Paymetric names Steven M. Putney as President and CEO

Houston, July 12, 2004 – Paymetric, Inc. announced today that Steven M. Putney has joined the company as President and CEO. Mr. Putney’s experience and prominence in the payment card industry will further solidify Paymetric as the premier provider of Enterprise Payment Solutions.

“Steve Putney’s unique background in banking, technology, and sales, is the perfect combination to lead Paymetric to the next level,” states Brett Walker, CTO and Co-Founder. “His proven 20 year track record in banking and software ensures Paymetric is well positioned to prosper in the coming quarters and years.”

Prior to joining Paymetric, Mr. Putney was Senior Vice President of Commercial Card Services at Bank One. While at Bank One he led the business development efforts that increased the business size from $4 billion to $8 billion in less than three (3) years.

"Steve has a record of delivering profitable revenue growth through new business models, targeted go-to-market strategies, and strategic acquisitions," states Ariel Mendiola, COO and Co-Founder. "He's an exceptional leader with the right mix of original thinking, problem-solving abilities, leadership skills, and energy to help Paymetric capitalize on the growing opportunities in the Enterprise Payment software marketplace"

Mr. Putney previously held the position of Executive Vice President and General Manager at PaySys International. PaySys was a leading international provider of software applications for the credit card industry, and was acquired by First Data Corporation in 2001. Mr. Putney’s additional career highlights include executive positions with US Bancorp, EDS, and Citibank.

About Paymetric, Inc.
"Paymetric solutions help transform our customers’ payment processing into an enabling part of their business strategy. By integrating payment card workflows with their native SAP sales, procurement, and accounting operations, our customers are able to reduce their cost structure, mitigate financial risk, improve cash flow, and expand revenue opportunities," commented Steve Putney, President and CEO of Paymetric. “But the factor that has created such powerful customer loyalty is absolute commitment to our customers’ success. We know that each customer contract marks the point at which we have only begun to earn their business.”

Contact
www.paymetric.com, info@paymetric.com, (713) 895-2000