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 Solution Providers - 2021.”

    Top Payment and Card Solution Companies

  • 1

    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

  • 2

    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

  • 3

    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

  • 4

    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

  • 5

    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

  • 6

    AffiniPay

    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

  • 7

    BillGO

    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

  • 8

    BlueSnap

    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

  • 9

    EVO Payments

    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

  • 10

    FLEETCOR TECHNOLOGIES, INC

    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

  • 11

    Galileo

    Galileo

    Galileo is the API standard for card issuing and digital banking, powering many of the leading global FinTech companies. Galileo powers North America's leading fintechs--including Chime, KOHO, Robinhood, SoFi, Varo and many others--as well as the U.S.-based business of international powerhouses, such as Monzo, Paysafe, Revolut and TransferWise. The Galileo's API-based payment processing platform leads the industry with superior fraud detection, security, decision-making analytics and regulatory compliance functionality combined with customized, responsive and flexible programs to accelerate the success of all payments companies and solve tomorrow’s payments challenges today.

  • 12

    InComm

    InComm

    InComm Payments is a global leader in innovative payments technology. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions that help businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments and financial services. By enabling omnichannel connections to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With more than 25 years of experience, over 500,000 points of distribution, 386 global patents and a presence in more than 30 countries, InComm leads the payments industry from its headquarters in Atlanta, Ga.

  • 13

    Leap Payments

    Leap Payments

    Leap Payments helps businesses of all sizes to lower their credit card processing costs. The company approaches the payments industry with a commitment to long-term relationships with our customers, customized solutions and a consultative approach. Leap Payments goal is to help its customers find the right solution at the best available price. Leap Payments solutions let small and mid-sized businesses take advantage of the same low rates once available only to the largest businesses. The company offers U.S.-based customer service 24 hours a day, 7 days a week, ensuring the highest level of personal service.

  • 14

    Mesh Payments

    Mesh Payments

    Founded by globally recognized payment and technology leaders, Mesh Payments offers cloud-based cardless corporate payments solutions tailored for unique business needs. With cardless payments, Mesh Payments gives businesses a one-stop hub to orchestrate, manage, analyze, optimize, reconcile, and reduce their corporate spend and subscription payments while preventing subscription payment failures that can result in business interruptions. Their cutting-edge technology caters to the dynamic needs of businesses in the post-COVID-19 era.

  • 15

    Payment Solution Pros

    Payment Solution Pros

    Payment Solution Pros is a merchant services provider that offers essential card payment solutions for diverse businesses, including retail and service industries and non-profits. They offer virtual, storefront, and mobile solutions tailored to the unique needs of businesses. Their specialties include point of sale, terminals, card machines, mail and telephone order payments, contactless, e-commerce, online payments, m-commerce, payment security, and much more.

  • 16

    Preferred Payments

    Preferred Payments

    Preferred Payments provides secure technology solutions to accept card transactions, store sensitive customer data and streamline payment operations for businesses of every size. Prizm, Preferred Payments' proprietary gateway, is leveraged by many software companies to create frictionless checkout flows and facilitate payments for their users. Prizm is a PCI Level 1 solution, keeping integrations out-of-scope for compliance and the development cycle simple for engineers.

  • 17

    Rent Moola

    Rent Moola

    One of North America's leading online rent payment platform that makes collecting rent and property-related fees simple and efficient. As part of its latest enhancements, the Rent Moola platform gives tenants the ability to access a line of credit and for property managers to access working capital for businesses. An industry first, these solutions allow for maximum flexibility with as many choices as possible to provide liquidity to its users. Furthermore, Rent Moola also allows background check and credit check services and credit bureau reporting service along with a host of other features.

  • 18

    REPAY

    REPAY

    REPAY is a full-service payment technology and processing provider that enables the expedient and secure collection of payments through any channel at any time. The company’s payment platform provides direct integration with enterprise management systems and access to a suite of payment solutions, including credit/debit card processing, ACH processing, Instant Funding, IVR/phone pay, text pay, electronic bill payment and presentment (EBPP) systems, and consumer-facing payment portals, such as web portals and mobile apps. REPAY also serves the B2B space by automating accounts payable (AP) services and outbound vendor payments through virtual card, ACH, and check processing and effectively managing the full print/mail and electronic communication stream.

  • 19

    Square, Inc.

    Square, Inc.

    Square is a merchant services aggregator and mobile payment company that aims to simplify commerce through technology. Square builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, store, and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain, and the UK. Square builds common business tools in unconventional ways so more people can start, run, and grow their businesses. When Square started, it was difficult and expensive (or just plain impossible) for some businesses to take credit cards. Square made credit card payments possible for all by turning a mobile phone into a credit card reader.

  • 20

    StoneRidge Payments

    StoneRidge Payments

    StoneRidge Payments is an integrated payment processing solutions provider that offers a suite of tailored merchant services and solutions to businesses. The range of products that StoneRidge Payments offers include credit card terminals, wireless credit card terminals, point-of-sale (POS) systems, and debit PIN pads. They also offer services, such as retail merchant accounts, e-commerce, mobile POS processing, and MOTO processing.