20 Most Promising Payment and Card Solution Providers - 2019

In a battle to win customers, organizations are continuously revamping the way payments are processed. Firms are leveraging various technologies such as blockchain, artificial intelligence (AI), and big data to improve transactions speed while bolstering data security by detecting frauds. Over the past few years, organizations are replacing existing legacy payments infrastructures with intuitive platforms. Contactless payment is one such method that lets customers wave their smartphones in front of a near field communication (NFC) reader or tap their credit card to make a transaction rather than swiping and inserting cards into point of sale (POS) devices.

Virtual assistants have further expedited simplified payment processes. Today, users are able to speak to Alexa and Cortana and promptly order products from their preferred online retailer. Although these do not yet render complex orders, vendors are working on improving virtual assistants’ skills to handle complicated transactions. In addition, virtual assistants are empowering users to carry out voice-based banking and bill payments. 

However, due to flexibility in performing payments, online frauds are now the new growing hindrance for organizations. Thus, to mitigate such challenges, Machine learning (ML) is playing a crucial role in frictionless payments by assisting companies in identifying fraud and blocking suspicious transactions. This is eliminating the need for a training personnel to review transactions for its authenticity manually. ML along with computer vision technology is also enabling firms to skip checkouts at retail stores while some of the blue-chip companies such as Amazon and Walmart have built automatic transaction systems and eliminated the need of waiting in queues. In addition, technologies like blockchain are further enabling firms to secure transactions by encrypting and validating payments automatically. But, scalability is one of the notable bottlenecks of blockchain, which poses a significant deterrence to mainstream adoption. Absence of requisite domain knowledge has slackened the endorsement of such technology for streamlining the management of transactions. Thus, vendors are developing blockchain-based solutions and providing effective payment services.

Payments’ data is further being used to consolidate various online shopping behavioral data for forecasting future transaction using ML techniques. Such prediction is helping firms to provide targeted ads for their existing as well as potential customers. This has also improved the efficiency of displaying relevant advertisements to users to gain a higher return on marketing investments. The increasing business use cases have led to the growing demand for omnichannel payment processing environment. Case in point, customers can make payment at retail stores and could return products using online services.  

On the same note, this edition presents to you, “20 most promising Payment and Card Solution Providers 2019,” featuring companies who are radically transforming the field of payment space. Over the past few months, a distinguished panel of CEOs, CIOs, VCs and the editorial team of CIOReview have reviewed companies in the machine tool sector and have shortlisted the forerunners who are meeting the challenges of the industry head-on.

We present to you, “20 Most Promising Payment and Card Solution Providers 2019.”

Top Payment and Card Companies

A payment and card solution provider that strives to create secure, high quality, flexible and affordable payment solutions that deliver the highest standards of security in any environment. As evidenced by its capability to create mPOS solutions for 50 different countries with regional specific regulations and mandates, BBPOS has vast knowledge of card acceptance guidelines—whether the card has to be accepted via EMV, NFC or magnetic stripe. With its value propositions being reduced cost of ownership, optimized security and convenience, and best-in-class reliability, BBPOS develops innovative mPOS devices that deliver the highest standards of quality, security, and certification

PayFlex is a payment and card industry third-party benefits administrator founded in 1987 in Omaha, NE. The company has been committed to paving the way for account-based benefits administration through technology and innovation. PayFlex offers a full suite of products designed to help individuals get the greatest benefit from their tax-advantaged accounts in the form of easy and efficient management of their health and wellbeing through a frictionless payment process. The company is proving disruptive with its acknowledgement of payment evolution, industry opportunities and ‘no holding back’ approach of leadership

TRG is an established hardware, software, and solutions provider in the AIDC, POS, and payment processing industries. Based in Westlake, Ohio, TRG provides the most comprehensive suite of products and services across all lifecycle stages and equipment types. From warehouse to register and deployment to retirement, TRG is vendor and solution agnostic, developing tailored solutions that meet each customer’s unique requirements and ultimately increase productivity, extend equipment life and maximize overall ROI. Its product portfolio includes new and refurbished barcode scanners, mobile & tablet computers, printers, POS systems, and related software & accessories. Its service portfolio includes repairs, managed logistics, staging/configuration/deployment, on‐site installation, help desk support, and rentals

vPromos combines the power of payments, card-linking loyalty and promotions, and mobile marketing helps companies easily enroll, engage, know and reward customers, driving repeat visits and new sales. The patented cloud- based suite of vLoyalty solutions for small businesses to very large enterprises, enables quick, easy and convenient loyalty program enrolment at the point-of-purchase, real-time access to historical purchasing data to optimize point-of-sale targeted offers, compliant SMS text messaging engagement to communicate with customers, all with seamless payments integration.vPromos powers loyalty and customer engagement with simplicity and expertise for thousands of North American retail locations

360 Payments

The company is on a mission to remove the stigma of credit card processing by delivering honest and pain-free payments. 360 Payments is focused on merchant service provider located in San Jose. The people behind 360 are passionate about improving the merchant’s experience of accepting electronic payments. The company is at the forefront of offering simplified and affordable payment solutions. 360 Payments does not intend to rest on its laurels. It plans to continue pushing itself to exponential growth year after year, with new product releases and a constant, unwavering focus on customer satisfaction.

ACI Worldwide

A universal payment company, ACI powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as thousands of leading merchants globally rely on ACI to execute $14 trillion each day in payments and securities. Through their comprehensive suite of software solutions delivered on customers’ premises, they provide real-time, immediate payments capabilities and enable the industry’s most complete omni-channel payments experience.


Apriva is a promising provider of end-to-end wireless transactions, gateway services, and secure information solutions. They are dedicated to develop and deliver wireless payment processing and mobile communication products for businesses and government agencies in North America. The company provides point of sale (POS) solutions that integrate hardware, software, network infrastructure, and management tools; wireless transactions and information messaging solutions that meet security and reliability requirements of financial service providers and public service sectors; and information security systems.

ASF Payment Solutions

ASF is a technology company that provides software, payment processing and customer support to the fitness industry including gyms, health clubs and martial arts studios. By offering integrated software services, as well as flexible payment options ASF gives clients the ability to generate more revenue through member engagement and grow their business. The products, ASF offers for Member Payment and Account Management are Credit Card and ACH Processing, Traditional Billing Options, Full Service Follow Up, Flexible Remit & Draft Dates, Online Account Management for Members and Member Cancellation Management.


Bill.com is a digital business payments company with a network of 3 million members, managing more than $60 billion in payments annually. Making it simple to connect and do business, the Bill.com cloud-based Intelligent Business Payments Platform automates, streamlines, and controls the payments process, saving more than 50 percent of the time typically spent. Bill.com partners with the largest U.S. financial institutions, more than 70 of the top 100 accounting firms, major accounting software providers including NetSuite, Intacct, QuickBooks and Xero, and is the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA).


Billtrust is the pioneer of payment cycle management solutions which take the pain out of payments, helping businesses to accelerate Invoice-to-cash. Their business provides a flexible, automated invoice-to-cash solution that meets diverse buyer requirements and speeds cash application through tailored invoice delivery, secure multi-channel payment enablement, and intelligent matching and payment posting.Billtrust’s comprehensive offerings enables its clients to solidify customer relationships, increase productivity, improve cash flow, and seamlessly migrate to electronic channels. By transitioning to electronic presentment and payment, and using a smart cash application system that learns how customers pay, businesses can reduce the resources needed to process payments and keep customers happier with self-service portals


Divvy is the world’s first free, fully-automated platform that manages company expenses and places budgets at the point of purchase.Divvy automates the entire expense report process, helps companies eliminate fraud and wasteful spending, and manages online subscriptions. After signing up, the business owner and their designated employees receive physical Divvy cards. Divvy cardholders can create online (virtual) cards, set spending and budget controls, and control card activity in Divvy. It helps the company to keep track, all the way down to individuals, in real time

EVO Payments

Evo Payments is among the fully integrated merchant acquirers and payment processors in the world. They are at the forefront of payment technologies that make fast, secure global credit and debit card processing more efficient and cost effective for merchants, ranging from micro-enterprises to multinational companies and financial organizations throughout North America and Europe. EVO simplifies international transacting by expertly navigating its complexities and challenges. They reduce friction, keep down costs, and mitigate risk for many merchants and partners who rely on them for seamless cross-border payments.EVO resources, combined with competitive pricing and exceptional customer support, enable their partners to cultivate more business opportunities for a healthier bottom line


Fattmerchant was established on the basis that merchants deserve better for their work. On the same lines, Fattmerchant brings a unique solution to level the playing field for businesses to achieve improved success, thereby bringing fair, transparent, and simple processing to individuals. The company offers a payment processing experience to business owners through real-time data analytics, transparent subscription pricing, and award-winning customer service, without any hidden fees. Moreover, Fattmerchant offers business owners the lowest cost of interchange for a flat, saving thousands of dollars in their monthly subscription


FLEETCOR is leading the future of commercial payments with its culture of innovation. The company constantly works on creating new and better ways of managing payments for its clients. With a widespread client base, FLEETCOR specializes in payment solutions that help businesses control, simplify, and secure payment around their fuel, general payables, toll and lodging expenses. The company offers superior expense control, convenience, reporting, and security along with payment networks and systems that uniquely designed for each expense category. Lastly, FLEETCOR hires and houses only those employees who have deep knowledge and experience in each unique expense category


Focused on a common goal: to cover more freights and generate more revenue, FreightRover welcomes its clients to the future of freight. The company offers a full suite of products, PayEngine and CarrierHQ, which reach alternative capacity, streamline manual work processes, improve working capital, and increase bottom line revenue. Along with this, FreightRover arms its valuable customers with relevant tools that support them in competing and winning in the new digital logistics marketplace. Additionally, Freight xChange and SmartLTL for dynamic carrier payment processing and LTL rating and execution


HashCash is a global software company. HashCash Blockchain products enable enterprises to move assets & settle payments across borders in real-time for Remittances, Trade Finance, Payment Processing & more. HashCash runs US-based digital asset exchange, PayBito & digital asset payment processor, BillBitcoins. HashCash offers exchange & payment processor software solutions, ICO services & customized use cases. HashCash propels advancement in technology through Blockchain1o1 programs & its investment arm, Satoshi Angels. HashCash offers solutions in AI, Big Data and IoT though its platforms, products & services


InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 500,000 points of retail distribution. Whether those consumers are activating prepaid products, paying bills, enjoying real-time discounts through a membership card, purchasing digital goods in-store or adding funds to an online account, InComm is there to provide unique gift-gifting opportunities, cater to on-the-go shoppers, deliver added value through loyalty programs and serve cash-based consumers. With 366 global patents, InComm is headquartered in Atlanta with a presence in more than 30 countries

Merchant Link

Merchant Link is a leading provider of cloud-based payment gateway and data security solutions, removing the risk and hassle of payments for more than 500,000 hotel, restaurant and retail locations. Founded in 1993 and headquartered in Silver Spring, Md. They currently enable more than 6 billion transactions annually for some of the world's best-known merchants, providing connectivity to the major U.S. payment card processors. Their mission is to develop secure payment solutions that are flexible, customized and evolving to meet merchants’ changing needs without worrying about managing cardholder data

Paysafe Group

Paysafe is a global provider of end-to-end payment solutions. The company's core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Paysafe is recognized as a pioneer of the digital payment gateway industry. Over the years, it has grown into a firm that populates more than 12 global locations, running transaction across 200 payment modes, and in excess of over 40 currencies


PayTrace Inc. empowers sales partners by offering high-value technology solutions to businesses. Processing over $30 billion in the past year, PayTrace is committed to serve merchants with 5-star service while providing comprehensive, easy-to-use payment solutions that lower processing costs through interchange optimization and increased security. PayTrace provides businesses with reliable uptime, authorization, settlement and reporting. PayTrace Inc. empowers sales partners by offering high-value technology solutions to businesses. Processing over $30 billion in the past year, PayTrace is committed to serve merchants with 5-star service while providing comprehensive, easy-to-use payment solutions that lower processing costs through interchange optimization and increased security. PayTrace provides businesses with reliable uptime, authorization, settlement and reporting. ISVs and developers integrate with PayTrace to build secure and powerful extensions to their applications. The company works partners to deliver payment solutions across many industries