Payments as a Secure Service
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Payments as a Secure Service was designed to further commerce over the Internet via software which runs under Windows Vista. It was developed by the PASS Consortium, a group of leading financial institutions and payment service providers, to enable small businesses the ability to complete transactions from their desktop, as a service. [1]
Various applications of PASS include ones which enable a business computer to become a point-of-sale terminal for credit card processing, sending and receiving of online payments via email invoicing through PayPal,[2][3] posting payments automatically to an accounts receivable application, receiving purchase orders and creating invoice requests for large trading partners through Electronic Data Interchange (EDI).
IP Payments Framework, from IP Commerce, is the technology Behind PASS which ensures that all transactions are conducted securely over Internet Protocol (IP).
External links
References
- ↑ Reneee Boucher Ferguson, "MS, PASS Consortium to offer payments-as-a-service Platform in Vista", eWeek, 2006
- ↑ Glen Fest, "Big Hitters Make a PASS: Microsoft and PayPal part of desktop business payments consortium", Bank Technology News, August 2007
- ↑ Tamara Schweitzer, "You Can Now Manage Business-to-Business Payments with PayPal", Inc. Magazine, May 23, 2007
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