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PAYMETRIC ANNOUNCES 2009 WAS RECORD YEAR FOR COMPANY SALES 

With Rising Interest in Tokenization, Company on Path to Continue Growth Surge in 2010

Atlanta, GA – February 12, 2010 – Paymetric Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, today announced 2009 was a year of record sales for the company. During the latter half of the year, Paymetric added a myriad of new world-class brands to the company’s customer portfolio. The signed contract value in the fourth quarter 2009 increased 73% over the same period year-over-year.

Paymetric’s growth can largely be attributed to merchants’ growing security needs in protecting cardholder data. According to Databreaches.net, 2009 was the year of the “Mega Data Breach.” The number of personal records that were exposed — data like Social Security numbers, medical records and credit card information tied to an individual — that hackers gained access to sky-rocketed to 220 million records in 2009, compared with 35 million in 2008. At the same time, the average cost per compromised customer record rose to $204 in 2009 from $202 in 2008, according to Ponemon Institute LLC (2009 Annual Study: Cost of a Data Breach).

Paymetric’s XiPay On-Demand and XiSecure On-Demand solutions enable companies to manage, accept and integrate virtually every type of electronic payment in any enterprise system in an extremely secure, cost effective way utilizing Software-as-a-Service (SaaS) delivery and tokenization technology, respectively. As recent research from industry analyst firm Aberdeen Group attests, “the use of tokenization is strongly correlated with the achievement of Best-in-Class results.” (Avoiding a Kick to the Head: The Value of Tokenization for Protecting Cardholder Data, February 2010) Ultimately, Paymetric’s solutions lower 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

-more-

“Our momentum throughout 2009 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. And the growth will continue. The market opportunity for tokenization solutions is extremely strong at more than 50% implied growth, according to the Aberdeen report.  Coupled with the fact that there is little to no capital expenditure required, what we offer is financially, technologically and operationally compelling.”

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.