SYS-CON MEDIA Authors: Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel, Peter Silva

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IP Commerce Launches New Service for QuickBooks® Users in the Clover App Market

IP Commerce, Inc. and First Data Corporation, the global leader in payment technology and services solutions, today announced the launch of Commerce Sync® on Clover™ Station, First Data’s innovative, cloud-based business control and payment platform that puts a robust business application marketplace at the merchant’s fingertips.

Commerce Sync, now available in the Clover App Market, is a powerful new service that saves small business owners and accountants valuable time by eliminating the tedious and error-prone process of manual data entry. After downloading the service from the Clover App Market, Commerce Sync automatically transfers Clover™ Station sales information to QuickBooks® accounting software.

Commerce Sync can be activated in minutes directly from the Clover point-of-sale platform and the service seamlessly synchronizes the data that merchants use to manage and run their businesses. Commerce Sync then transfers all individual sales transactions to any QuickBooks online or desktop account with support for all payment types, discounts, sales tax, tips and merchant-entered transaction notes.

According to Intuit, U.S. small and medium sized businesses spend seven billion hours each year managing their finances. Commerce Sync relieves business owners of this burden, reducing the time spent on manual data entry and increasing the accuracy of their financial accounting. Commerce Sync can save a typical small business owner more than 180 hours each year.

“We help businesses become more efficient. This is what we do,” said Charlie Wilson, President and CEO of IP Commerce. “Commerce Sync gives back hours of time each week to overworked small business owners. Business owners now have the freedom to spend time on more important things at work or away from it. We are thrilled to be launching with Clover. Like us, Clover is committed to the needs of small business owners.”

Commerce Sync joins a growing list of available applications for businesses in the Clover App Market, which enables third party developers to distribute their products to merchants using Clover. “We are incredibly thrilled to add Commerce Sync to the Clover App Market,” said Leonard Speiser, president Clover Network Inc. “Clover was developed to address the unique and diverse needs of America’s 28 million small business owners and to help those businesses grow. Solutions like Commerce Sync, a highly robust app that supports both QuickBooks’ desktop and online customers, provide merchants with the tools they need so they can focus more time on their customers and businesses, and less time on data entry.”

“This is all about giving small business owners the benefits of another seamless QuickBooks integration that saves them time,” said Ronny Tey, Group Marketing Manager for QuickBooks Apps.com. “QuickBooks Online is the worldwide leader in cloud business management because it offers best-in-class tools, like Commerce Sync, that are tailored to meet the needs of small businesses.”

Commerce Sync can be activated directly through the Clover Station and is available to all new and existing Clover customers.

About IP Commerce

Founded in 2005, IP Commerce develops innovative products and services that automate business processes for small and medium sized businesses. The company has offices in Denver, Colorado, and San Francisco, California, and is backed by Intel Capital, Venrock, Meritage Funds, and TTV Capital. For more information, visit commercesync.com or @commerce_sync.

About Clover and the Clover App Market

First Data’s Clover™ Station is a powerful new cloud-based business control and payment platform that gives small and mid-sized business (SMB) owners everything they need to manage their businesses. Clover allows merchants to track inventory, manage employees, gain customer insight to build stronger, lasting customer relationships, and accept payments with ease, all from a sleek point-of-sale terminal. Apps for the innovative POS system are available in the Clover App Market, which enables third party developers to distribute their products to merchants using Clover. Clover Station is part of a series of innovative solutions introduced by First Data within the last 12 months to help merchants and financial institutions grow. For more information about Clover and the Clover Developer program, please visit www.firstdata.com/clover.

About First Data

Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on FirstData.com as well as on Twitter, LinkedIn, Facebook and YouTube.

Commerce Sync® is a registered trademark of IP Commerce, Inc.

QuickBooks® is a registered trademark of Intuit, Inc.

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