Digitization has enabled hassle-free, seamless monetary transactions. The widespread growth of e-commerce and numerous online transactions have also brought in with the increased number of frauds and credit security concerns. From a broader perspective, security risks are not just sustained to online transactions but they also affect offline payment modes. To eradicate the potential threats faced by companies during payment transactions, numerous technologies are being leveraged. There is an increasing adoption of general-purpose tokenization, EMV technology, and encryption to keep credit card and online payment transactions safe from hackers and other miscreants.
With all this, payment security solution providers are under immense pressure. Stakeholders are on the lookout for efficient payment security solution companies who can provide enticing and turnkey service offerings. The advanced security inventions have brought to the fore tokenization and end-to-end encryption. Besides, new debit and credit cards can now leverage cryptography and 3D secure to improve payment security. These measures brought forth eradicate fraudulent activities, thereby, improving and enhancing payment security for companies. Nascent biometric payment technology- DNA verification, iris scans, and voice recognition have ceased to be mere catchphrases and are making way into the payment security space.
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. The 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 presents the Enterprise Security Magazine’s “Top 10 Payment Security Solution Providers – 2018.”
