Innovative Commercial Payment Solutions
riority CPX has developed market-leading card issuing and merchant acquiring technology designed for B2B payments and automated payables to address the unique needs of clients in this high growth area of electronic payments. CPX offers clients a seamless bridge for buyer to supplier (i.e.: payer to provider) payments by integrating directly to the buyer(s) payment instruction file and parsing it for payment to their supplier(s) via virtual card, purchase card, ACH+, dynamic discounting, or check.
The Priority Commercial Payments team works in a consultative fashion to define strategies and required resources for clients seeking to automate their accounts payable (“AP”) processes. Once the engagement is defined, Priority provides a robust suite of integrated AP automation solutions and curated managed services; enabling effective monetization of Buyer and Supplier payments for financial institutions, card networks and enterprise clients.
Successful implementation of its AP automation solutions provides suppliers with the benefits of cash acceleration and buyers with valuable rebate/discount revenue. Considering that the commercial payments volume in the United States is over twice the size of consumer payments and substantially less penetrated for electronic payments, this market represents a high growth opportunity for Priority.
By the Numbers
NEW B2B SPEND
ON PLATFORM (ANNUAL)
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