IBM Unveils Web Payment Software - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

IBM Unveils Web Payment Software

IBM today unveiled software that lets service providers host E-commerce transaction services for multiple merchants.

WebSphere Payment Manager 2.1 serves as a sort of security-enhanced Internet cash register. By giving Internet service providers, application service providers, banks, and financial institutions the ability to host E-commerce transactions, smaller business will be able to establish sites that process online credit- and debit-card transactions without the cost or complexity of managing the applications themselves. For larger businesses entering the E-commerce market, it offers the ability to move their transactions online more quickly than if they had to establish a site themselves.

"A lot of merchants don't want to manage the complexity of the E-commerce transactions," says Steve Ryan, senior VP of technology for e-Visa, which has certified the WebSphere Payment Manager for its banking customers. "They'd rather outsource that part. The IBM software gives banks the ability to host this service."

Specifically, service providers and financial institutions using WebSphere Payment Manager will be able to host payment services for multiple remote merchants. Merchants will benefit by integrating payments into business processes and software such as online catalogs and accounting packages. The software also will let them accept multiple payment types. The product is available today in English and will be available in other languages next month. It will also support multiple currencies, giving merchants a global reach.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Get Your Enterprise Ready for 5G
Mary E. Shacklett, Mary E. Shacklett,  1/14/2020
Commentary
Modern App Dev: An Enterprise Guide
Cathleen Gagne, Managing Editor, InformationWeek,  1/5/2020
Slideshows
9 Ways to Improve IT and Operational Efficiencies in 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/2/2020
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll