Top 10 Retail Payment Consulting/Services Companies - 2018
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Top 10 Retail Payment Consulting/Services Companies - 2018

Retail payment services work behind the scenes in the engine rooms of commerce, representing vital links in the global financial chain. Payment service providers help retailers accept payments electronically, by credit card or bank transfer, and manage transactions between buyers and sellers while offering optimum security against theft and fraud.

Today, from card issuers and acquirers to ISVs and gateways, payment service providers are working to simultaneously embrace new technologies with AI and machine learning to align with the growing customer requirements. The end result is a dramatic evolution in how payment products and services are being built, deployed, and utilized. As part of this transformation, a variety of trends including mobile wallets and adoption of blockchain are emerging, that are reshaping the payments value chain.

Meanwhile, with popular messaging platforms enabling e-commerce, virtual peer-to-peer transactions are becoming more real and adaptive. Facebook Messenger, WhatsApp, and WeChat give billions of their users the power of new e-commerce – with instant in-app payments.

At this juncture, there is a wide array of service providers entering in the industry with a set of advanced and integrated payment service offerings.

To help organizations find the right payment service providers/consultants, a distinguished selection panel comprising of CEOs, CIOs, VCs, industry analysts, and Retail CIO Outlook magazine’s editorial board has selected a list of payment service/consulting companies that exhibit innovative capabilities and strategies.

We have considered the vendor’s ability in delivering solutions and services that can effectively yet economically account for a productive payment service offering, keeping in mind the factor of time-focused delivery.

We present to you Retail CIO Outlook’s “Top 10 Retail Payment Consulting/Services Companies - 2018.”

Company Logo Company Name Company Description
Elavon Provides innovative payment services and solution to help businesses attract and keep customers, build partner relationships, process payments and simplify operations
Hero Payments Veteran-owned merchant processing company offering cost-effective payment solutions for business owners
Infinity Data Provides services and solutions like retail credit card processing system, B2B credit card payment processing, EIPP solutions and more to meet clients' business requirements
Innowi Offers all-in-one pocket-friendly POS product-Checout to deliver a seamless and efficient experience to merchant & customers
Net Element Provides mobile payments and value-added transactional services
Omnyway Provides a cloud-based solution to retailers that augments existing backend and in-store systems, allowing for the blending of offline and online retail processes
Payline Data Services Offers its payments services to the clients and partners enabling them to have the tools and education to run their business successfully
ShopKeep 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
Standard Cognition Providing AI-powered computer vision platform to enable autonomous checkout for retail stores
USAT Payment technology service provider helping customers in self-serve retail and seamlessly make the transition to cashless payment and telemetry