How they describe themselves: IP Commerce is a software company and platform provider that offers an Enterprise Service Bus built specifically for commerce. The Enterprise Service Bus facilitates rich, two-way interactions, thereby enabling all members of the commerce ecosystem (retailers, application developers, ISVs, acquirers, processors, social networks, value-added service providers) to seamlessly and effectively work together. IP Commerce is based in San Francisco, California with offices in Denver, Colorado and close to 100 employees.
How they describe their product/innovation: With their new Multi-Party Payments (MPP) Commerce Playlist, IP Commerce is offering a development solution to enable multiple parties to exchange funds based on a set of rules governing the exchanges. When combined with the IP Commerce [Payments] Platform, the MPP Playlist will provide a robust solution to the issues associated with payment acceptance and funds disbursement between one-to-many payers and one-to-many payees – all through a seamless user experience.