Paymetric has announced that it has added Nick Sommerio, chief financial officer and Kevin Ferguson, senior vice president of business development, to the company`s executive management team. Sommerio joins from RBS WorldPay where he was chief financial officer for the past two years. Ferguson was most recently senior vice president and managing director of global field operations for SunGard Banks where he oversaw the product management and market strategy for the retail banking line of business.

Paymetric, a provider of enterprise payment acceptance solutions, has announced an $8 million second round of financing. Palomar Ventures led the round with a $5 million infusion which was complimented by existing investor Austin Ventures’ participation of $3 million. READ MORE »