A Silicon Valley startup and a half-century old payments giant highlighted the divergent backgrounds of the seven first-time winners at the CNP Awards. Sift Science, a 6-year old fintech company that employs artificial intelligence and machine learning to prevent e-commerce fraud, took home the prestigious Judges Choice Award for Best Antifraud Solution. FIS, a traditional payments processor that traces its roots back to 1968, nabbed the Judges Choice for Best E-Commerce Platform/Gateway.
Other companies garnering a CNP Award for the first time include call-center compliance solutions provider PCI Pal, device intelligence company InAuth, antifraud platform Forter, online payment provider Payza and subscription billing solution provider Avangate, which is rebranding to 2Checkout after having acquired that company in April.
Eleven other companies captured either Judges Choice (decided by a panel of five industry experts) or Customer Choice (winners of an online vote) honors, chosen from a pool of nearly 100 nominations. Two providers swept both awards in their respective categories—Vantiv for Best Processor and BlueSnap for Best Alternative Payment Solution.
The CNP Awards were handed out last night at a special celebration that took place during the CNP Expo at the Rosen Shingle Creek Resort in Orlando, Fla. CardNotPresent.com Editor-in-Chief D.J. Murphy, who handed out the awards to the honorees with founder Steve Casco, noted how the results of this year’s event has mirrored the industry at large.
“As e-commerce and mobile payments continue to grow, retailers have a growing array of companies—new and old—bringing new technologies to bear to meet the challenges of accepting card-not-present transactions,” said Murphy. “That range of potential partners is reflected in this year’s CNP Awards. The CNP Awards have become the standard by which companies, programs and services around the world are being recognized and judged now and in the future.”