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Press Releases

Paymetric Forms Alliance with CyberSource to Deliver Superior Enterprise Integration of Payment Card Transactions

Houston, March 9, 2006 – Paymetric™, Inc., the leading provider of ERP-integrated payment card solutions, has formed a strategic alliance with CyberSource Corporation (NASDAQ: CYBS), a leading provider of electronic payment and risk management solutions. The alliance delivers significant benefits for Paymetric customers searching for an Internet-based payment gateway and/or card processor and for CyberSource customers needing an ERP-integrated card processing solution.

The partnership further extends Paymetric’s leadership in solving global, complex business problems. Paymetric’s XiPay™ Solution Suite delivers proven, world-class ERP-integrated card acceptance for the Global 1000. XiPay™ boasts relationships and enabling technologies with multiple domestic and international card processors. XiPay’s CyberSource Cartridge will support multi-currency processing, alternative payment methods, and enhanced data/line item capabilities. Paymetric and CyberSource users will gain:

  • Increased cost savings – realized through streamlined card acceptance and world-class integration across the ERP, web stores and legacy systems
  • Improved risk management – delivered by XiPay’s advanced data model, which extends financial control and supports corporate compliance initiatives
  • Expanded revenue opportunities– obtained through an expanded geographic and customer acquisition channel that includes international markets and currencies
  • Increased customer satisfaction and profitability – achieved by providing valuable Level II and Level III line item data to buyers


“We are delighted to elevate our longstanding relationship with CyberSource to give our joint customers unparalleled service and support for their enterprise payment card integration needs,” said Kathleen Nugent, Vice President of Business Development for Paymetric. “Our experience in integrating payment cards within large, complex enterprises, combined with our delivery of value-add products and services to a growing client base, enables us to successfully address the integration requirements of CyberSource’s premier customers.”


About Paymetric, Inc.

Paymetric, Inc. provides financial supply automation solutions for credit card and payment card transactions, enabling organizations to integrate buying and selling functions into their ERP-enabled business operations. For businesses accepting cards, Paymetric seamlessly integrates card transactions across the enterprise and through financial institutions to enhance cash flow, reduce days outstanding and increase compliance with processors. For organizations with purchasing card programs, Paymetric integrates card activity into the procure-to-pay process for greater expense control, increased financial visibility, and consolidated procurement records. An Austin Ventures portfolio company, Paymetric is an award-winning SAP partner and a certified SAP developer. Visit www.paymetric.com for additional information.


Contact

Christina Chau, Marketing Director, 713.895.2000, cchau@paymetric.com


Paymetric Corporate Brochure

Secure ERP Payment Acceptance Solutions

An Introduction to On-Demand Electronic Payment Processing

A Receivables Management Solution Option

Outsourcing Payment Security

How outsourcing security technology is changing the face of electronic payment acceptance practices.

Pioneer Electronics

How Paymetric helped Pioneer Electronics maximize security, minimize risk and reduce SAP downtime to maintain compliance