Paymetric was founded by two former SAP employees with the vision of delivering advanced payment solutions for large enterprise customers.
Formed in 1998 in Houston, Texas, Paymetric was driven by a consistent and costly customer problem - enterprise accounting systems are not able to handle electronic payments as part of normal data flows and business processes. Fragmented data and workflows generate slow, costly, and unreliable results from critical business processes. System patches implemented in an attempt to minimize this problem result in added costs, maintenance challenges, and compliance issues.
The vision for a solution that operates as a fully integrated and native component of ERP systems led to the development of XiPay‚Ñ¢, an intelligent transaction processing engine that powers Paymetric's on-demand payment processing solution.
Responding to rising customer concerns with data security and the PCI data security standard, Paymetric developed its own proprietary tokenization capabilities and robust data security features for its electronic payment service. These innovative approach to payment card data protection ultimately reduces the cost and scope of PCI compliance risk.
Today, Paymetric is the acknowledged leader in electronic payment processing for ERP systems. Paymetric has twice been the recipient of SAP's Pinnacle Award (2002, 2008) for contributions to Enterprise Services, and has been repeatedly recognized for our organizational growth and technical developments. – less – More from ZoomInfo »