With the exponential growth of e-commerce, and several innovations later, the online payments fraud and credit card security remains to be the primary concern to-date. Looking at a wider spectrum, the security risks are not targeted merely at online payments but also predominantly on offline payment modes—mobile payment inclusive. To bring down the potential threat faced by companies during their customers’ payment transactions, payment security solution providers are developing and offering a large number of technologies with the only motive of making payment secure. General purpose tokenization, EMV technology, and encryption are seen to expand greatly in order to keep credit card safe and secure from hackers and other miscreants.
With the growing demands for smarter and more robust security technologies, there is constant pressure on payment security solution providers. A ubiquitous hunt exists in the lookout for efficient companies who comprehend the grievances, practicalities, and possibilities of the industry to put together an enticing and turn-key service offering.
A host of software solutions claims their stake in the payment security market as firewalls, security information, and event management, multi-factor authentication, data encryption amongst others. The prime requisite for consumers and merchants alike is the promise that every line of code instills a high level of integrity and developers are abreast of flaws and shortcomings to incorporate the necessary design modifications for in-depth defense on a futuristic note.
Like any other arena, payment security is inundated with myriad solution providers and as a result, zeroing in on the apt one remains an uphill task for a CIO. To tread on the right path, Enterprise Security Magazine has become the beacon in the Payment Security landscape. Our distinguished selection panel, comprising CEOs, CIOs, CTOs, industry analysts and the editorial board of Enterprise Security Magazine narrowed the final 10 providers that exhibit competence in delivering Payment Security solutions.
Here is the Enterprise Security Magazine’s Top 10 Payment Security Solution Providers - 2017