Sotheby’s, the world’s largest publicly traded auctioneer of fine arts, held its first auction in 1744 in London, England. Today, Sotheby’s has grown to 100 offices around the world. Its brand is synonymous with art, sophisticated taste and luxury. To enhance its venerable presence in the world of upscale shopping, Sotheby’s needed to expand the capabilities of its virtual auction catalogs, including eCommerce purchasing and payment options. Sotheby’s outdated credit card processing system no longer met the company’s needs—it lacked scalability, posed maintenance problems, did not meet the latest security standards and was increasingly costly and time consuming to maintain. Sotheby’s wanted a long-term, flexible solution for its eCommerce platform that worked with its ERP system. The new solution had to minimize capital expenses, internal IT resources and maintenance. It also had to comply with industry security standards (PCI DSS) and provide an integrated interface with merchant accounts and an ERP-hosted landscape. Paymetric was able to consolidate credit card processing requests through a single interface, linking Sotheby’s to clearing houses for credit card processing. Results display directly in their ERP system and payments get authorized in real- time. Why Paymetric § Unmatched ERP and payment integration expertise § Best-in-class tokenization solution § Superior customer service Benefits § Increased profitability § Ability to process payment cards directly within ERP system § Flexibility to accommodate new banking provider and processor § Reduced PCI DSS compliance cost and risk § Scalability to easily support extension of ERP database Paymetric Solutions SOTHEBY’S How Paymetric integrated payment processing through one platform, cutting costs for this premier auction house and improving their customer experience Location: New York, NY Industry: Retail Products and Services: World’s largest publicly traded arts auction house Client Success Story Elevating Commerce § XiPay®:Integrated enterprise payment acceptance § XiSecure®: Proprietary tokenization § XiIntercept®: Prevent cardholder data from entering internal systems