The financial services sector is undergoing a massive transformation, and one area which is reporting accelerated growth is payment systems. One of the crucial components that streamlines the functioning of the banking sector is the payment and card services. Essentially working as the back-end factor, payment and card services make modern day commerce possible by bringing all the relevant financial entities to deliver a simplified payment experience.
In essence, payment and card services deal with the entire payment transaction from authorization to settlement. Hence, to bolster these functions, financial leaders are using Artificial intelligence (AI) and machine learning (ML) to capitalize on customer data and ensure process automation and fraud detection. Besides, the influx of third-party gateways and payment facilitators are also playing a pivotal role in providing connecting point between different systems such as, sales, card processing platforms, and the likes of it. To that end, the use of AI has also enabled fintech firms to provide 24/7 payment services.
Considering these developments taking place in the payments and card paradigm, choosing the appropriate banking solution partner can be a difficult task. In order to assist the firms in the task of finding accomplished payment and card solutions, we have compiled this issue of Banking CIO Outlook. In this edition, we have listed the Top 10 Payment and Card Solution Providers - 2021 to highlight the companies that can escalate the chances of your growth. Equipped with innovative technological capabilities, these companies are set to transform the payment and card landscape. We hope this issue of Banking CIO Outlook helps you build the partnership you and your organization need to foster a workspace driven by robust and efficient technology.
We present to you Banking CIO Outlook’s “Top 10 Payment and Card Solution Providers - 2021.”