The IP Commerce Opportunity: IP Commerce provides a new way to develop and deliver on-demand payments and commerce services
Until now, the lumbering financial industry has been plagued by the inability to quickly harness technology to offer more innovative products, and effectively respond to customer needs. Major industry concerns center on increased customer demand for new tender types, blocks to innovation, lack of standardization, and security and regulatory pressure.
Consider These Statistics:
- Transactions total $209 billion annually1
- Cost to add new service: up to $200,000 per integration2
- 54 billion electronic transactions in 2004, 106 billion by 20093
IP Commerce – Trusted by Industry Leaders
The IP Commerce Network and Platform are already being used by companies like PayPal, Microsoft, and Chase Paymentech.
IP Commerce Network and Platform
In response, IP Commerce is the first industry player to bring together software companies, financial service providers and distribution channels to tackle this challenging industry issue.
Embracing this unique opportunity, IP Commerce provides a new way for these audiences to develop and deliver on-demand payments and commerce services. IP Commerce makes this happen through a network of partnerships in combination with its flagship software product that is based on service-oriented architecture.
Together, the software companies, financial institutions, and distribution channels working with IP Commerce create an open world of commerce where hundreds of new and traditional services are available to virtually any business. Only members of the IP Commerce Network have a way to provide their customers with on-demand access to essential payments and commerce services.
IP Commerce – Trusted by Industry Leaders
The IP Commerce Network and Platform are already being used by companies like PayPal, Microsoft, and Chase Paymentech. Each of these companies have engaged with software developers within the network to create and deliver new commerce services to new and existing markets using established and new distribution channels.
Open Your Opportunities Through IP Commerce
Financial Institutions and Service Providers
Meet new software companies and work with them to create an unlimited number of customer-friendly commerce services more easily, quickly, and less expensively.
Software Companies
Work with top-tier financial services providers and build applications to bring these services from the providers to the desktop.
Distribution Channels
Sell software applications that leverage the service provider’s services in desktop applications.
1. Morgan Stanley, 2006
2. IP Commerce interviews with numerous software companies, 2005-2006
3. Jack Stephenson, McKinsey & Co. August 14, 2006