Payments-technology provider Priority Technology Holdings Inc. posted record revenue of $755.6 million in 2023, up 13.9% from the previous year. The year was capped off by a record fourth quarter, during which Priority posted revenues of $199.3 million, a 12.2% increase from the same period a year earlier. In both …

Payments-technology provider Repay Holdings Inc. reported its consumer-payments business grew its organic gross profits 16% in the quarter ended June 30, compared to the same period a year ago. Overall, the company posted organic profit growth of 12% for the quarter, compared to a year earlier. Absolute figures were not …

Payments provider Priority Technology Holdings Inc. is partnering with Century Bank, a community bank with locations in New Mexico and Texas, to provide its accounts-payable platform called CPX (Commercial Payment Exchange) to the bank’s business customers. CPX automates manual business-to-business payments processes, such as manual check runs, payments, and reports.  …

It was a nasty April for Priority Technology Holdings Inc. as the Covid-19 business downturn tightened its grip, but the merchant acquirer is looking to integrated payments and other growth areas to soften the blow. “In the month of April we processed roughly $2.7 billion in volume, which was down …

Transaction and dollar volume for Priority Technology Holdings Inc. managed to grow in the first quarter despite the downsizing of the merchant processor’s formerly large online subscription-billing business. Alpharetta, Ga.-based Priority reported Monday that merchant bank card processing volume rose 8.8% to $9.9 billion versus $9.1 billion in 2018’s first …

Merchant processor Priority Technology Holdings Inc.’s fourth-quarter revenues fell by $19.5 million, a drop of 16.5%, in the face of a new Mastercard Inc. rule change tightening consumer notices on subscription billings. “This decline was being driven by one factor and one factor only,” Priority chairman and chief executive Thomas …

Pay by bank is not a new electronic-payments concept—consumers have been paying utility bills with their bank accounts for years—but the promise of lower fees and reduced merchant headaches is energizing the service, and work is at hand developing new use cases. Witness Radial Inc., an e-commerce platform adopting Link …

Priority Technology Holdings Inc. said its MX Merchant Suite software will integrate a platform from payments-technology provider Datacap. Mastercard Inc.’s Dynamic Yield technology unit launched a generative AI (artificial intelligence) tool that is aimed at helping consumers search for products in a merchant’s digital catalog. Authvia, a provider of tokenized pay-by-text technology, …

Payments provider Priority Technology Holdings Inc. announced it has entered into a so-called stalking-horse agreement to bid on the assets of Plastiq Inc., an 11-year-old payments provider that has entered Chapter 11 restructuring. Terms of the bid were not disclosed. Freshmart, a Puerto Rico-based grocer with seven stores, said it has chosen eGrowcery to …