BIPS

BIPS is a Bitcoin Payment Service Provider system developed by BIPS that allows its users to accept online Bitcoin payments, Recurring Billing, Point of Sale, and Embedded Solutions among other things, as well as utilizing partner APIs for hosted eCommerce solutions. BIPS can deliver near field communication (NFC) to "make secure payments fast and convenient by simply tapping the phone on any BIPS-enabled point of sale at checkout. And the possibility of sending payment information via sound based on Chirp". BIPS was subject of a major theft in 2013.

Availability

BIPS POS NFC can be used with the following devices:

Phones

• HTC One on Sprint
• HTC One SV on Boost Mobile
• HTC EVO 4G LTE on Sprint
• LG Viper 4G LTE on Sprint
• LG Viper 4G LTE on Zact Mobile
• LG Optimus Elite on Sprint
• LG Optimus Elite on Virgin Mobile
• LG Optimus Elite on Zact Mobile
• LG Nexus 4*
• LG Nexus 5*
• Motorola Moto X*
• Samsung Galaxy Note II on Sprint
• Samsung Galaxy Note II on US Cellular
• Samsung Galaxy SIII on Sprint
• Samsung Galaxy SIII on MetroPCS
• Samsung Galaxy SIII on US Cellular
• Samsung Galaxy SIII on Virgin Mobile
• Samsung Galaxy SIII on Boost Mobile
• Samsung Galaxy S4 on Sprint (model number must be SPH-L720)
• Samsung Galaxy S4 on US Cellular
• Samsung Galaxy S4 Google Play EDition*
• Samsung Nexus S 4G on Sprint
• Samsung Galaxy Nexus on Sprint
• Samsung Galaxy Nexus*
• Samsung Galaxy Victory 4G LTE on Sprint
• Samsung Galaxy Victory 4G LTE on Virgin Mobile
• Samsung Galaxy Axiom on US Cellular

Tablets

• Asus Nexus 7
• Samsung Nexus 10

Mobile App can be found in both Google Play and App Store

Business model

BIPS doesn't charge merchants for accepting Bitcoin online or with point of sale as payment for merchandise, but run a 0% Payment Processing Fees, and plans to make money by the conversion spread.

Security

Passwords are stored with a double salted SHA-512 hashing algorithm, and the entire website is protected with AES RIJNDAEL 256 encryption.

BIPS protects your payment information with industry-leading security and fraud protection.

On top of this, their server/database is regularly stored on tape backups. For added security one can also enable Secure Card and Google Authenticator at any time for up to 3 levels of authentication.

BIPS settle payments at a minimum of every 10 seconds and does not store bitcoin on its servers.

Competitors

BIPS has run a competitor to Google Checkout, since 2011.

Privacy

BIPS' Privacy Policy is their guarantee to keep your personal information confidential. They will only use your information in accordance with the terms of this Privacy Policy. Before permitting you to fully use and access their service, they may also require you to provide additional information so that they can verify your identity, address and your date of birth to manage The Risk of abuse, fraud, money laundering and [...] financing.

See also

• Bitcoin
• eCommerce
• POS
• Near field communication (NFC)
• Chirp