Title: Thomas Priore: The Driving Force behind Priority’s Success
Thomas Priore is the founder and Chief Executive Officer of Priority, a leading provider of commercial payment solutions and the 13th largest merchant acquirer in the US. With a distinguished background in finance and a track record of success, Priore has been the driving force behind Priority’s remarkable journey since its inception in 2005.
Born out of Priore’s investment banking experience and his brother’s expertise in the payments industry, Priority was founded with the goal of bringing a modern and improved payment experience to business owners. Leveraging their understanding of business challenges and customer feedback, Priore and his team developed cutting-edge, innovative solutions for payments and banking that save time, costs, and effort for all parties involved.
Under Priore’s strategic direction, Priority swiftly evolved from a startup to become a major player in the industry. In just 22 months, the company achieved rapid growth and positive cash flow. Today, Priority is the fourth-largest non-bank payments processor in the US, serving over 800,000 clients across multiple industries and processing over $115 billion in annual payment volume through their proprietary solutions.
What sets Priority apart from its competitors is their holistic approach to payment processing and merchant acquiring. While many companies focus solely on these services, Priority goes beyond by offering Banking as a Service (BaaS) capabilities, allowing businesses to handle most of their banking needs on their platform. This comprehensive approach, supported by robust technology, gives Priority a competitive edge in the market.
Priore’s leadership and vision have been instrumental in driving Priority’s success. He emphasizes the importance of understanding customer needs and continuously improving their platform and services to meet those needs. By diversifying their offerings, expanding capabilities, and fostering a strong corporate culture, Priore ensures that Priority remains at the forefront of the industry.
In conclusion, Thomas Priore‘s strategic direction and leadership have propelled Priority to become a leading player in the payments and banking industry. With a focus on innovation and customer-centric solutions, Priore continues to drive the company’s growth and success.