WELLESLEY, Mass. -- (BUSINESS WIRE) -- Paydiant, provider of a white label mobile wallet solution for merchants and banks, received two awards at the 2014 PYMNTS Innovator Awards which took place at the PYMNTS Innovation Project 2014, March 19-20 in Cambridge, MA. The company was recognized in both the Most Invisible Player and Best Cash Innovation categories. The awards, in their third year, are among the most prestigious in the payments industry and boast a submission, selection and voting process that is unmatched in intellectual rigor and competitive energy.
“This year’s award finalists comprised the highest-caliber innovators in the industry, and I’m delighted to recognize our elite group of award winners,” said Karen Webster, president of PYMNTS.com, the organizer of the event. “The awards are particularly meaningful because the finalists are vetted by judges who really understand the space and are then voted on by the PYMNTS community,”
In the Most Invisible Player category, Paydiant took top honors for its cloud-based, white-label mobile payment, offer redemption and loyalty platform. The solution allows merchants and banks to deploy and manage their own mobile wallets, under their own brands. It integrates easily with merchants’ and banks’ existing mobile apps, loyalty platforms and point-of-sale (POS) systems, requires no new POS hardware, and works with existing and future mobile and payment technologies. The silver medal in the Most Invisible Player category went to IP Payments for its IP PCI payments platform and the bronze to Early Warning for its fraud prevention solution.
In the Best Cash Innovation category, Paydiant took home the bronze medal. The company’s patented Cardless Cash Access platform enables consumers to use their smartphones, instead of their debit or credit cards, to withdraw cash securely from ATMs. The gold medal went to InComm for its Cashtie API and the silver to PayNearMe for its electronic cash transaction network solution.
The Innovation Project™ recognized companies and individual leaders for excellence in the payments industry in a wide variety of segments. These included the Innovator Awards™, viewed as the most prestigious recognition in the payments industry, where 69 finalists competed for 15 prestigious awards. Other awards handed out include the first PYMNTS Catalyst Award™, a Women Driving Innovation in Payments Award and a Best in Show Award honoring a cool, new innovator in the payments industry.
Paydiant is the provider of a cloud-based, white label mobile payment, cardless ATM access, offer redemption and loyalty platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment and ATM access solutions under their own brand and on their own terms. Based on a patented, cloud-based transaction processing platform, the Paydiant solution enables the key stakeholders in the payments value chain – retailers, banks and payment processors – to control the next generation of payment solutions. Visit www.paydiant.com for more information about the Paydiant solution and follow us on Twitter @Paydiant.
About The Innovation Project™
Over 2 days, 60+ speakers and 500 senior members of the payments industry changed the way that the payments and its broader commerce ecosystem thinks, talks, delivers and ignites innovation. On March 19 & 20, 2014 the greatest minds in commerce and payments will assembled at Annenberg Hall in Memorial Hall on the Campus of Harvard University* near Boston to kick the conversation about innovation up to an entirely different level at The Innovation Project. Speakers and delegates are among the most senior executives from literally every established payments company worldwide.
PYMNTS.com is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “what’s next” in payments. C-suite and VP level executives read it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web.
*Please note that The Innovation Project and PYMNTS.com are not affiliated with Harvard University, nor is the Innovation Project 2014 a Harvard University program or activity.