Paymetric Releases XiPAYNETTM,
On-Demand Credit Card Acceptance for Enterprise Systems
HOUSTON, October 3, 2007 - Paymetric, Inc., a leading provider of innovative payment card software, announced today the release of XiPayNetTM, an on-demand web-based service for accepting, managing and integrating credit card transactions in enterprise resource planning systems, such as SAP.
By capitalizing on the global power of the Internet, XiPayNet delivers a fast and cost-efficient service for companies seeking to integrate and streamline payment card acceptance into their enterprise systems and business processes. XiPayNet manages the payment card acceptance workflow - from payment origination, to card authorization, to transaction settlement - all without additional hardware, installation of software, or costly maintenance. XiPayNet provides interfaces for multiple credit card processing institutions and most enterprise applications, including a certified SAP interface.
"Today, more companies are seeking on-demand services rather than on-premise applications to minimize their IT operating costs," notes Ariel Mendiola, Paymetric Co-Founder and VP of Strategic Programs. "XiPayNet reduces most of the costs and risks associated with typical on-premise card acceptance solutions, while delivering complete security and best-in-class functionality. For our customers, this is a win-win scenario."
As a fully integrated solution, XiPayNet provides a single, on-demand platform for aggregating credit card payments across multiple payment origination systems, such as SAP, order-entry systems, CRM applications, and Web stores, enabling companies to dramatically reduce the cost of card acceptance. XiPayNet enables secure payments to flow directly from an organization's on-premise enterprise system, through the secure XiPayNet service at Paymetric's PCI-certified data center, to a multitude of card processors or banks.
In addition, XiPayNet delivers the following advantages as compared to an on-premise solution:
- Faster Time-to-Value by accelerating the deployment of an integrated card acceptance solution
- Lower Start-Up Costs by eliminating hardware purchase and software installation
- Lower Operating Costs by eliminating the on-going operational costs of maintaining a secure, reliable environment for sensitive payment data
- Less Up-Front Risk by using a pay-as-you-go model instead of an up-front licensing investment
- Lower Compliance Costs by reducing the scope of PCI compliance with an offsite payment application
"As more organizations embrace software-as-a-service as a viable, cost-effective delivery model, we see this as a tremendous opportunity to continue the expansion of our award-wining payment card solutions to a wider audience," adds Ty Miller, CEO of Paymetric. "XiPayNet capitalizes on the growing market for payment integration and introduces a low cost, quick to install, and easy-to-use solution for card acceptance."
Companies interested in accepting, managing and integrating credit card transactions in their enterprise systems will be well served by XiPayNet's online, on-demand approach. For more information about XiPayNet, visit Paymetric at www.xipaynet.com.
About Paymetric:
Paymetric, Inc. provides innovative software for managing, protecting and integrating payment card transactions in enterprise systems, enabling companies to improve return on card acceptance, optimize purchasing card programs and reduce barriers to data security compliance. Paymetric is an Austin Ventures portfolio company and an award-winning SAP Software Partner. Visit www.paymetric.com for additional information.
###
CONTACT: Tim Girgenti 713-895-2102 tgirgenti@paymetric.com
