Top 10 Payment and Card Solutions Companies - 2022

The payment and card industry has taken an innovative turn while wading through the unchartered waters of the COVID-19 pandemic, providing a once-in-a-generation opportunity for merchants to seize upon the shifts in consumer payment behaviors. As we foray into the cashless economy with the rise of digital payments, businesses are responding in an effort to increase operating efficiency and reduce wait times for customers.

As reported by MarketsandMarkets, the size of the payment processing solutions market is expected to grow from $90.9 billion in 2022 and reach $147.4 billion by 2027, at a Compound Annual Growth Rate of 10.1 percent during the forecast period.

What fuels this growth is the latest wave of digital technologies enabling merchants to make payments their competitive edge. For example, by leveraging contactless payments methods, companies are enabling customers to pay faster, more securely, and conveniently.

Security is another key concern in the payment and card arena. With fingerprint scanners, facial recognition, iris recognition, heartbeat analysis, and vein mapping gaining prominence, biometric authentication is also emerging as a reliable solution to identity theft and fraud and ensure accuracy, efficiency, and security in payments.

This edition of CIOReview highlights the key developments in the space and how companies are capitalizing on them to deliver robust payment solutions. We have curated thought leadership articles from industry experts, including the SVP, Risk Management at Atlantic Union Bank, the SVP, Head of Global Payments at East West Bank, and the Executive Vice President and Chief Digital Officer of Simmons Bank.

We also took a deep dive into the market trends to narrow down the list of companies delivering robust payment and card solutions. Equipped with innovative technological capabilities, these enlisted companies, including Prime Payment Solution, vcita, Verituity, and National Merchants Association, help transform businesses at the cloverleaf of various disruptive technologies.

We hope this edition of CIOReview on payment and card industry will help you build the partnership you and your organization need to foster an environment driven by efficient technology.

Let us know your thoughts!

    Top Payment and Card Solutions Companies

  • 1

    International Payout Systems (i-payout) is a global B2P payment technology platform that has been assisting multinational businesses pay their affiliates, employees, consultants, and payees, with ease. Through its award-winning payment solution and unmatched network, i-payout can service its clients’ most complex domestic and global payment needs. The company’s B2P payment platform allows businesses to send and receive payments around the world in local currencies by wire, EFT, check, prepaid card, credit card, UnionPay, PayPal, and other local payment options.

  • 2

    A merchant advocacy group dedicated to reducing or eliminating the unnecessary fees associated with accepting credit card payments

  • 3

    vcita's cloud-based small business management platform provides client and back-office portal, payment portal, and scheduler, eSign, forms, and documentation capabilities. While the client portal is a ready-made, secure, online platform businesses can easily access on desktop or use as a fully featured app on tablet or mobile, vcita’s back-office side of the portal helps business owners get a 360 view of their schedule, clients, and billing in one place. The portal serves as a central communications hub for all client interactions. It enables any business’s clients to self-serve and communicate anytime, and a full 24/7 service feel and is HIPAA compliant and secure

  • 4

    Verituity transforms payouts beyond transactions into new sources of value by delivering faster, safer, verified payments and pay-by-anything experiences, all while reducing complexity, risks, and costs

  • 5

    Whistle Systems offers advanced and effective payment solutions with an employee-centric approach that improves employee retention

  • 6



    Dwolla is redefining payment possibilities with sophisticated account-to-account solutions

  • 7

    Franchise Payments Network

    Franchise Payments Network

    FPN assures the quick and thorough accomplishment of initial assessment, plan development, resources identification, POS roll-out, franchise marketing and consumer marketing

  • 8



    nCout’s payment platform easily integrates with case management systems (CMS), back-office systems, and third-party applications using a single API interface

  • 9



    Square offers one-stop-shop solution for payment related issues of every business of various type and size

  • 10



    Versapay connects customers over cloud with collaborative AR which results in increased efficiency and accelerated cash flow