Paymetric Deploys Secure Mobile Payments

PRESS RELEASE

Atlanta – May 15, 2012 –Paymetric Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, announced today it has partnered with Velocitor Solutions, a software solutions firm specializing in mobile and wireless applications, to offer merchants with mobile sales forces, a solution to secure payment transactions from their mobile devices. The solution leverages Paymetric’s Data Intercept technology to tokenize payment card data that is captured by field sales representatives using Velocitor’s V.Mobile solution.

“Accepting payments from a mobile device and opening a new channel of commerce is quickly becoming a key component of our customer’s sales strategy,” stated Asif Ramji, president & CEO of Paymetric. “Our Data Intercept solution captures credit card information as early in the workflow as possible. And it’s our ongoing mission to offer our customers with solutions that align with their business strategy.” Data Intercept for Mobile tokenizes cardholder data directly from the Velocitor V.Mobile solution and ensures that cardholder data never enters the merchant’s back-end systems or applications. Instead, merchants only store tokens, drastically reducing their PCI DSS footprint and increasing data security.

“We pride ourselves on providing customers with the tools they need to create a tokenization layer around their Enterprise; being able to deliver a solution that extends to mobile provides tremendous value both in terms of PCI mitigation and data security,” says Cameron Balash, senior vice president, sales and business development at Paymetric. “We are excited to partner with such a proven player in the mobile space to deliver this cutting-edge solution.”

V.Mobile enables Field Service companies to maximize revenue, create a more efficient way to deploy their service force, and lower operating costs. The application resides on a mobile device and features mobile dispatch, DOT compliant vehicle inspection and mileage reporting, real-time inventory management, turn-by-turn directions, Automatic Vehicle Location (AVL), service history, scheduling and payment processing. The solution can be highly customized and gives organizations the necessary tools to remain competitive while controlling costs and providing better customer service.

“Velocitor’s history in the mobile solutions industry combined with Paymetric’s knowledge of payment card security makes us a great match for delivering a solution for processing transactions securely via mobile devices to the market,” says Shawn Flemming, chief operating officer of Velocitor Solutions. “In the wake of recent high-profile breaches, there is increasing attention being paid to improving data security amongst our clients. Data Intercept for Mobile allows us to add value to our V.Mobile field service solution and ensures we are providing an offering that fits with the direction of our client’s business, while giving them additional piece of mind.”

Paymetric is unveiling Data Intercept for Mobile at SAP®’s SAPPHIRE NOW show and ASUG’s Annual Conference in Orlando, FL. Visit the company’s booth, #2709, to learn more.

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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 a recognized industry leader and is a three-time award-winning SAP certified partner. The company is also included on the Technology Association of Georgia’s Top 40 companies list. Visit www.paymetric.com for additional information.