Paymetric Experiences Record Quarter

"Paymetric's decision to move from an On-premise model to a hosted, SaaS model was key to our team's outstanding achievement of delivering a record quarter for the company," said Larry Wine, CEO, Paymetric. "The momentum we are creating shows our clients, prospects and partners that we are at the forefront of developing innovative payment security and integration solutions. These large, distinguished brands turned to us to help eliminate the pains associated with accepting electronic payments in their enterprise systems. Our XiPay On-Demand and XiSecure On-Demand solutions were the perfect remedy."

For payment acceptance, traditional, On-premise ERP payment solutions require large licensing fees, significant hardware procurement costs and regular maintenance contracts. Paymetric's SaaS solution, XiPay On-Demand, enables companies to manage, accept and integrate virtually every type of electronic payment in any enterprise system where payment is accepted and ultimately lowers the customers' total cost of ownership (TCO) via:

-- Inclusive monthly service fee, reduced installation costs

-- Reduced billing, collection and administrative costs

-- Reduced customer attrition costs

-- Reduced interchange fees

-- Reduced IT costs- no hardware to manage, no operating system or database patches to install or key management activities to upkeep

In addition, the pressure of achieving compliance with Payment Card Industry Data Security Standards (PCI DSS) and regular audits continue to put stress on companies who process electronic payments. With XiSecure On-Demand, Paymetric's tokenization solution, companies are afforded the opportunity to eliminate the transmission and storage of sensitive cardholder data, which radically improves data security while quickly reducing the scope and financial burden of PCI compliance. Merchants no longer need to transmit or store credit card numbers, yet can continue to conduct business as usual with "tokens" that span the entirety of the customer relationship. With no sensitive cardholder data to be compromised, merchants are less exposed to a data security breach.

"XiPay On-Demand and XiSecure On-Demand provide customers with peace of mind regarding their card holders' security and reduce their overall costs, something every company in this economy can appreciate," said Asif Ramji, Executive Vice President and General Manager of Integrated Payment Solutions, Paymetric. "Companies no longer have to worry about installing, maintaining and upgrading applications. We do that for them, streamlining their payment acceptance processes and providing great value."

For additional information about Paymetric solutions, please register for our upcoming webinar on Tokenization. Listen as Larry Wine, Paymetric CEO, answers David Taylor of PCI Knowledge Base's toughest questions. To register, visit http://www.paymetric.com/?page_id=62.

ABOUT PAYMETRIC

Paymetric, Inc. is the leading provider of integrated and secure electronic payment acceptance solutions that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric's solutions support virtually every type of electronic payment in any enterprise system where payment is accepted. Paymetric is recognized as an industry leader and is a three-time award-winning SAP certified partner. Visit www.paymetric.com for additional information.

SOURCE: Paymetric, Inc.

Paymetric, Inc. 
Autumn Coleman, 678-242-5284 
acoleman@Paymetric.com 
or 
Heather Graham, 404-214-0722 ext 103 
hgraham@trevelinokeller.com