2009-11-09 15:19:04 -

Paymetric Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, today announced the results of another consecutive record quarter of sales. During the third quarter of 2009, Paymetric added a myriad of new clients to the company’s customer portfolio including a number of leading world-class brands.

“Our momentum throughout the last few months points directly to the industry’s

eagerness to implement tightly integrated and secure payment solutions,” said Larry Wine, CEO, Paymetric. “The innovative payment solutions we offer are compelling to companies because the value proposition of secure payment acceptance is so imperative to a company’s operations. Coupled with the fact that there is little to no capital expenditure required, what we offer is an extremely cost effective way to address the Payment Card Industry Data Security Standards (PCI DSS).”


A main component in Paymetric’s recent growth has come from its recently announced software-as-a-service (SaaS) delivered electronic payment solution, XiPay On-Demand. This solution 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


“Our continued success is proof that our solutions carry a pedigree.

Companies know we provide real value to our customers,” said Asif Ramji, executive vice president and general manager of Integrated Payment Solutions, Paymetric. “Enterprises that successfully implement our XiPay and XiSecure solutions reduce the scope of costly PCI compliance audits while keeping sensitive cardholder data more contained and secure. And we install, maintain and update it all for them. Compare that with utilizing risk-prone on-premise payment solutions and the feedback we receive is that it’s truly a ‘no-brainer.’”


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.



For Paymetric Inc.Carrie Crabill, 404-214-0722 ext 102 ccrabill@trevelinokeller.com : mailto:ccrabill@trevelinokeller.com