IP Commerce and PayPal Provide Small Businesses with Efficient Online Payment Services
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IP Commerce, Inc., a software company enabling open payments services between businesses, announced today that it will offer payment services powered by PayPal. These 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. Small businesses using PASS Commerce Center and services will benefit from improved cash flow, visibility into their financial standing, best practice security measures that reduce fraud and identity theft, and the ability to extend greater flexibility of payment options to their customers.
The new services for small businesses are now available in PASS(TM) (Payments as a Secure Service(TM)) Commerce Center. The solutions leverage IP Commerce's IP Payments Framework(TM), 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.
"With the help of firms like IP Commerce, small businesses are able to integrate PayPal in new ways to streamline their accounting processes," said Gene Alston, business development director at PayPal. "We are excited about being part of this powerful team of industry leaders that is educating the market about the benefits of an open payments marketplace."
"PayPal is a recognized and respected leader in the payments industry and a valued member of the PASS Consortium," said Chip Kahn, CEO, IP Commerce. "The consortium has been working closely as a team with Microsoft to ensure that we achieve our common goal of developing a truly open network of payment applications that enables small businesses to be more efficient and more aware of all aspects of their business."
The PASS Consortium, developed by IP Commerce, is a group of leading financial institutions and payment service providers working together to promote secure and efficient open financial transactions within the Windows Vista(TM) Business operating system. As part of the PASS Consortium's quest to promote an open payments network, the member organizations' services are now available via PASS Commerce Center, a comprehensive financial management solution designed to help small businesses using Windows Vista Business succeed. In addition to PayPal, PASS Consortium members include AmbironTrustWave, BankServ, Chase Paymentech, CIT Group, Inc., and Internet Commerce Corporation (Nasdaq: CM ICCA).
PASS Commerce Center is available now for free by visiting passpayments.com.
PayPal enables any individual or business with an email address to send and receive payments online securely and easily using a bank account, credit card or stored balance. Because PayPal allows customers to shop online without sharing their financial information with merchants, privacy is built into the service. PayPal has nearly 133 million accounts and is available to users in 103 markets around the world. More information about the company can be found at www.paypal.com.
About PASS(TM)
PASS(TM), or Payments as a Secure Service(TM), enables business users to perform a wide variety of commerce activities securely from their Windows Vista desktop. The underlying technology for PASS is provided by IP Commerce's IP Payments Framework(TM) (IPPF). IP Commerce, along with a group of leading financial institutions and payment service providers, have joined together to form the PASS Consortium. Together they have created PASS Commerce Center which provides easy-to-access, easy-to-use secure payment and financing services for small businesses running Windows Vista, including the ability to receive payments, process transactions, pay invoices, obtain access to financial services and better manage cash flow. The PASS Consortium includes AmbironTrustWave, BankServ, Chase Paymentech, CIT Group, Inc., Internet Commerce Corporation, and PayPal. For more information on PASS, the PASS Consortium or PASS Commerce Center, please visit passpayments.com.
About IP Commerce
Based in Denver, Colorado, IP Commerce, Inc. is a software company enabling open payments that allow banks and service providers to deliver payments services seamlessly to any business. The company's IP Payments Framework(TM) (IPPF) provides an SOA-based infrastructure for the payments industry that can be utilized to host payments networks, as well as free toolkits to connect services, devices and applications to open payments. IPPF breaks down traditional barriers and connects banks, payment service providers, businesses, and software ecosystem participants together. For more information, visit www.ipcommerce.com.
