Client Success Story VERA BRADLEYHow a quest for B2B online payment processing became a new pattern for stronger relationships with retailers and consumers

Location: Fort Wayne, IN Industry: Luggage and Apparel Employees: 2,700

Evolving from a home-based luggage design business to a global name in women’s fashion, Vera Bradley now does a brisk wholesale business with more than 3,000 retailers of all sizes, from specialty shops to large department stores.

To sustain this growth, Vera Bradley needed to make invoice payments more convenient and flexible for retailers and less time-consuming for its accounts receivables staff. At the same time, it needed to keep retailer payment data secure, in full compliance with the policies of the Payment Card Industry Data Security Standard (PCI DSS).

In an effort to minimize the expense and effort of PCI-DSS compliance, the company wanted to keep all raw credit card data out of its backend systems. It was this quest that led Vera Bradley to Paymetric. Vera Bradley had heard about Paymetric’s payment processing solutions from other well-known brands such as Under Armour, Burton Snowboards, and Fossil.

“We selected Paymetric because we knew them well from our relationships with other companies in the AFS community. Paymetric is certainly a leader in this space.” - Vera Bradley Spokesperson

Paymetric partner springs to the challengeTo turn its B2B eCommerce vision into reality, Vera Bradley enlisted the help of Paymetric partner CNBS. CNBS’s Web AR solution uses the Paymetric XiPay® service to enable retailers or Vera Bradley staff to make secure credit card payments, either through the website from a desktop or iPad.

Weaving Secure Convenience into the Fabric of B2B Business

Why Paymetric ■ PCI-compliant payment solution

would reduce risk■ Proven integration with ERP and

extension functionality■ Ability to keep raw card data out

About Vera Bradley

Vera Bradley is a leading designer of women’s handbags, luggage and travel items, fashion and home accessories and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand’s innovative designs, iconic patterns and brilliant colors continue to inspire and connect women unlike any other brand in the global marketplace. The Company’s commitment to bringing more beauty into women’s lives includes its dedication to breast cancer research through the Vera Bradley Foundation for Breast Cancer. For more information about Vera Bradley (Nasdaq: VRA), visit www.verabradley.com/mediaroom

of the ERP and eCommercesystems, excluding them from aPCI audit

Client Success Story

About PaymetricPaymetric, Inc. is the standard in secure, integrated payments. Our innovative payment acceptance solutions expedite and secure the order-to-cash process, improve ePayment acceptance rates, and reduce the scope and financial burden of PCI compliance. Leading global brands rely on Paymetric for the only fully integrated, processor agnostic tokenization solution, supported by dedicated customer service. Paymetric is a nationally award-winning industry leader recognized for continual innovation, and world-class support since 1998. For more information, visit paymetric.com.

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VERA BRADLEYHow a quest for B2B online payment processing became a new pattern for stronger relationships with retailers and consumers

To address the need for more efficient PCI DSS compliance, Web AR uses the Paymetric XiSecure® service to tokenize the raw card data and XiIntercept™ to prevent the data from entering the company’s back-end systems. Taken together, these steps significantly reduce the scope of a PCI audit.

Retailers can now sign into their accounts on the Vera Bradley website using an iPad or desktop at their convenience, review open invoices, select which invoices to pay, and decide how much of each invoice they will pay. If they choose to call in their payments, a Vera Bradley associate logs into SAP and completes the same process.

The more retailers use the online self-pay system, the less Vera Bradley will have to spend on collection, including staff time and invoice printing and mailing costs. So far, more than 1,500 retailers are on board, exceeding the adoption goal of 40 percent.

CNBS also leveraged Paymetric services to provide an automated AR process, which Vera Bradley utilizes for select customers. On the 10th of the month, Auto AR automatically applies charges to these customers’ credit cards for any open and due invoices. The Vera Bradley Team stated, “Previously, we had an accounts receivables person spending hours a month doing those transactions one at a time outside SAP then going and doing the process inside SAP."

Convenience catches onVera Bradley also wants to use the Paymetric services to streamline online order placement on the company’s B2C eCommerce site. As with the B2B applications, XiPay and XiSecure will automate and secure the payments consumers make when they place orders on verabradley.com. This time, XiIntercept for eCommerce will prevent the much higher volumes of raw card data from reaching Vera Bradley’s eCommerce server.

The Vera Bradley Spokesperson reflects on how far the team has come. “The automation of our monthly processing of credit card payments has been a huge time savings, as has the ability to streamline the processing of orders via customer service. It’s been a fantastic step forward for us and has empowered not only our retail partners, but also our employees, to do a lot more.”

“We quickly selected Paymetric as our partner, because we knew them well from our relationships with other companies in the SAP AFS community. Paymetric is certainly an SAP leader in this space.”– Vera Bradley Spokesperson