Monday, September 20, 2010
Palm Harbor, FL., September 20, 2010 - Affirmative Technologies, Inc., (www.affirmativeusa.com) a leading solutions provider for hosted ACH payment platforms, and IP Commerce, the industry leader in multi-service, multi-channel open API platforms today announced their partnership to deliver Affirmative’s comprehensive set of ACH services through IP Commerce’s Managed Commerce Services Platform to software developers and direct merchants/billers.
The alliance enables software developers to quickly and easily add ACH processing solutions and other core payment services (including credit and debit), alongside value-added services, to new and existing software solutions through a single interface. This allows software companies to expose multiple payment options to their customers with one development effort. The process is seamless to the customer, automating the manual payment processing cycle, reducing transaction fees, and increasing funds availability, while ensuring both security and regulatory compliance is effectively managed by true veterans in the payment space.
Integration to Affirmative’s ACH services can be done via readily available, language neutral, APIs from IP Commerce’s developer-focused portal at http://commercelab.ipcommerce.com.
George Bassous | Affirmative Technologies
"This strategic partnership validates our efforts to expand our product line in verticals that need cost-effective payment solutions, but want a choice as to the type of processing model they provide to their customers. Affirmative and IP Commerce provide a single payment integration model that is both processor and bank agnostic. This enables software end-users to have more control over their payment choices, and allows them to easily adopt new innovative payment methods.”
Alfred 'Chip' Kahn IV | IP Commerce
“The addition of Affirmative’s services to our platform is in direct response to a market demand for multi-service and multi-provider offerings at the time of development. The exposure of Affirmative’s ACH services allows for the creation of new, innovative workflows by developers - driving growth for all participants in the payments ecosystem.”
About Affirmative Technologies
Established in 1998, Affirmative Technologies, Inc. clients include Financial Institutions, Third Party Processors, Check Recovery Companies, and businesses nationwide, who process millions of consumer and corporate transactions annually through Affirmative’s core ACH processing applications. The applications make possible next day settlement through the ACH network between businesses, consumers, and their financial institutions.
Affirmative operates an Application Service Provider (ASP) business model that is unique in the ACH processing space; focusing solely on developing electronic payments technology it has become one of the largest processing application and technology providers in the electronic payments industry. Affirmative’s WEB hosted data solutions provide for the highest levels of encryption, data security, redundancy, and disaster recovery; its’ data hosted solutions are SAS70 Level 1 & 2, and Sarbanes-Oxley compliant.
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 Meritage Funds, Venrock and TTV Capital back the company. For more information, visit www.ipcommerce.com
