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.”