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Larry c. wine named chief executive officer at Paymetric, inc.

 

HOUSTON, February 20, 2008 - Paymetric, Inc., a leading provider of innovative payment card solutions, announced that Larry C. Wine has been named Chief Executive Officer, effective Monday, February 25. Wine brings more than 14 years experience as an electronic payments industry executive.

"We are excited to add Larry's executive management leadership and broad experience within financial and electronic payments industries," said Ty Miller, Chairman of the Board. "Paymetric is entering an exciting phase of growth, with the continued momentum of our flagship solutions and new opportunities arising from our new products released last fall."

Paymetric provides innovative software for managing, protecting, and integrating payment card transactions in enterprise applications, most notably SAP. Paymetric combines proven expertise in ERP payment processes with powerful software and services to improve return on card acceptance, optimize purchasing card programs, and reduce barriers to compliance.

"Larry's strong background, with an emphasis on developing distribution partners, is paramount to the company's continued success," said Ariel Mendiola, Paymetric co-founder.  "He brings a market-facing approach that will be of great value to our customers and partners, further cementing Paymetric's position as the leader in our space."

Wine comes to Paymetric from RBS Lynk, where he served as president and CEO. RBS Lynk is a single-source provider of electronic payment processing services and the US payment processing division of the Royal Bank of Scotland Group.

Prior to joining RBS Lynk, Wine was president of Moneris Solutions, a Bank of Montreal-Royal Bank of Canada joint venture, and one of North America's largest electronic transaction processors. In 1999, Wine was a founder of LINK2GOV.com, an electronics payment provider for government, utilities, insurance and health care companies which was sold to Metavante in 2005.  He has also held executive management positions at Union Bank of Florida and JP Morgan Chase.

Wine will succeed acting-CEO Ty Miller, who will continue to serve as Paymetric's Chairman.

For more information about Paymetric, visit the company at www.paymetric.com.

About Paymetric: Paymetric, Inc. provides innovative software for managing, protecting and integrating payment card transactions in enterprise applications, most notably SAP. Paymetric combines proven expertise in ERP payment processes with powerful software and services to improve return on card acceptance, optimize purchasing card programs, and reduce barriers to compliance. Paymetric is an Austin Ventures portfolio company and an award-winning SAP software partner. Visit http://www.paymetric.com/ for addition information.

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CONTACT:        Tim Girgenti       713-895-2102     tgirgenti@paymetric.com