Announcement, Awards

Introducing the 2022 winners of Tearsheet’s Power of Payments Awards

  • In our inaugural Power of Payments Awards, Tearsheet identified and acknowledged the top firms and products in the payments space.
  • This year's winners include Intuit QuickBooks, Zelle, Flywire, Deserve, and more.

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Introducing the 2022 winners of Tearsheet’s Power of Payments Awards

Both consumer and commercial payments are enjoying a renaissance. New products, services, and partnerships are being launched, forming the next generation of leaders in the space. Meanwhile, existing players are growing their product portfolios and expanding their geographic reach.

Tearsheet’s Power of Payments Awards are the industry’s top awards program, recognizing and celebrating the top products and brands in the payments space defining the face of a rapidly changing landscape.

Acknowledged at our inaugural T-POP Conference in September in NYC, the Power of Payments Awards for this year went to:

Most Innovative Payments

TPoP_Awards winners_Intuit

Intuit QuickBooks won this year’s Most Innovative Payments Award. In addition to its accounting software used by millions of small businesses, the firm powers an ecosystem around SMBs that now includes banking and lending.

QuickBooks recently launched 2 new products: Get Paid Upfront enables QuickBooks Online customers to finance unpaid invoices and QuickBooks Early Pay provides employees instant access to their wages between paydays.

Best Payments App

GlossGenius wants to transform the small business payments workflow.

The vertical software platform for salon owners now powers over $2 billion in annual transaction activity.

GlossGenius’ platform is a business-in-a-box software solution that increases bookings and revenue while reducing administrative burden. Its Chief Money Machine card readers provide small business owners with fun and stylish options.

Payment Technology Provider of the Year

TPoP_Awards winners_Zelle

Zelle connects financial institutions of all sizes to make it fast and easy for money to move.

In 5 years, consumers and businesses have sent more than 5 billion Zelle payments, or $1.5 trillion in aggregate.

Today, nearly 1700 banks and credit unions, including 100+ MDIs, offer Zelle in their app.

Best Corporate Spend Product

TPoP_Awards winners_TeamPay

Teampay helps high-growth companies streamline the purchasing process. In June, the company released Catalyst by Teampay, the first corporate card built on the Mastercard Digital First experience.

Catalyst can be pushed to an employee’s mobile wallet so they can make purchases immediately online, in-app, and at the point of sale.

Accompanied by a contactless metal card, the Catalyst card is numberless and cardholders can easily lock the physical card if misplaced, access their transaction history and balance information, receive alerts, and view card benefits.

Best Cross Border Payments Offering

TPoP_Awards winners_flywire

Flywire helps organizations get paid more quickly and easily, to and from anywhere in the world.

In July, the company announced the acquisition of Cohort Go to accelerate growth with international education agents, deepen commitment to product and payment innovation, and further invest in the Asia-Pacific region.

Flywire grew its revenue 53% to $56.5 million in the second quarter of 2022, compared to $37 million in the second quarter of 2021.

Best Fiat/Crypto Payments

TPoP_Awards winners_deserve

Deserve enables BlockFi cardholders to earn unlimited 1.5% back in crypto on everyday purchases.

With instant issuance and digital wallet provisioning, there’s no need for a physical card.

In addition to crypto benefits, Deserve helps its clients issue customized cards and rewards, like shopping at women-owned businesses, and helps individuals pay off their student loans.

Best Card

TPoP_Awards winners_upgrade

The Upgrade OneCard offers the rewards of a credit card and helps consumers stay within budget like a debit card.

Designating purchases as Pay Now helps users stay within budget and avoid interest or fee charges, while using Pay Later lets users spread their payments over time.

Users earn rewards on both Pay Now and Pay Later purchases. Both options offer the fraud protection of credit cards.


TPoP_Awards winners_citizenspay

Citizens Pay is a market leader in combining Point of Sale financing and Buy Now Pay Later, giving consumers flexibility in payment options away from credit cards, and offering merchants an embedded finance solution that uses data and analytics to deepen customer relationships.

Citizens Pay serves over 7.5 million customers and has had more than $9.5 billion in loans originated, as of June 2022.

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