Top 20 Payment and Card Solution Companies - 2021

The payment sector is changing, and the ongoing pandemic has only catalyzed its acceleration. With the emergence of the new normal, card technology is going through advancements to facilitate seamless transactions in line with the regulations. Not only banking organizations, but also retailers and other stakeholders are trying to harness the power of contactless cards and mobile-based payments to steer ahead of their competition in terms of customer experience.

The emergence of biometric cards is paving the way for the symbiosis of chip technology and fingerprint authentication to verify cardholder’s identity for in-store purchases without having to go through the more elaborate security approaches existing today. In some case, face recognition technology is also gaining prevalence for secure contactless purchases through apps or online wallets.

Tokenization and dynamic card verification value (CVV) are also making a mark in the payment arena. With tokenization, banks are turning account numbers into unique tokens to prevent identification fraud. These tokens can be used for secure e-commerce or contactless transactions through smartphones. And dynamic CVV is indeed an improvement over the traditional approach. Instead of the static three-digit CVV, cards are being integrated with electronic display screen able to generate new CVV numbers periodically. In the face of such technological revolutions taking place in the payment sector, all stakeholders need to get onboard the change train to reach the helm of success.

To assist banking organizations in the task of finding accomplished payment and card solution providers, we have compiled this issue of CIOReview. It is elaborately crafted to assist you in fostering productive partnerships and improving performance. In this edition, we have listed the 20 most promising payment and card solution providers to highlight those making significant contributions to the payment sector. Equipped with innovative technological capabilities, these companies are set to transform the financial transaction landscape. This edition also blends through thought leadership from subject-matter experts, CIOs, and CXOs, with real-life stories on how the solution providers have enhanced the capabilities of their clients. We hope this issue of CIOReview helps you build the partnership you and your organization need to foster a workspace driven by robust and efficient technology.

We present to you CIOReview’s “20 Most Promising Payment and Card Solutions Providers - 2021.”

TOP VENDORS

Payment and Card Solutions Companies

Franchise Payments Network

Florida-based Franchise Payments Network (FPN) delivers innovative electronic payment solutions exclusively for the franchise industry. FPN works with over 190 franchise systems, both nationwide and internationally, and provides franchisers with the flexibility to customize solutions according to the needs of their franchisees. The company offers the franchise industry a broad range of services, from payment processing, mobile solutions, and cloud-based POS systems to loyalty programs. FPN works with franchisors to assist them in deploying touchless payment technology, be it a mobile device for curbside payments and delivery of products or sending email or text invoices

nCourt

nCourt is a leading independent payment solution provider that has been focusing on developing robust payment solutions with an intention to improve the engagement between citizens and the government. The company provides a SaaS, value-added, non-integrated, stand-alone solutions that helps court systems and other government agencies increase the efficiency of their revenue collection and enhance citizen engagement. Clients can use this innovative solution to transition their onsite collection needs into a virtual and automated collection workflow, eliminating the need for conventional cash payment modes

New West Technologies

New West Technologies provides point of sale and mobility solutions for retailers, including Microsoft Dynamics 365 for Retail, Commerce, Finance & Operations, Retail Management Hero (RMH) Microsoft Dynamics Retail Management System (RMS), and Modern Suite software solutions, as well as payment integrations and networking infrastructure solutions. Partnering with many of the industry’s leading software providers, distributors, and VARs the company ensures that the systems it designs and supports will serve its customers’ needs for the long term. New West develops solutions that are flexible, user-friendly, and make use of the latest in hardware, wireless, cloud-based, mobile, and network technology solutions

Total Pay Solutions

A Texas-based credit card processing firm, Total Pay delivers a fully integrated, one-stop payment solution that is easy-to-use, stable, and affordable by merchants of all sizes. The firm leverages more than a century of collective experience in the electronic payments business to offer everything from electronic invoicing to eCommerce solutions that make processing credit cards effortless, fast, and frictionless yet safe with its PCI-compliant proprietary platform. For over 18 years now, Total Pay has helped numerous agents, merchants, financial institutions, and their customers securely capture new sales in the ever-changing marketplace

Versapay

Versapay is a market-leading accounts receivable automation and integrated payments company that delivers state-of-the-art invoicing, automation, and payments solutions to help businesses streamline their AR operations. Their robust, customer-centric, collaborative AR platform helps clients drive digital payment adoption, lower processing costs, speed up payment cycles and protect sensitive customer data. Versapay’s AR platform provides a collaborative network for organizations to ensure a superior customer experience by offering a powerful yet easy-to-use self-service portal

AffiniPay

By understanding the unique needs of different verticals, AffiniPay, a financial technology company offers payment processing capabilities that seamlessly work within their existing business workflows and practices. The company’s industry-specific online payment solutions are designed for the legal, accounting, medical, and association industries. AffiniPay enables professionals to offer a seamless experience to their end customers, allowing them to make payments through an easy-to-use platform. AffiniPay also extends support for multiple payment methods such as credit cards, debit cards, and eChecks securely with one-click payment processing, advanced fraud detection, and robust security

BillGO

BillGO's award-winning real-time bill management and payments platform facilities financial well-being by providing an easier way to manage and pay bills. By combining the power of speed, choice and intelligence, BillGO empowers consumers and the financial institutions, fintechs and billers that serve them. riven by the core belief that everyone deserves access to a healthy financial future, BillGO’s award-winning real-time bill management and payments platform transforms the dreaded necessity of managing and paying bills into an opportunity for financial well-being. Used by over 30 million consumers and thousands of financial institutions, Fintechs and billers, BillGO combines speed, choice and intelligence with simple integration to change the way people make and receive bill payments. BillGO's real-time bill pay platform and network of networks harnesses the power of speed, choice and intelligence to innovate at the speed of today’s digital customer

BlueSnap

BlueSnap is a global payments company that looks at eCommerce a little differently. The company is a payment experts, veteran developers, technologists, and business professionals who are globally minded, customer focused, and constantly driven to find a better way. BlueSnap provides an All-in-One Payment Platform designed to increase sales and reduce costs for B2B and B2C businesses around the world. The Platform supports integrated payments, online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal. With a single integration to our Platform, businesses can accept any payment with ease. The Platform includes access to over 110 global payment types, including popular eWallets, built-in world-class fraud prevention to protect sales and detailed analytics to help businesses grow. With a US headquarters in Waltham, MA, and EU headquarters in Dublin, Ireland, BlueSnap is backed by world-class private equity investors including Great Hill Partners and Parthenon Capital Partners

EVO Payments

EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment technology and services provider. The company offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across the globe. With nearly 30 years of payments expertise, EVO supports all major card types in the markets it serves

FLEETCOR TECHNOLOGIES, INC

Success as a global leader in business payments is never a one-person job. It’s the result of a dedicated team working towards a common goal. Our core values define our company culture and guide us in how we run the business