With a focus on technology in the finance industry, transactions are in the process of evolving to the point where payments will forever change from traditional methods that have been used for decades.
Being in the payments space for almost two years and helping build products around eCash , I’ve noticed how businesses need to adapt to the continuous advancements in technology. I’ve luckily had the opportunity to work with some of the brightest minds in the industry, and have gotten to know many of the companies revolutionizing the space.
At the forefront of these changes are numerous outlets offering disruptive processes and products. Here are ten companies forever changing how consumers and businesses make payments online: Image: Trulioo Compliance is a major challenge faced by many online payment providers. With real-time access to hundreds of secure and reliable data sources around the world, Trulioo’s identity verification solution powers fraud and compliance systems for global payment providers, such as PayPal, Stripe and Square, through a single API integration. As a result, Trulioo saves time, reduces operational costs and facilitates a more transparent online identity verification process.
Founded and owned by some of the world’s largest credit card brands, including American Express, Mastercard and Visa to name a few, this company is behind the introduction of smart debit and credit cards that contain a microprocessor chip to minimize and even stop fraud. It’s been so disruptive that the company has influenced significant changes in the payments industry with merchants now being required to switch to this system along with banks and other card issuers. Soon, the days of magnetic stripe cards will be a distant memory.
While Bitcoin is the most well-known, pioneering brand behind cryptocurrency, there are now hundreds of various types of this digital currency that are under debate for the threat […]
