BOULDER, Colo.--(BUSINESS WIRE)--InspirePay, a Boulder-based startup company funded in part by Boulder’s newest venture capital firm Tiforp Business Ventures, today launched the first universal payment platform that consolidates all online commercial transaction options into a single, streamlined, secure and customizable payments hub. By aggregating all Internet commerce choices – from credit cards to proprietary systems like PayPal, Google Checkout, Dwolla and AmazonPayments – InspirePay provides businesses and consumers with an easy-to-use, flexible and secure protocol to make and receive payments without the complexity of expensive, disconnected, closed systems that dominate the payments industry today.
InspirePay’s fully customizable platform allows businesses of all sizes – from sole proprietors to the enterprise – to private-label their own payment experience or shopping cart for their customers. “Despite new systems coming online all the time, they remain closed, complex networks with hidden fees that continue to frustrate businesses and their customers,” said InspirePay Founder and CEO Mark Fischer. “Aggregated under a fully open network with our powerful Application Programming Interface, InspirePay makes it possible for anyone to set up a payment page, brand it, customize it and connect their payment methods, all with frictionless integration.”
InspirePay is backed by several investors including Tiforp Business Ventures, LLC. Founded by young, tech-savvy entrepreneurs, Tiforp is focused on social media and payments investments including several smartphone applications and RockCityClub.com, recently launched by music industry pioneer Jack Wishna, who developed the idea with the late Don Kirshner. “Our philosophy is to invest in bankable businesses that have yet to establish their brands,” said Michael Abdy, Tiforp founder. “InspirePay is a perfect example of how a small investment can solve very big business problems – in this case, by providing literally millions of small merchants and consultants with a payments processing solution that avoids the exorbitant fees and complexity that still plagues the marketplace today.”
For more information, please visit www.inspirepay.com.