Top 10 Payment Security Solution Providers 2023

The most recent developments used by payment security organizations include multi-factor authentication, tokenization, machine learning, and similar ones.

To keep ahead of the competition and provide cutting-edge solutions to their consumers, leading organizations are investing in strategic initiatives, including collaborations, mergers and acquisitions, and product launches.

The development of fintech has improved the market for payment security. Development of new and improved payment security trends like tokenization, two-factor authentication, and biometric authentication has attracted substantial investment from fintech companies.

Regulatory compliance is important because it establishes the standards and laws that must be adhered to in order to ensure the privacy, accuracy, and accessibility of payment systems and data.

The size of the world market for payment security is anticipated to reach USD 64.34 billion by 2030. The surge in fraudulent operations over the past few years might be linked to the market’s expansion.

To ensure safe and easy transactions, payment security companies are continually developing and adapting to new technologies and threats.

Because of this, customers are increasingly demanding merchants and payment processors take more stringent security steps to secure their payment information.

This edition comprises some of the most prominent payment solution providers for you to choose from.

Signifyd helps businesses prevent fraud in online transactions. They do this by using a network of other merchants to share information about fraudulent activity. This allows Signifyd to identify and block fraudulent transactions before they happen. Signifyd also helps businesses automate their order fulfillment process and recover money from chargebacks.

Wibmo is a comprehensive PayTech (Payment Technology) company recognized for its leadership in payment security, digital payments, and digital financial services. Acquired by PayU in 2019, Wibmo is now part of the Naspers organization, leveraging its strong pedigree to provide cutting-edge solutions that drive growth for banks, fintechs, and businesses.

Ampcus Cyber is a cyber security company that provides a variety of services, including audits, certifications, privacy compliance, penetration testing, and training. They focus on providing real-world security solutions that go beyond simply checking boxes for compliance. They have a team of highly skilled professionals who are proactive in their approach to cybersecurity.

The company described is a globally active software company that provides future-oriented products and individual digital solutions. They offer support throughout the entire IT life cycle, from ideation and strategy to implementation and operation.

This is a company called Telpo that develops and manufactures smart terminals and solutions. They offer a variety of products, including mobile POS systems, cash registers, kiosks, and biometric devices. Telpo also provides cloud-based services, such as TelpoOS 2.0 and Telpo AI.

Braintree is a payment processing platform that helps businesses accept online payments. They offer a variety of features, including fraud tools, data security, and payment methods like PayPal, Venmo, and credit cards. Braintree can help businesses of all sizes increase their conversion rates, reach more buyers, and streamline their business operations.

The company provides a unified platform for payment acceptance, fraud prevention, and secure handling of sensitive payment data. Their services extend to unified commerce solutions and additional features like payouts, global tax calculation, and currency conversion.

Elavon is a payment processing company that provides solutions for businesses of all sizes. They offer a variety of services, including online, mobile, and in-person payments. Elavon is a trusted partner for over two million customers worldwide.

TokenEx is a cloud-based tokenization provider that helps businesses secure their sensitive data, such as credit card numbers, by replacing it with a randomly generated token. This helps businesses comply with PCI standards and other data security regulations. TokenEx also offers a variety of other services, such as account updater, network tokens, 3-D Secure, and fraud prevention.

Ingenico, a payment solutions company. They offer a variety of products and services, including payment terminals, payment platforms, and estate management services. Ingenico also has a partner program that allows businesses to expand their reach.