IP Commerce in the News
Visa Readies to Take on Rising Competition in Payment Biz
"Currently traditional players like Visa and MasterCard (NYSE: MA) have been facing challenge from the likes of PayPal, IP Commerce, and Amazon who are creating general purpose software platforms which will be opened for application developers by exposing APIs.
These platforms sit over a grid of rails -- or a network that connects various players who facilitate payments like point of sale machines, banks and clearing and settlement houses."
Software Platforms Will Rule the Future of Payments, Expert Argues
"David S. Evans, an economist and veteran payment-industry observer was the keynote speaker at the Federal Reserve Bank of Chicago’s annual payments conference Thursday, who cited PayPal Inc., the new Square Inc., and a Denver-based developer, IP Commerce Inc., as leaders in what he called a revolutionary transformation of electronic payments that some day will be built upon no more than five to 10 software platforms that will give rise to countless applications for consumer and business users."
10 Reasons Check Volumes will Hasten their Decline in the US
"Said simply, viable alternatives to check and cash payments are multiplying – at an astonishing rate. There has been activity in the B2B financial supply chain space for some time. Now, there are more options there than ever before, and it is becoming easier for smaller businesses to enroll than with earlier incarnations."
Software Platforms Will Spur Future Payments Innovation
"Square Inc., which developed a device that enables small merchants and even consumers to use mobile phones to accept cards, is a prime example of how software platforms are changing payments, Evans said. The company created a card-acceptance iPhone app to use in conjunction with the device and incorporated software created on IP Commerce Inc.’s platform. IP Commerce provides a portal that enables Square’s device to connect to multiple card-processing systems, he said."
Millions of Energy Customers in CA Can Now Make Mobile Bill Payments
IP Commerce is acting as TIO’s credit and debit gateway, and eventually will power other forms of payment. “Via IP Commerce, TIO can facilitate transactions with leading processors like First Data and others,” Mr. May said. “IP Commerce’s suite of services significantly reduced our time to market with our mobile product.”
Can IP Commerce Create the App Store for Payments?
"There’s no Steve Jobs strutting on the stage, massive consumer buzz, or slick television ads about how there’s an app just for you. But there are some things you’ve probably heard about and a soon-to-be known Denver based company, IPCommerce, is the invisible engine that’s powering them."
Hosted Payments Pages and Fields
"One of the things we’ve been noticing is that some of the more innovative HPP providers have been taking some of the traditional friction out of the process for merchants – specifically the often complicated/time consuming process of updating the payments pages hosted on someone else’s systems."
5 Burning Questions for a Platform Evangelist: IP Commerce's Tyler Hannan
"Why is the payments industry now so focused on the notion of cloud computing and "payments in the cloud?" What is it and how does it change the industry's ecosystem?"
March 2010
Areas I'm Likely to Invest in During 2010
"For me, 2010 will be the year of the platform. The notion of open platforms that enable third-party developers to innovate on top of the platform by consuming API is alluring to me. I’ve already put my money where my mouth is on this one as several of my investments have ”platform” as a core component of their product and go-to-market strategy."