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SOURCE: IP Commerce
IP Commerce announces an innovative new Multi-Party Payments solution during the FinovateSpring 2012 conference.
San Francisco, CA (PRWEB) May 08, 2012
Today, IP Commerce® announced the immediate availability of their new Multi-Party Payments (MPP) Commerce Playlist - a powerful rules-based engine designed to streamline and simplify the collection and disbursement of funds across multiple parties. Developed to serve the growing online and onsite requirements of retailers and software providers, MPP adds additional capabilities to the IP Commerce Platform.
The announcement of MPP came today at the FinovateSpring 2012 conference in San Francisco – a two-day showcase of the newest financial and banking technology innovations from leading technology companies. The solution, designed to offer retailers and software developers a choice against other expensive and inflexible alternatives from PayPal and Amazon, supports both the card-present (onsite) and card-not-present (online) requirements these markets demand.
When building applications on the IP Commerce Platform, partners can leverage robust MPP features to address the pain points associated with payment acceptance, funds disbursement and identify verification. The solution supports one-to-many and many-to-many workflows for payers and payees – all through a simple API or management console.
“The software companies and associated retail customers we serve have repeatedly asked us to help with this thorny infrastructure challenge,” said IP Commerce Founder and CEO, Alfred ‘Chip’ Kahn IV. “The Multi-Party Payments Playlist provides our customers with cloud-based functionality to address the collection and disbursement challenges associated with Online-to-Onsite payment workflows – allowing them to remain focused on getting their applications and services to market quickly, while leveraging our platform to do the heavy lifting associated with commerce workflow orchestration.”
Key MPP features offered by IP Commerce:
The methods of commerce between a buyer and a seller are changing radically. Just as there are more cloud-connected devices (laptops, smartphones and tablets) replacing legacy client/server terminals, there are also more ways for buyers to interact with sellers (via apps, deals, and social media). MPP has extended the capabilities of the IP Commerce platform to directly address this issue.
We enable the next generation of commerce applications, known as POS 2.0, which brings online consumer experiences into offline commerce environments via tablet, mobile and all other connected devices.
IP Commerce offers the only open Platform-as-a-Service (PaaS) that serves POS 2.0 application developers with fast and easy APIs and workflows for innovative commerce solutions. Our intelligent infrastructure provides advanced two-way workflows and data for rich commerce interactions, retail offer management, multi-party fund disbursement, merchant boarding and much more -- all enabled by our private-labeled Platform.
We maintain offices in Denver and San Francisco and have partnered with many of the world’s most respected and forward-thinking financial institutions and software companies, including Vantiv, Chase, Intuit, Square and many others. Our Platform powers more than $12 Billion in annual commerce value stimulated by some of the most innovative commerce applications in the world used by businesses and consumers every day.
For more information, visit http://www.ipcommerce.com/mpp or for media contact, email Donne Whitlow: dwhitlow-at-ipcommerce-dot-com.
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