Payments News

Priority Technology Focuses on Growing Segments as Subscription-Billing Business Shrinks

May 13, 2019

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 quarter. Bank card transactions increased 6.7% to 117.9 million from 110.4 million a year ago.

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