priority payment systems financial institution program
TRANSCRIPT
PRIORITY PAYMENT SYSTEMS
Financial Institution Program
prioritypaymentsystems.comprth.com
Inspired by Goals. Driven by Results.
Priority Payment SystemsOVERVIEW
1
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.
Priority is currently the 5th largest non‐bank merchant acquirer in the United
States. As of March 2020, the Company processed over 439 million transactions
and over $55 billion in total payments volume across a network of approximately
209,000 merchants. Headquartered in Alpharetta, GA, Priority has approximately
520 employees and is led by an experienced team of payment technology
executives.
55 BillionIN PAYMENTSPROCESSED
$
5 LargestUS NON-BANKMERCHANT ACQUIRER
th
209 K
TOTAL MERCHANTBASE SERVICED
More Products, Services, and Programs to Benefit Your Customers
Priority Payment SystemsCONSUMER PAYMENTS
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Priority offers vertical-specific applications to fit your
merchant’s needs—at their level of business—from simple
mobile and countertop processing solutions, to e‐commerce
and virtual environment platforms. We support POS systems
with special industry, cloud-based software and
value-added business management tools, such as marketing
insights through our online reporting applications. Our
products are scalable, so your merchant can start at any
level of processing and grow with our program and with
you.
Customer Service That is Personable, Responsive and Competent
We value our customers, so this sets the
bar of service very high for us. Our goal
is to maintain a level of customer
satisfaction that matches and even
surpasses that of our FI partners.
Priority’s FI Program has its own
customer service department, where a
Relationship Manager (RM) and a backup
team are assigned to each FI, providing
you with the following benefits:
• Every member of the team is well-
versed when it comes to the
relationship with our partners
• Our RMs manage and develop
partner relationships to ensure
accurate and complete resolution of
issues
• Our RMs will answer the phone, no
prompt needed
• Our RMs will solve your issue or
identify the appropriate personnel
that will
• Our RMs will treat your customers
with white-glove service
Be�er Reporting of Revenue, Business Activity, and InformationA fundamental aspect of having a successful business and
maintaining healthy partner relationships is having access to
pertinent information. Priority has one of the industries
most robust information and reporting tools available in the
marketplace today. We are constantly developing new tools
for our partners and merchants alike, so that you have all
the necessary information and resources available to run
your business as efficiently as possible. Our online platform
gives you access to view every merchant within your
portfolio. You can see how much volume they are
processing, how much revenue they’re earning, as well as
view a breakdown of every revenue category and source.
These insights allow you to make the best possible informed
decisions to nurture the growth of your business.
Priority Payment SystemsFINANCIAL INSTITUTION PROGRAM
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Priority’s Financial Institution ProgramToday’s technology and information landscape presents new
challenges and competitors for merchants, and it’s not just
other banks, but also the internet. A successful merchant
program focuses on much more than old-school merchant
services; it requires assistance in marketing efforts, data
acquisition, sales generation, and programs that address
day-to-day needs of a business owner and their enterprise.
Through clear focus and conversation, Priority can develop
a custom program that fits your financial institution’s
greatest needs.
Priority’s experienced FI team specializes in working with
our network of Banks and Credit Unions to deliver ongoing
training and sales support to create continued value for
your customers and member-base.
• No financial risk to the FI
• Revenue sharing on all schedule
listings
• Sales support at the level you
determine and need
• Ongoing comprehensive training on
products and services
• Marketing Campaigns
• Easy to use referral entry system
• Referral Incentive Campaigns
• Multiple Boarding Platforms
• Tiered revenue sharing options
Customizing Your FI Program to Be�er Utilize Our Unique Offerings, Including These Benefits:
Priority Payment SystemsOUR PRODUCTS
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Priority’s proprietary processing platform, our MX™ Merchant solutions suite, is the future of
integrated payments because it acts as a single source to deliver everything you need to run
a successful business the way your customers choose!
Product Diversity That Provides Your Financial Institution with a Competitive Advantage
Integrated Partner Products
B2BInterchangeOptimizer
Insights
Retail
Express
AccountUpdater
Invoice
Merchant
MX™ Merchant – Enables customers to process credit card, cash, and/or checks in one fast transaction with QuickPay. To create a dynamic and powerful payments suite, MX™ Merchant hosts additional app add-ons that enable features like invoicing, level 2 and level 3 support, recurring billing, inventory management, customizable payment widgets, customer vault and more.
MX™ Retail – Allows customers to manage their point-of-sale needs, while also handling the back office management, stock control, and inventory needs—from onboarding to tracking and simple to complex inventory.
MX™ Express – An easy-to-use mobile application that allows customers to accept mobile card payments with or without a card reader. Additional features include optional gratuity and receipts that can be emailed, printed, or sent via SMS text.
MX™ B2B Interchange Optimizer – Ensures that purchasing and corporate card payment data is passed correctly for business, corporate, government, GSA, and large ticket sales to qualify at an optimal Level II and Level III interchange rate without any additional entry fields.
MX™ Invoice & Recurring Billing – Provides customers with professional, wholesale, and service-industry virtual invoicing and recurring payments that make collecting funds fast and hassle-free. Features include the option to accept credit card payments on invoices, status tracking, and invoice history.
MX™ Insights – Offers customers a robust set of analytics that helps measure business performance and customer loyalty. With access to real data, customers can make informed decisions about their business. Reporting includes but is not limited to: average transaction size, average visits, average spend per customer, average spend, days between visits, repeat customers, and more.
MX™ Account Updater – Provides customers with a virtual vaulted card information updater that works great for businesses with recurring payment needs.
e|tab is a full-service restaurant/hospitality online ordering platform.
LandlordStation is a cloud-based property management payment and marketing platform.
PayRight is a cloud-based patient payment platform for healthcare providers.
ACH.COM is a full-service ACH platform.
Priority Commercial Payments is a virtual Accounts Payable/ Accounts Receivable platform for large enterprise businesses.
©2020 Priority Payment Systems LLC.©2020 Priority Payment Systems LLC (”Priority”). The information provided herein is intended solely for use by the designated recipient for its internal
business purposes only. These materials cannot be distributed or shared outside of your organization with any third party, without Priority’s prior
written approval. Priority Payment Systems is a registered ISO of Wells Fargo Bank N.A., Concord, CA, a registered ISO/MSP of Synovus Bank,
Columbus, GA, and a registered ISO of Citizens Bank, N.A., Providence, RI.
Trade Mark Notifications“MX,” “MX Merchant,” “MX Express,” “MX Retail,” “MX Invoice,” “MX B2B,” and “MX Insights” are trademarks and/or service marks of Priority Payment Systems LLC, which disclaims any affiliation, sponsorship or endorsement of any kind with any other entity using MX or any variation thereof in connection with bank card, credit card, or transaction technology, processing services and merchant services. “ACH.COM,” “e|tab,” “Priority Commercial Payments,” “PayRight,” “LandlordStation,” and “Priority Fl Solutions” are trademarks and/or service marks of Priority Technology Holdings LLC.