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Artificial Intelligence Authors: Zakia Bouachraoui, Liz McMillan, Yeshim Deniz, Elizabeth White, William Schmarzo

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Paymetric Partners with Support One to Help Build Business for VARs

Paymetric Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, today announced the company has partnered with Support One, the only SAP®-endorsed Business One VAR, to support the Paymetric automated credit card processing solution. This partnership will deliver an affordable electronic payment processing “out-of-the-box” answer for SAP Business One users and provide an additional revenue stream for VARs selling the service under a shared revenue plan.

With Support One in the role of master reseller of the Paymetric solution, now VARs can offer their customers the ability to completely remove the cost barrier to accept electronic payments within the Business One 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, increasing the possibility of falling out of Payment Card Industry (PCI) compliance.

"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 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 as well as the big guys . . . directly from their SAP systems.”

To help merchants navigate the complex PCI compliance requirements, the Paymetric/Support One offering comes with an embedded tokenization solution. This next-generation security helps businesses reduce cost and scope of complying with PCI rules 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, Support One.The shared revenue plan is a strong package that ensures our partners get recurring revenue.”

EDITORS’ NOTE: Paymetric will be onsite at the SAP Business One Software Solution Provider Networking Reception at the SAP Partner Kick-off Meeting in Las Vegas, 4:30 – 6:30 PM on March 1.

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. For additional information visit www.paymetric.com, follow us on twitter at twitter.com/Paymetric or visit our Facebook page at www.Facebook.com/Paymetric.

ABOUT SUPPORT ONE

Support One provides support for SAP Business One and related solutions.

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