REVOLUTIONIZING COMMERCIAL PAYMENTS

Industry analysts estimate that business-to-business (B2B) payments currently account for over $120 trillion in in annual payment flow on a global basis. This figure is anticipated to reach $200 trillion over the next decade; representing a marketplace over five times the volume of the retail payments space.

To put this opportunity into perspective: in the United States alone, over 50% of the B2B volume is still remitted by paper checks, which can cost businesses up to $22 per instance to process. In fact, it is estimated that businesses incur over $2.7 trillion in annual B2B administrative costs – 80% of which is paid by small business. Technology has the potential to cut these costs by up to 75%, meaning there is a potential $1.5 trillion opportunity for those that can bring solutions to bear against this challenge: enter Priority Commercial Payments and our proprietary CPX platform.

In order to maximize the ability to address the specific needs and challenges of customers in this burgeoning marketplace, the Priority team has developed a comprehensive suite of software tools focused on AP Automation, along with a list of complementary products and services, including: virtual and physical card issuing; B2B payment acquiring; automated clearing house (ACH) platforms; and curated managed services for commercial acceptance and program activation.

Priority Commercial Payments is leading the way in the transformation to digital B2B payments with fully integrated, agile and scalable technology, coupled with industry expertise and a consultative approach to engagement. Directly, and in partnership with financial institutions, card networks, and enterprise clients, we are unleashing the potential of value creation through commercial payments automation.