IP Commerce Introduces New Version of Commerce Toolkit for Applications to More Easily Integrate Multiple Payment Types to Multiple Service Providers
With a Single Integration, Commerce Toolkit for Applications
Enables Support for a Number of Payment Types Including Bank Card
Processing, Stored Value, and Electronic Check
DENVER--(Business Wire)--IP Commerce, Inc., a software company delivering on-demand access
to the next generation of commerce services, announced today the
release of an enhanced version of Commerce Toolkit for Applications
for software companies to more easily create secure, commerce-enabled
applications. The new version of Commerce Toolkit for Applications
includes a tutorial application and usability enhancements to make
application development more intuitive.
Commerce Toolkit for Applications eliminates the need for .NET
software developers to build a new connection to a service provider
every time they develop a new payment application. The Toolkit is
simply a better way to integrate payment applications. It greatly
reduces both time and cost when implementing and maintaining commerce
connections within an application.
Through the use of Commerce Toolkit for Applications, software
companies can easily, rapidly and economically gain interoperability
to a multitude of service providers, which dramatically increases the
size of the available market for them and the value of their offering.
As new service providers are added to the IP Commerce Platform,
software applications can immediately leverage these new partners for
the transaction types they support, without further integration.
"Using Commerce Toolkit for Applications, we integrated bank card
processing services with our point-of-sale application in less than
three weeks and with no prior payment integration experience," said
Martin Jaramillo, president of Buildernet Software. "The Toolkit also
made bank card security requirements easier to navigate."
The security of commerce applications is becoming more regulated,
and software companies are expected to bear the cost of developing
applications that meet Visa's Payment Applications Best Practices
(PABP) guidelines for card data security. Commerce Toolkit for
Applications significantly reduces the burden on software developers
by providing a number of components that address the functional
requirements necessary for PABP compliance including secure user
authentication, data encryption, key management, and activity logging.
"The latest version of Commerce Toolkit for Applications greatly
enhances the software developer's ability to quickly and easily
integrate new payment types so they can stay focused on their core
business," said IP Commerce CEO Chip Kahn. "By adding additional
payment services to their portfolio, developers can deepen their
existing customer relationships and better meet the growing demands of
the marketplace, while at the same time effectively and efficiently
managing go-to-market costs."
Key Features and Benefits of Commerce Toolkit for Applications
Include:
-- Simple Integration to Service Providers: The Toolkit provides
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.
-- PABP Compliance: The Toolkit addresses stricter bank card
security mandates that come in to effect this year. The
Toolkit provides the fastest, most-effective route to Visa's
PABP compliance by including best practice implementations of
PABP recommendations.
-- Open New Sales Channels: Through the IP Commerce open Network
of top-tier payment processors, acquiring banks, retailers,
and value-added resellers, software companies can easily
distribute their products to other members of the IP Commerce
Network and explore new channel distribution opportunities
while increasing their return on investment.
"The IP Commerce Network is a key element in our growth strategy,"
said Rick Robshaw, CEO, Club Prophet Systems. "Using Commerce Toolkit
for Applications as the foundation for our payment services, we're
able to respond to customer demands and expand our distribution by
quickly and easily connecting to new payment services and providers."
Commerce Toolkit for Applications was formerly known as the IPPF
Secure Payments SDK. For more information or to download the free
Commerce Toolkit for Applications, visit
http://commercelab.ipcommerce.com/.
About IP Commerce
IP Commerce, Inc. is the software company behind the world's first
open commerce network delivering on-demand access to the next
generation of commerce services. The IP Commerce Platform, the
company's flagship product, is the first open network to connect
commerce services from leading financial institutions with software
developers and established distribution channels. In an unprecedented
use of service-oriented architecture, IP Commerce makes services
accessible to small businesses that are critical to daily business
operation and that traditionally have been exclusively available to
large businesses. IP Commerce opens worlds of commerce, large and
small.
Based in Denver, Colo., IP Commerce, Inc. maintains partnerships
with some of the world's most respected financial institutions and
software companies. The company is backed by leading investors,
including Appian Ventures and Meritage Funds. For more information,
visit www.IPCommerce.com.
IP Commerce
Kate Speights, 720-377-3700 ext. 834
kspeights@ipcommerce.com
or
104 West Partners
Meredith Bagnulo, 303-513-7494
meredith.bagnulo@104west.com
Copyright Business Wire 2008
