Announces Platform Enhancements based on Developer and Partner Feedback that Accelerate Time to Market Across Any Payment Channel
DENVER--(BUSINESS WIRE)--Today, IP Commerce, the industry leader in multi-service, multi-channel open API platforms, is announcing an update to its Managed Commerce Services Platform and developer APIs. These updates address the features required by developers to innovate on behalf of, and in partnership with, all participants in the payments industry and are based on more than thirty iterations of the IP Commerce APIs and five years of experience working directly with the payments developer community. The Platform update also includes the addition of theCommerce Service Bus, offering unprecedented access to Platform capabilities facilitating the development and deployment of “snap-in business solutions” known as Commerce Modules and ensuring the availability of Value-Added Services as required by the market, with the result of driving positive network effects for all participants.“After enabling hundreds of Software Companies and developers building commerce applications, in the online, offline, mobile and even social networking channels - both directly and through white-labeled partner developer labs - their feedback has been very clear”
The Commerce Service Bus, a core component of the IP Commerce Platform, supports dynamic and flexible Commerce Business Rules, provides additional Value-Added Services to developer workflows, and extends the Federated Identity governance inherent in the Platform. The exposure of this component and features within, through the developer APIs, allow for the creation of new and innovative workflows by developers expediting their time-to-market and ensuring the appropriate services are available more rapidly than ever before.
“After enabling hundreds of Software Companies and developers building commerce applications, in the online, offline, mobile and even social networking channels - both directly and through white-labeled partner developer labs - their feedback has been very clear,” said Alfred ‘Chip’ Kahn IV, CEO, IP Commerce. “Efficient integrations to payment services are only a portion of the equation when providing commerce APIs. Ensuring the development community is enabled throughout their commercialization process and provided with access to new services (that can be leveraged by peer developers) builds value that all developers and the payment service providers they partner with can participate in. The positive network effects driven by this technology represent substantial opportunity for all in the payments value chain.”
Leveraging the Commerce Service Bus and Federated Identity capabilities of the IP Commerce Platform, software companies are building Commerce Modules. These innovative snap-in business solutions represent a unique capability ensuring efficient multi-channel and multi-service integrations are complemented with data, processes and workflows designed to meet developer’s needs. Software Companies with unique solutions can deliver their products and services as Commerce Modules available to the entire community of developers leveraging the IP Commerce Platform and developer APIs. These Commerce Modules are certified through the Commerce Module Logo Program demonstrating their adherence to best practices including appropriate implementation of Federated Identity and payment security (i.e. PCI-DSS).
With the Commerce Service Bus and Federated Identity, Value-Added Services required for a holistic commerce solution are available to the development community for rapid integration. Whether monitoring transaction status, performing transactional risk management, or leveraging 3rd party encryption or tokenization, software companies can make decisions based on their customers’ needs rather than as a result of technology limitations. Additionally, providers of these value-added services can quickly gain market share through the largest community of payment developer integration labs available in market.
Find out more information about these capabilities, and other features such as Commerce Business Rules, at http://www.ipcommerce.com/Commerce_Service_Bus.aspx.
About IP Commerce: Based in Denver, Colo., IP Commerce, Inc. provides the first cloud-computing platform for commerce. The Managed Commerce Services Platform enables Service Providers and Software Companies to become solutions providers enabling new workflows and processes on-demand. The Platform reduces the cost, time and complexity of deploying commerce enabled applications while introducing an application development & delivery layer that provides positive feedback loops and economies of scale (i.e. quicker to market, open new channels) to partners.Whether developing a payment application, or addressing the needs of a community of Software Companies as a payment service provider, the Platform provides a white-labeled approach to integration, promotion, acquisition and activation.
IP Commerce maintains partnerships with some of the world’s most respected financial institutions and software companies. Leading investors, including Venrock, Appian Ventures, and Meritage Funds, back the company. For more information, visit www.ipcommerce.com.
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