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| [January 29, 2007] |
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IP Commerce and the Pass(TM) Consortium, in Collaboration with Microsoft, Introduce New Commerce Solution for Small Businesses Using Windows Vista Business Operating System
DENVER --(Business Wire)-- IP Commerce, Inc., a software company enabling open payments services between businesses, and the PASS (Payments as a Secure Service(TM)) Consortium, working with Microsoft to support the Windows Vista launch, announced today PASS(TM) Commerce Center, a unique offering intended for small businesses using Windows Vista Business.
Many small businesses struggle to visualize and manage cash flow, and it's often a gating factor to their success. PASS Commerce Center is a comprehensive financial management solution designed to help small businesses succeed by saving them time spent on financial management, providing them with improved protection of their customer data and transactions, and giving them greater visibility into their company's cash position. Small businesses using Windows Vista Business can use PASS Commerce Center to view cash flow, present invoices, take new forms of payment, apply for financing and discover new services, directly from the Windows Vista desktop.
PASS Commerce Center services are powered by IP Payments Framework(TM) (IPPF) from IP Commerce. IPPF is a single platform that provides the framework to enable disparate payment applications and services to communicate. Members of the PASS Consortium provide PASS Commerce Center services. Created by IP Commerce, this group is comprised of leading financial institutions and payment service providers working together to promote secure and efficient open financial transactions by leveraging IPPF and the Windows Vista operating system. PASS Consortium members include: BankServ, Chase Paymentech, CIT Group Inc., Internet Commerce Corporation (NasdaqCM: ICCA), CashEdge and PayPal.
The PASS Commerce Center allows business users to perform the following financial activities easily and more securely from a Windows Vista-based PC:
-- Credit Card Processing: Chase Paymentech enables a business computer to become a point-of-sale terminal for credit card payment processing.
-- Financial Solutions: CIT provides businesses access to financing, including payment protection, small business loans and equipment financing.
-- Remote Deposit: BankServ's remote check deposit service eliminates trips to the bank and automates payment posting to accounts receivable applications.
-- EDI Pay: Technology from Internet Commerce Corporation facilitates the electronic exchange of business documents with trading partners.
-- Email Invoicing: PayPal allows small businesses to generate payment-enabled invoices, receive online payments, and gain insight to real-time payment information through the PASS Gadget.
"Windows Vista is a catalyst for change in the financial industry, particularly for small businesses, helping them to become more productive and efficient," said Chip Kahn, CEO of IP Commerce. "PASS Commerce Center was developed to give small businesses using Window Vista Business the financial management tools they need to succeed. We are excited to be able to provide such a valuable solution to the marketplace."
PASS Commerce Center contains two complementary elements to provide a holistic financial management experience, PASS Cash Management Center and the PASS Gadget. PASS Cash Management Center pulls from financial account information sources to display a consolidated, updated picture of a company's cash flow. The PASS Gadget provides real-time messaging to the user, displaying financial alerts from connected financial resources and notification of new products and services. PASS Commerce Center also has many of the unique features of the Windows Vista operating system including the Windows sidebar, Windows Security Center and other security features, Instant Search, and Windows Presentation Foundation for a more secure, user-focused experience.
"Small businesses have so many barriers to success. Windows Vista Business, along with PASS Commerce Center, can help these businesses tackle one of the largest barriers - financial management," said Gustavo Blum, senior product manager for Windows Client at Microsoft Corp. "Small businesses can use PASS Commerce Center to save time, gain much needed visibility into their cash flow forecast, and easily discover new commerce services so they can grow and thrive."
PASS Commerce Center is available now with the launch of Windows Vista Business. For more information about PASS Commerce Center visit www.passpayments.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 BankServ, Chase Paymentech, CIT Group, Inc., Internet Commerce Corporation, CashEdge, and PayPal. For more information on PASS, the PASS Consortium or PASS Commerce Center, please visit www.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.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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