PRIORITY is a leading provider of merchant acquiring and commercial payment solutions, offering unique product and service capabilities to its merchant network and distribution partners. Our enterprise operates from a purpose-built business platform that includes tailored customer service offerings and bespoke technology development, allowing us to provide end-to-end solutions for payment and payment-adjacent opportunities.
Our Consumer Payments enterprise offers full-service payment processing solutions for business-to-consumer transactions through ISOs, Financial Institutions, ISVs and other Referral Partners. The proprietary MX platform affords the flexibility to execute simple transactions at the small merchant level, all the way to enterprise payment solutions for sophisticated commercial clientele.
Our Commercial Payments enterprise offers AP automation solutions and professionally curated managed services to industry leading financial institutions and networks. The proprietary CPX platform was developed to address needs expressed by enterprise partners looking for a best-in-class solution for buyer/supplier payment enablement.
The Institutional Services division provides audience-specific programs for institutional partners and other third parties looking to leverage our professionally trained and managed call center teams for customer onboarding, assistance, and support. We can also provide marketing and direct-sales resources through this business unit.
Focused on the increasing demand for integrated payments solutions for transaction in the digital economy, our Integrated Partners division provides solutions for ISVs and other third-parties, allowing them to leverage our core payments engine via robust API resources and high-utility embeddable code. Bespoke consulting and development are also available.
About Priority Technology Holdings
Inspired by Goals. Driven by Results.
Founded in 2005 with a mission to build a merchant inspired payments platform that would advance the goals of its SMB and enterprise clients and distribution partners, Priority is a leading provider of merchant acquiring and commercial payment solutions. Our platform offers unique product and service capabilities to small and mid-sized businesses (“SMBs”), enterprises of varying age/stage and distribution partners (Retail ISO’s, Financial Institutions, Wholesale ISO’s and ISV’s) across the United States.
Since 2013, Priority has grown from the 38th largest U.S. merchant acquirer to become the 13th largest as of the end of 2017. Priority is currently the 6th largest non-bank merchant acquirer in the United States. In 2017, the Company processed over 439 million transactions and over $34 billion in payment volume across a network of approximately 174,000 merchants. Headquartered in Alpharetta, GA, Priority has approximately 520 employees and is led by an experienced team of payment technology executives.
The Measurements of Success
For the year ending December 31, 2017, Priority generated revenue of $425.6 million, net income of $4.6 million and Adjusted EBITDA of $58 million, compared to revenue of $344.1 million, net income of $20.2 million and Adjusted EBITDA of $46.7 for the year ended December 31, 2016.
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