Company Overview

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Founded:
1998
Headquarters:
Alpharetta, GA
Funding:
$30.5M
Categories:
Security
Description:
The leading provider of integrated and secure enterprise payment acceptance solutions

Detailed Description

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Paymetric, Inc. is the global leader in integrated and secure payment processing and tokenization . Paymetric’s end-to-end solution combines proven expertise in payment processes with best-in-class ERP integration solutions to improve return on ePayment card acceptance, reduce barriers and scope of PCI compliance, and lower the total cost of ownership for payment processing. We are an award-winning SAP-certified partner with a customer list that includes many of the most recognized and respected businesses in the world. Paymetric is dedicated to solving our customers’ unique and complex enterprise payment processing challenges with the market’s most complete and robust solutions and supported by world class customer service. 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 work flows 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, 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. This 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 three times been the recipient of SAP’s Pinnacle Award (2002, 2008, 2009) for contributions to Enterprise Services, and has been repeatedly recognized for our organizational growth and technical developments.

Current Team (11)

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Past Team (5)

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Funding Rounds (6) - $30.5M

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Board Members and Advisors (2)

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Products (3)

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  • Ptz52mfzgukuvuksary2

    PCMATM

    IMPROVE CREDIT CARD ACCEPTANCE FUNCTIONALITY IN SAP PCMATM is a payment card management and...
  • Fy2vbvjpihvccrk4hfet

    XiSecure

    XiSecure was added to CrunchBase in 2009
  • Ogepbpjuinosjrddqkxp

    XiPay

    XiPay was added to CrunchBase in 2009

Investors (4)

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  • F6019725095b2a84f8fe929ae4a9f619

    Francisco Partners

    With $7 billion of capital under management, Francisco Partners is one of the world’s largest...
  • Bf1be8d6ca5356199fafb3811b8ae9ae

    Asif Ramji

    President & CEO @ Paymetric
  • Cb5d81146ea6c815e61a4552a25c33f4

    Austin Ventures

    Austin Ventures is a venture capital firm investing in early stage and middle market companies.
  • E839af70dfdfdcd347b545dbe5a558b0

    Palomar Ventures

    Palomar Ventures was launched in 1999 by veteran venture capitalists to focus on early stage...

Offices/Locations (3)

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  • Branch office

    610 W. 5th Street

    Suite 603

    Austin, 78701

  • Headquarters

    1225 Northmeadow Parkway

    Suite 110

    Roswell, 30076

  • Corporate Headquarters

    11175 Cicero Drive

    Building 200, Suite 175

    Alpharetta, GA 30022

    USA