January 22, 2014
XiVerify enables companies to extend their fraud management program with reduced risk of data exposure while maintaining PCI compliance
Atlanta – January 22, 2014 – Paymetric, Inc., the leading provider of integrated and secure enterprise payment management solutions, today announced the company has launched XiVerify™, a fully integrated Fraud Management Solution. For merchants looking to expand their online business while protecting themselves and their customers with a strategic fraud management services provider, Paymetric’s solution offers a securely integrated solution that maintains PCI compliance.
Asif Ramji, Paymetric’s president and CEO, says, “We continue to lead the industry with innovative solutions that enable our clients to run their business more efficiently. XiVerify delivers a fully integrated fraud management solution that optimizes the successful authorization of payments within enterprise systems, including mobile and web.”
Paymetric has partnered with industry leading fraud management solution providers to create XiVerify, its new securely integrated offering. Merchants can select the fraud management services provider of their choice and customize the solution to meet their specific needs, while Paymetric promotes a secure environment by removing all credit card data from the merchant environment.
“With exponential growth of ecommerce transactions comes a corresponding rise in fraudulent transactions. Online payment fraud costs businesses billions of dollars each year, not just in fraud loss, but in administrative overhead as well,” explains Cameron Balash, SVP of sales and business development, Paymetric. “Through the seamless integration between Paymetric’s XiSecure and XiVerify solutions, merchants everywhere can accept more good orders and grow their business faster, all while keeping card data secure and maintaining PCI compliance.”
XiSecure™ On-Demand For Cardholder Data, Paymetric’s tokenization solution, offers companies the opportunity to eliminate the transmission and storage of sensitive cardholder data, which radically improves data security while minimizing the scope, effort and financial burden of PCI compliance. Merchants no longer transmit or store credit card numbers, yet can continue to conduct business as usual with “tokens” that span the entirety of the customer relationship. With no credit card numbers to be compromised, merchants are less exposed to a credit card security breach.
Ultimately, XiVerify enables merchants to:
- Extend fraud protection without exposing raw credit card data to the merchant environment
- Maximize revenues through improved detection rates and fewer chargebacks and false positives
- Simplify all processes and procedures for preventing fraud
- Drive down administrative, personnel and IT costs associated with fraud management
To learn more about XiVerify, visit https://www.paymetric.com/solutions/xi-verify/
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 a recognized industry leader and is a three-time award-winning SAP partner. The company has also been awarded for its innovation and growth by Red Herring, Inc. Magazine, Atlanta Business Chronicle and the Technology Association of Georgia. Visit www.paymetric.com for additional information.