Electronic Payment Processing Leader PaySimple Partners with IP Commerce to Power Its Credit Card Processing via the IP Commerce Platform

Denver, CO, June 18, 2008 --(PR.com)-- PaySimple, the leading provider of SaaS (Software as a Service) on-demand electronic payment solutions for small businesses, announced that it has entered into an agreement with IP Commerce, Inc., a software company delivering on-demand access to the next generation of commerce services, to integrate its credit card processing services into the IP Commerce Platform.

The two companies are combining their strengths to offer a more innovative, efficient and simple way to deliver payment processing solutions to small businesses. The PaySimple Solution 2.0 helps small businesses bridge the technology gap, and grow with the efficiency and cost-savings that large companies have, but with the customization and personal touch that small companies need. The centerpiece of the solution is the Payment Processing Center that allows users the ability to electronically collect payments via credit card or eCheck/ACH as well as pay their vendors in one user-friendly, convenient solution.

Using the free Commerce Toolkit for Applications, PaySimple was able to integrate to the IP Commerce Platform and quickly provision its secure credit card processing service through its chosen service provider. The Toolkit provides for a faster, easier way to connect targeted payment software services that reach the small business market by eliminating one-off integration projects and allowing software companies like PaySimple to streamline their development. As new services become available through the IP Commerce Platform, PaySimple can opt to add in those services without implementing and certifying an entirely new development effort.

“We’re proud to partner with such an innovative company, offering a robust payment solution that meets the needs of small businesses,” said Chip Kahn, IP Commerce CEO. “We welcome PaySimple into our Network to rapidly deploy payment services and become more responsive to their customer needs.”

The partnership provides PaySimple with a faster and easier way to sell to and activate new small business customers that meets compliance, security, cost and scale considerations. The PaySimple Solution 2.0 allows small-business owners the benefits and speed of eCommerce transactions, even if they don’t have a Web site. With the enhanced PaySimple WebForms Module, even novice users can create securely hosted Web pages that their customers or donors can use to make payments for online purchases, pay their bills online, or even set themselves up on recurring billing.

Card Data Security Compliance

PCI Compliance is required by major bankcard issuers like Visa and MasterCard for all merchants handling credit cards. Commerce Toolkit for Applications provides a framework for building complaint solutions, easing the navigation of the Payment Card Industry Data Security Standards for PaySimple.

“Commerce Toolkit for Applications from IP Commerce guided us through the compliance requirements and helped us build a PCI Compliant credit card processing solution,” said Eric Remer, PaySimple CEO. In order to help their own customers reach PCI Compliance, PaySimple designed PaySimple 2.0 to the highest security standards that were validated as part of the company’s own PCI Compliance audit. “These security measures give our merchants peace of mind that their customer’s data is secure.”

Both the IP Commerce Platform and Commerce Toolkit for Applications have been validated as meeting Payment Applications Best Practices standards and appear on Visa’s list of validated payment applications.

About IP Commerce
Based in Denver, Colo., IP Commerce, Inc. is a platform software company that provides dramatically simplified development and deployment of secure commerce solutions. The company’s IP Commerce Platform unites software companies, service providers and distribution channels in a dynamic new environment, with the intent to deliver on-demand access to the next generation of commerce services -- far more quickly, easily and securely than ever before. IP Commerce opens worlds of commerce.

IP Commerce 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.

About PaySimple: PaySimple creates platforms that simplify and empower the lives of small business owners. PaySimple provides an on-demand Software as a Service (SaaS) platform that enables small businesses to bill, collect, and manage their customer payments under one user-friendly system. The PaySimple solution includes: recurring billing, email invoicing, ACH direct-debit, credit card processing, e-check processing, EFT, online payments, and more. For more information please go to www.paysimple.com.

Marlena Fernández Berkowitz