Paymetric XiBuy™ is selected by Lockheed Martin to Streamline Enterprise-Wide Purchasing Card Program in SAP

HOUSTON, April 3, 2007 – Paymetric, a leading innovator of electronic payment solutions, announced today that Lockheed Martin has selected XiBuy™ as its enterprise procure-to-pay solution for purchasing card transactions in order to streamline purchasing processes within SAP and achieve greater efficiency and control over their purchasing card (p-card) program.

XiBuy is a certified SAP add-on product which embeds purchasing card transaction management and accounting directly in SAP, leveraging SAP user management, controls, security and business processes.

“We are delighted to work with Lockheed Martin to dramatically extend their p-card program and address their procure-to-pay requirements,” stated Steven Putney, Paymetric President. “XiBuy’s robust functionality is ideally suited for any organization seeking to improve productivity, enhance working capital and reduce costs by eliminating the redundancy that occurs when p-cards are managed outside of the SAP enterprise.”

About Paymetric, Inc.
Paymetric, Inc. provides software applications that manage and protect payment card transactions in complex payment environments enabling companies to improve return on card acceptance, expand purchasing card programs and comply with data security standards. Paymetric is an Austin Ventures portfolio company, an award-winning SAP Software Partner and an SAP Pinnacle award recipient. Paymetric is an Austin Ventures portfolio company and an award-winning SAP partner. Visit www.paymetric.com for additional information.

Contact
Tim Girgenti, VP Marketing, 713.895.2000, tgirgenti@paymetric.com.