This article showcases our top picks for the best Canada based Transaction Processing companies. These startups and companies are taking a variety of approaches to innovating the Transaction Processing industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Canada Transaction Processing Companies
Paystone is a provider of customer engagement services and electronic payment processing solutions for businesses of all sizes. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions help merchants turn everyday transactions into meaningful customer interactions.
Its secure, user-friendly solutions are used at over 25,000 merchant locations across Canada and the United States, collectively processing over $10 billion dollars a year in bankcard volume, including The ALDO Group, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn and 50 of the MTY Food Group’s restaurant brands.. .
VersaPay was founded in 2006 as an electronic payments company and went public in 2010 (TSX-V: VPY). VersaPay is a Fintech company and leading provider of cloud-based invoice-to-cash solutions, enabling businesses to provide a superior customer experience, get paid faster, streamline financial operations, and dramatically reduce DSO and costs.
VersaPay ARC is the new standard in accounts receivable and collections management with a customer self-service environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable efficient collections, cash application and real-time insight into accounts receivable.
VersaPay ARC automatically reconciles payments and account information through integrations with a wide range of ERPs and accounting software providers.. .
Mobeewave sees the evolution of cashless payment from cards towards ubiquitous mobile money. By equipping a mobile phone with secure, contactless payment-acceptance capability, Mobeewave’s award-winning patented technology powers a True Wallet Experience for consumers, allowing them to put cash in to their mobile wallets as well as make payments.
With Mobeewave, anyone can accept cashless payment for anything, anyhow, enabling in-person consumer-to-consumer transactions, between strangers as well as friends and family, in a secure, trusted and open environment.. .
nanopay is a global payments technology company offering payment and liquidity management products for businesses and banks. Our technology differentiates us.
Our platform is built on hybrid blockchain technology that improves throughput, simplifies governance, and reduces cost. Our mission inspires us.
Our long-term goal is to lead the world’s transition to digital cash.. .
FlexPay is an AI-driven decline salvage platform that uses advanced machine learning models to recover between 50% and 70% of declined transactions. The software analyzes the varying attributes of transactions in order to save money in chargebacks.
It mitigates against problems on a transaction-by-transaction basis with a proprietary, statistics-based decline salvage, and risk balancing strategy. It integrates seamlessly between the CRM and the existing payment gateway.
It was founded in 2017 and is headquartered in Montréal, Quebec, Canada.. .
[Payfirma](https://www.payfirma.com) offers small to multi-national corporations a multi-channel payment platform for mobile, ecommerce and in-store payments. Our mission is to deliver a global payment platform that is a natural extension of every growing business.
Payfirma offers a payment platform that makes it simple to take payments in any way, and provides payment analytics to help people make better business decisions. Today we processes payments for thousands of businesses across North America.
The PayHQ payment platform is used by local trade companies and professional services to global online retailers, national publishers, non-profits and large enterprises. We bring enterprise-level payment systems to SMBs in a simple package with amazing customer service.
Our core purpose is to make it easy for people to grow their business.. .
Dealflo is an end-to-end financial agreement automation service incorporating all the components necessary to fully automate financial transactions. Not just eSign.
Compared to traditional eSign providers, the Dealflo service decreases risk and cost whilst increasing conversion and sales.. .
SmartPay.me is an on-premise or cloud based solution to let Retailers and Banks deploy a White-Label Mobile Instant Checkout (EMV/SCA/PSD2/PISP/TISP) solution with Biometry, inside their own mobile App and Website. Our solution is Full Stack.
We link through APIs & SDKs in between the shopping cart, banks and the retailers’ payment service provider with only a few lines of code to implement hidden behind the Checkout button. Customers simply click the checkout button and use their phones’ biometrics identification solution (fingerprint, facial or voice récognition) to confirm the checkout.
No Enrolment, no registration, no identification, no credentials or credit card info to provide. This project aim to directly address the +68% dropout rate in eCommerce checkout (+83% on mobile) with our white label MIC solution: 1 click & a fingerprint to raise success rate up to +90%.
And with our EMV Wallet (PSD2) embedded in our MIC solution, we enable banks to deploy “card present” transactions for digital payments in order to kill fraud down to 0.04% as in in-store transactions using phones’ biometrics identification for Instant Checkouts.. .
Lone Wolf Technologies
At Lone Wolf Real Estate Technologies, their goal is to provide the backbone for real estate brokerages across North America. Their mission is to provide their partners with the most comprehensive management and accounting solutions for their real estate office.
Developing and leveraging our client relationships to enhance our programs, they embrace growth in their products and the skill set of our staff. In the ever changing world of real estate technology, Lone Wolf will be the Leader of the Pack!.
Apaylo is a leader in payment software innovation, digitizing bank account payments with security, speed, and transparency. Our payment hub and APIs connect digital enterprises to banking systems, enabling them to facilitate direct bank account payments.
The Apaylo Payment Hub is the centralized technology layer that connects marketplaces and digital platforms to pay and accept money directly from any bank account in an automated and transparent way.. .
The First Core Financial System Built For The Internet Of Value. Omnigate’s universal architecture bridges traditional and blockchain payment processing and offers a suite of financial service solutions to keep your business ahead of the curve.
Omnigate empowers the development, integration, and standardization of different payment technologies — as well as the creation and management of digital currencies.In a rapidly changing digital financial landscape, your development investments need to be future-proof. Omnigate can help your company keep pace with infrastructure changes in blockchain and other new payment technologies.
If you’re looking to future-proof your business — or to build an innovative product — Omnigate can help you manage complexity and ensure future standardization. Maintain flexibility for the future with Omnigate..
Toronto-based INKAS® Payments started its operations in 2010 to provide payment processing solutions and merchant account services on a national scale, and has since established itself as a leader within the Canadian market. To date, we have helped thousands of Canadian businesses of all sizes reduce their payment processing fees, while providing an exceptional customer experience.
Our dedicated experts help navigate the complex world of credit card processing, and provide guidance throughout the entire process, from a free rate analysis, to having an account set up. We are driven by our mission to provide complete transparency on all your payment processing fees, so that you can understand your fee structure and lower your rates.
INKAS® Payments is one of the top merchant service providers in Canada with thousands of merchants within its portfolio that spreads coast to coast from St. Johns, Newfoundland to Vancouver, British Columbia.
By following the internal CISS mandate (Creativity, Innovation, Stability, and Support), INKAS® has consistently developed successful custom solutions for the clients that require a customized approach. INKAS® Payments Corp.
is a subsidiary of INKAS® Group of Companies in Toronto, Canada, and to date, INKAS® has grown to employ over 350 highly skilled and specialized team members who produce the highest value products and services in the industry. INKAS® is a Registered MSP/ISO of the Canadian branch of U.S.
Bank National Association and Elavon.. .
Clearly Payments provides the lowest cost payment processing and credit card processing with world-class technology. Clearly Payments is the friendliest payment processor on Earth.
That’s the goal. It’s getting there by racing prices to the bottom and offering complete transparency on how it operates.
Both of these things make traditional credit card processors nervous: change. Clearly Payments is the first payment processor to adopt a model of radical transparency, something the industry desperately needs.
In the end, it provides the full payment processing solution to software vendors, medium to large businesses, and organizations looking to bring payments in-house. It believes nobody should be paying 2.9% and wait days to get their funds.
The Clearly Payments vision is a world where payments are immediate, free, global, and frictionless. Clearly Payments helps businesses process payments by providing a merchant account, payment gateway, and payment hardware.
It provides the ability to accept credit cards, debit cards, and even cryptocurrency: Visa, Mastercard, China Union Pay, American Express, Discover, Diners, debit, Bitcoin, etc. It supports online, brick and mortar, and back-office businesses with incredible end-to-end service on setting up and using payment systems while giving extra help along the way to grow your business..
Okanii, we offer a secure, scalable and networked digital token (coin) based electronic cash payment platform solution for global commerce. With over a decade of cumulative R&D reflected in our IP, our payment processing system provides the best attributes of both cash and electronic transactions to address key problems in the payments industry, and to provide a compelling solution for all parties in a payment transaction – consumers, merchants, financial institutions, and payment service providers.
Our solution provides a superior consumer experience, with an intuitive, simple, and easy to understand user interface, a high-strength cryptography-based security model, the convenience of mobile transactions, and unmatched consumer privacy. Our solution can be offered as a platform-as-a-service (PAAS) solution to financial institutions (FI’s), mobile carriers, merchant payment service providers (PSP’s), governments and central banks.
It can support multiple transaction types, in any currency, for person-to-person (P2P), and consumer-to-business (C2B) payments and business-to-business (B2B) payments.. .
Innovation Centric Group
We strive to make the complex simple and to find ways to make the simple awesome. Awesome requires different thinking.
Out of the box, thinking is our speciality. At ICG we “do not go where the path may lead, we go instead where there is no path and leave a trail”.
Our culture is different because we care. Our life is complicated.
We are bombarded with data, reports, information, deadlines and agendas from different groups. We make the complicated simple, we make the hidden, transparent, the manual, automated.
We standardise your processes, integrate your data, we make your data meaningful, transparent and simple. DARE TO BE DIFFERENT and contact us.
Oro Services improves the way people use remittance to support families while working abroad. Oro Services provides a new, safer way to both share the funds with family and loved ones while staying connected to the things that really matter.
With a safe and advanced crypotechnology, Oro Services is proven secure, offering a new way to provide quick transactions and near immediate access to funds. Connected to the people and contacts that matter, Oro Services is built on a network.
Share successes, memories, and events within ORO’s connected experience. Oro Services was founded on 2013 and is headquartered in Calgary, Alberta, Canada..
Crimson Transaction Technologies
Crimson Transaction Technologies is focused on providing the ultimate secure, industry-leading transaction software solutions for government and various retail industries. Since 1998, Crimson has helped clients achieve dramatic improvements to their overall business performances with our line of software solutions.
We have strengthened our clients’ business performances by providing the right solutions to streamline merchandise and customer/store management throughout their locations and across all channels. Crimson is much more than a Point-of-Sale development company.
Our team has deep roots in retail store systems and payment processing systems. Our approach is to provide clients with more control over their retail technology by designing fully configurable Point-of-Sale, fee collection and bill payment software.
Using our implementation experience, our own retail backgrounds, and the options available in the system, we help our clients create a smooth checkout experience for both the cashier and the end customer.. .
RetailMagic is an affordable point-of-sale and accounting software for retailers. RetailMagic is an easy to use and fully integrated POS, inventory, and accounting system for small to medium sized businesses.
It integrates point-of-sale transactions with accounting information increasing the information available and decreasing the time spent recording this information. The company’s all-in-one solution includes software, hardware, installation, training, and support.
RetailMagic is headquartered in Mount Stewart, Prince Edward Island, Canada.. .
Since 2004, DebitWay has become a recognized leader in Debit Card services. Through innovation and experience, they have maintained an outstanding track record of bringing groundbreaking products, services and technology to the payment network.
Supported by the most trusted associations in the market such as trust companies, credit unions, banks and payment related companies, DebitWay connects Merchants & Internet Users by providing an immediate, secure and effective system to transfer Cash over the Internet. DebitWay payment technology solutions for card-present and card-not-present environments are uniquely positioned to help your business expand by delivering overall savings and virtually unlimited solution options without compromising the highest quality service your business deserves.
Their responsibilities include the development and operation of an innovative infrastructure that allows consumers to access a National Payment Network (NPN) for online purchases made with their own bank issued debit cards in real time. They offer an easy-to-implement solution for payments and simple-to-use web tools allowing you to monitor your transaction flow in real time.
Services include advanced reporting, state of the art fraud scrubbing tools, a free shopping cart, and 24/7 live service for merchants and their customers.. .
KenyaPesa facilitates a website that enables its customers to transfer money to Kenya through their bank accounts or credit and debit cards. KenyaPesa allows its customers to transfer money from Canada to Kenya through mobile money transfers such as M-pesa and Airtel Money.
KenyaPesa was founded in January 2013 by Isaac Thuku. It is headquartered in Ottawa, Ontario..
Daniele of Normandy Company
Our company helps government organizations and businesses solve complex problems and build capabilities to deliver a competitive advantage. We guide our clients through periods of transformational change and help them evaluate, quantify and manage their risks.
Our approach integrates security risk management into all components of the enterprise, including People, Process and Technology. We are keenly aware that our client’s success depends on how well security is aligned to their strategic business objectives.
We transfer our knowledge and expertise to every client to ensure that they gain the edge they need to compete and win in today’s marketplace. The services we provide are: Strategy Consulting: Let us help you establish your unique position of advantage in the marketplace.
Corporate Intelligence: We possess the expertise to monitor and respond to threats that affect your business. Information Security: We are leaders in the protection of IT assets and Critical Infrastructure..
Cannabium is an innovative payment mechanism dedicated to the cannabis industry. The company develops a preferred method of payment for all cannabis transactions.
It diversifies the existing crypto portfolio by adding the stability of a coin directly motivated by a valuable product. It is a revenue solution for cash intensive businesses.
Cannabium brings power to the consumer and the retailer, giving everyone equal access to the same marketplace and reducing costs for everyone involved. Cannabium was founded on 2017 and is headquartered in Vancouver, Canada..
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