Top 10 Retail Payment Companies - 2018
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Exchange Solutions: Maximizing Customer Lifetime Value

Top 10 Retail Payment Companies - 2018

A generation ago, a consumer would undoubtedly pay in cash after shopping. But today, it’s no secret the retail experience is dramatically shifting how they pay for products. With the shift to digital era, path braking innovations in payment technology is enabling seamless payments anytime, anywhere.

Businesses that adopt digital payments will be able to change their business models, scale up and expand to new revenue streams while enjoying increased profit margins. For this adoption to accelerate, payment solution providers need to contribute to an ecosystem that is secure and minimizes the risks associated with payment solutions.

Trends such as mobile wallets, EMV security, and mobile point-of-sale (mPOS) devices are shaping the future of retail payment processing. Meanwhile, technologies such as artificial intelligence are transforming the payments sector, offering better personalization and fraud prevention. Biometrics including facial, fingerprint, voice and hand movement recognition are also adopted by banks and Fintechs as a weapon in the consumer experience battle, and also for offering maximum security. The payments industry has also started adopting voice activated payments including Google Home, Alexa, Cortana, and Siri for better customer satisfaction.

Providing companies with the ability to improve customer service competency, drive revenue, and gain edge over industrial competitors, the number of retail payment solution providers has grown relentlessly.

With the number of solution providers filling up to the brim in the industry, it is an uphill task for a CIO to find the apt solution provider. Acting as a beacon in the industry, a distinguished panel comprising of CEOs, CIOs and analysts including the Retail CIO Outlook’s editorial board have evaluated firms offering innovative solutions for assisting enterprises with robust retail payments solutions.

We present to you Retail CIO Outlook’s “Top 10 Retail Payment Solution Providers - 2018”

Company Logo Company Name Company Description
Aliant Payment Systems Provides credit card processing and payment processing accounts for organization globally, with experienced management staff in the account set up, customer service and development
Allied Wallet Provides digital eWallet solutions, payment processing/credit card processing, multi-currency merchant services and more, for online merchants, enabling them to send and receive international payments
Cayan Provides businesses with a fully integrated, reliable payment processing and multi-channel customer engagement platforms
Corduro Provides Payments as a Service (PaaS) framework, which supports mobile, online and point of sale (POS) terminals for organizations of all sizes
Exchange Solutions Designs, builds, and operates customer engagement programs that use data-driven, personalized incentives to increase valuable customer behaviors
JetPay Offers integrated solutions like credit card acceptance, payment processing, pre-paid card services, payroll services to corporations and government entities of all sizes
PXP Offers a resilient platform for omnichannel payments, thus allowing organizations to create a fully integrated customer sales journey across multiple channels
Retriever Merchant Solutions Offers iPad-based POS system and associated services for retailers to help them replace their old-school POS with a beautiful, affordable and easy-to-use device
Revel Systems Offers iOS-based POS platform that combines cloud-based technology and the mobility of the iPad, maximizing security, stability, ease of use, and service delivery
SeedERP Provides a first-of-its-kind smart retail ERP platform and retail kiosks to launch and support CBD and cannabis-based businesses