CUSTOM INDUSTRY SOLUTIONS

Integrated Payables

Discover a less expensive, more efficient way to manage procurement expenses through Priority’s integrated payables solution, Commercial Payments Exchange (CPX).

Reduce Operating Costs & Improve Cash Flow

Automate 100% of your accounts payable file with multiple forms of secure electronic payment, including: Virtual Card, Buyer-Initiated Payments, Proxy Payments, Dynamic Discounting, ACH+, ACH and Check. Get comprehensive visibility over supplier spend and the cost savings associated with transitioning manual/check payments to a streamlined electronic workflow.

Electronic payments continue to gain traction as a more efficient and economical means of paying suppliers over traditional check processing:

  • Electronic payments spend has grown an average of 10.9% per year between 2015-2018 and is expected to reach $127B by 2022. *
  • Everyday more suppliers are preferring to be paid electronically from their buyers. It is quick, safe, efficient, and greatly reduces fraud.
  • Respondents saved $26 per transaction when comparing the estimated cost of invoicing and payment by check against the average cost of an electronic payment. *
Priority Commercial Payments is the premier partner to industry-leading institutions. Our innovative financial services provide sophisticated and customized solutions that encourage maximum supplier participation, ???

* As reported by RPMG Research Corporation’s 2018 Electronic Accounts Payable Benchmark Survey Results analyzing survey responses from over 1,000 electronic accounts payable end-users.

Ready to get started?

Our experienced payment advisors specialize in working with businesses just like yours to create innovative solutions based on your specific needs.

Priority Payment Systems, LLC is a registered ISO/MSP of each of Wells Fargo Bank N.A., Concord, CA; Synovus Bank, Columbus, GA; Citizens Bank, N.A., Providence, RI; Axiom Bank, N.A., Maitland, FL; and PB&T Bank, Pueblo, CO.

Disclaimer

“MX™ ISO/Agent”, “MX™ Merchant”, “MX™ Express”, “MX™ Invoice”, “MX™ Insights”, “MX™ B2B Interchange Optimizer”, “MX™ Enterprise”, “MX™ Storefront”, “MX™ Developer”, “MX™ Retail”, “VIMAS”, “ACH.COM”, “4 Rings and Resolve”, “e|tab”, and “Verity Payments” are trademarks or service marks of Priority Payment Systems LLC. “American Express Merchant Financing”, “Apple Pay”, “Clover”, “ControlScan”, “PAX”, “Verifone”, “Ingenico”, “iMag”, “SecureMag”, “Magtek “First Data”, “Poynt”, and “TSYS” are trademarks or service marks of their respective owners and each is solely responsible for the provision of its respective products and services.