Top Payment and Card Solution Companies
List of Top Payment and Card Solution Companies
The payment sector is changing, and therefore the ongoing pandemic has only catalyzed its acceleration. With the emergence of the new normal, card technology goes through advancements to facilitate seamless transactions in line with the regulations. Banking organizations and retailers, and other stakeholders are attempting to harness contactless cards and mobile-based payments to steer previous their competition in terms of customer experience.
The emergence of biometric cards is paving the way for the symbiosis of chip technology and fingerprint authentication to verify cardholder’s identity for in-store purchases without traveling through the more elaborate security approaches existing today. In some cases, face recognition technology is gaining prevalence for secure contactless purchases through apps or online wallets.
Tokenization and dynamic card verification value (CVV) also are making a mark within the payment arena. With tokenization, banks are turning account numbers into unique tokens to stop identification fraud. These tokens may be used for secure e-commerce or contactless transactions through smartphones. And dynamic CVV is indeed an improvement over the usual approach. Rather than the static three-digit CVV, cards are being integrated with an electronic computer screen to generate new CVV numbers periodically. Within the face of such technological revolutions happening within the payment sector, all stakeholders must get on board the change train to achieve the helm of success.
At this juncture, there is a variety of DMS providers available in the market that cater to the different needs of organizations and enterprises. To help them choose the DMS that best fits their requirement, CIOReview has compiled a list of the 10 most promising DMS providers. The enlisted DMS providers are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
CIOReview Top Payment and Card Solution Companies
