Payment security is a set of security solutions that enable secured transaction between a merchant and its customer through one of the digital payment modes, such as web, mobile, and Point of Sale (POS) machine. Various solutions that are offered by payment security vendors include encryption, tokenization, and fraud detection and prevention. Adoption of these solutions enable least burden of Payment Card Industry Data Security Standard (PCI DSS) compliance on the merchants.

The competitive landscape analyzes the growth strategies adopted by various key players in the payment security market. Bluefin Payment Systems (Georgia, US), Braintree (Illinois, US), CyberSource Corporation (California, US), Elavon (Georgia, US), Index (Nevada, US), Ingenico ePayments (Hoofddrop, the Netherlands), Intelligent Payments (Gibraltar), GEOBRIDGE Corporation (Virginia, US), Shift4 Corporation (Nevada, US), SISA Information Security (California, US), Signifyd Inc. (California, US), TNS Inc. (Virginia, US), and TokenEx, LLC (Oklahoma, US) are recognized as some of the top players in the payment security market. This chapter also includes the competitive leadership mapping matrix that provides information about the 25 major players that offer payment security solutions. The vendor evaluations are based on 2 broad categories: product offerings and business strategies. Each category carries various criteria based on which the vendors have been evaluated. The evaluation criteria considered under product offering include breadth of offering, feature, delivery, scalability, and support. The evaluation criteria considered under business strategy include reach (geographic presence), industry coverage, channel network, viability, and organic and inorganic growth. The products offered by these top players are loaded with many features and capabilities. Additionally, these players have adopted various business strategies to maintain a leading position in the payment security market.

Vendors who fall in this category generally receive high scores for most of the evaluation criteria. They have strong and established product portfolios and a very strong market presence. They provide mature and reputable payment security solutions. They also have strong business strategies.

They are established vendors with very strong business strategies. However, they are low in product portfolio. They generally focus on a specific type of technology related to the product.

Innovators in the competitive leadership mapping matrix are vendors that have demonstrated substantial product innovations as compared to their competitors. They have a very focused product portfolio. However, they do not have very strong growth strategies for their overall business.

They are vendors with niche product offerings and are starting to gain their position in the market. They do not have very strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before getting significant traction in the market.