TORONTO, Nov 2, 2023 — Paramount Commerce, the leading Canadian bank-account-based payments provider, is proud to announce that it has won the 2023 Most Innovative in Payments in Canada award at the Global Financial Market Awards (given by the Global Financial Market Review). This recognition is a testament to Paramount Commerce’s unwavering commitment to revolutionizing the payment landscape.

The company’s innovative One-Click Repeat Deposits feature significantly enhanced the user experience and streamlined the payment process for both merchants and consumers. This user-friendly feature has set them apart in terms of innovation and convenience.

Additionally, Paramount Commerce was the first to adopt machine learning for its already robust risk management system in the high-growth industries it serves. By harnessing machine learning technology, it has demonstrated a commitment to cutting-edge risk management practices, making it a trailblazer in the industry. Serving over one million customers with a best-in-class experience, made Paramount Commerce a standout choice for this award.

“We are excited to have received the Most Innovative in Payments in Canada 2023 award from the Global Financial Market Awards,” said Dave Roe, COO at Paramount Commerce. “This recognition is a testament to the hard work and dedication of our team, who continue to push the boundaries of what’s possible. We are thrilled to be the first to offer one-click payments and machine learning for risk in the industries we support, and will continue to deliver industry firsts as we simplify payments for businesses and consumers.”

 This award reflects Paramount Commerce’s commitment to providing solutions with enhanced security, convenience, and efficiency for merchants and consumers. As it continues to develop and release new features and solutions, Paramount Commerce will further solidify its position as a trusted payment partner for online businesses.

About Paramount Commerce

Paramount Commerce is on a mission to simplify payments and is Canada’s leading bank account-based payment partner. Our patented technology is used by millions of consumers and has processed over $100 billion in volume. Offering one-click payments, a robust risk management system, a best-in-class experience, seamless integration, and over 20 years of industry experience, Paramount Commerce creates raving fans of both merchants and consumers. To learn more, visit paramountcommerce.com

For more information: media@paramountcommerce.com