymentech provides secure and reliable payment processing to more than half a million merchants of all sizes and in all industries. Chase Paymentech will utilize IP Commerce’s open payments network as part of its ongoing strategy to provide a full spectrum of payment processing choices to its merchants enabling greater workflow efficiencies between merchants and their customers. Chase Paymentech Solutions, LLC is the world’s largest financial transaction processor for businesses accepting payments via traditional point of sale, hospitality, Internet, catalog and recurring billing. IP Commerce, Inc. is a software company enabling open payments that allow banks and service providers to deliver payments services seamlessly to any business.
IP Commerce and Coalfire Systems have jointly introduced a program to provide Independent Software Vendors with an efficient and more cost-effective way to gain “Payment Application Best Practices” compliance. PABP is a set of Visa recommendations derived from the Payment Card Industry Data Security Standard (PCI DSS) and the PCI Security Audit Procedures that are intended to protect cardholder data and ensure that members, merchants and service providers maintain the highest level of information security. The Coalfire Systems, Inc. team members are specialists in IT audit, information security and regulatory compliance. IP Commerce, Inc. is a software company enabling open payments that allow banks and service providers to deliver payments services seamlessly to any business.
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.