Wednesday, May 30, 2007

IP Commerce and PayPal Partner

IP Commerce, PayPal Partner

IP Commerce has announced that it will offer payment services powered by PayPal including 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. According to the companies, "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™ (Payments as a Secure Service™) 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.

“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™ 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.


Anonymous said...

I attended an excellent talk yesterday (31st May 07) evening on mobile payments hosted by the Financial Services club in London Roy Vella, Head of European Payments, PayPal and Chris Reddish, Group Head of Prepaid Europe for MasterCard both gave interesting talks and several more speaking events are planned for London and Dublin, Ireland see

I came across the club after finding a podcast series which interviews various thought leaders in the payments/SEPA space.

Anonymous said...

Thanks, that looks like an interesting series. I'll check it out.