PAYMETRIC PARTNERS WITH SUPPORT ONE TO HELP BUILD BUSINESS FOR VARs
Integrated Electronic Payment Processing Solution for SAP Business One Users offers VARs Lucrative Recurring Revenue Opportunity and Tighter Payment Security for SMEs
ATLANTA, GA – FEBRUARY 1, 2010 - Paymetric Inc., the leading provider of enterprise payment acceptance solutions, today announced the selection of SAP© partner, Support One, as the master-reseller and support provider for XiPay™ On-Demand, the Paymetric automated credit card processing solution built specifically for SAP© Business One. This partnership delivers affordable and simple-to-use electronic payment processing for SAP© Business One (SBO) users and provides a significant recurring revenue stream for VARs selling the service under a shared revenue plan.
With Support One providing Paymetric-branded support and implementation for this new, advanced electronic payment processing solution, SBO VARs can focus on offering their customers a truly cost-effective, fully-modernized, and seamlessly integrated system. Small-to-midsized businesses no longer need to use multiple, disparate systems to process payments, which can introduce the risk of entry errors and internal theft. In addition, the solution makes it easier and more affordable for SAP© Business One customers to comply with the Payment Card Industry Data Security Standards (PCI DSS). The acceptance of electronic payments now can happen quickly and securely, directly within the SAP© Business One system!
"We are excited to partner with Support One to offer this option to VARs and their merchants,” said Larry Wine, CEO, Paymetric. “There has been overwhelming demand for secure integrated payment processing capabilities but traditionally, cost has been a large barrier. Now, with Paymetric’s SaaS model, small businesses can affordably process electronic payments just like the big guys . . . directly from their SAP systems.”
To help merchants navigate the complex PCI DSS compliance requirements, the Paymetric service comes with an embedded tokenization solution. This next-generation security technology helps businesses reduce cost and scope of complying with the PCI DSS while keeping their customers’ information secure. In addition, the integrated credit card processing solution enables SAP Business One users to manage, accept and integrate virtually every type of electronic payment. In short, VARs now are able to offer their merchant customers the following benefits:
- Reduced installation, billing, collection, IT and administrative costs
- Reduced customer attrition costs
- Reduced interchange fees
- Reduced cost of PCI compliance
- Reduced total cost of ownership of payment acceptance
“We are excited to have a dedicated infrastructure to support Paymetric’s offerings and extend that offering to other VARs. We knew we needed to offer the channel a PCI compliance-focused security option. With this partnership, we can do that, give them peace of mind, and also offer new revenue opportunities to VARs,” says Jason Sproles, President of Support One. “The shared revenue plan is a
strong package that ensures our partners get recurring revenue.”
Support One will offer “Paymetric-branded” support for all SAP Business One users.
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.
ABOUT SUPPORT ONE Support One provides support for SAP Business One and related solutions.
For more information contact: Carrie Crabill
Direct: 404-214-0722 ext 102
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