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PaymentWorks: Vendor Analysis — Supplier management and payments solution overview, roadmap, competitors, user considerations, analyst summary

05/28/2025 By and

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This Spend Matters Vendor Analysis provides an overview of PaymentWorks and its solution for supplier management and secured payments. 

Buyers and suppliers engage in transactions regularly, but this frequent exchange can pose significant risks for all parties involved. With B2B e-commerce sales hitting approximately $2.1 trillion in 2023, the volume of sensitive data exchanged online continues to grow exponentially.  The process is vulnerable to data leaks and hacking. Cybercriminals often target electronic payments and checks. With the technology's evolution, though, the methods for secure payments have also become more sophisticated.

Innovative protective measures, such as encryption, tokenization and advanced authentication protocols, are essential in combating these threats. By leveraging these technologies, businesses can enhance their security and protect sensitive information. Robust protection against cyber risks is crucial for both individual organizations and the integrity of the entire e-commerce ecosystem. 

PaymentWorks provides a solution to the potential hacking, fraud and technological issues that can occur during the payment process. It emphasizes encryption and supplier quality control. This tool can be very beneficial to users seeking a software that can integrate easily with their solution to keep their payments safe and secure. 

This Vendor Analysis also explores PaymentWorks' platform, application and supporting services and delivers a competitive market analysis, complete with key analyst takeaways.  

Here’s why PaymentWorks matters:

  • To the market — PaymentWorks provides a solution to fraudulent payments and security hacks through its vendor validation and secure e-payments.
  • To potential buyers — PaymentWorks takes on the risk associated with payments within the US and provides a user-friendly and streamlined vendor onboarding and management process.
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