Meta Description: CEO Thomas Priore transforms business-to-business payments with Priority Technology Holdings’ innovative CPX platform, delivering unprecedented efficiency and cost savings.
Business-to-business payment processing has undergone significant transformation under Thomas Priore’s leadership at Priority Technology Holdings. The company’s CPX platform exemplifies how strategic innovation can address traditional pain points while delivering measurable business value to enterprises across multiple industries.
Thomas Priore’s Approach to Payment Innovation
Thomas Priore has positioned Priority Technology Holdings at the forefront of B2B payment automation, recognizing that traditional check-based systems cost businesses over $30 per transaction. His vision for streamlined payment processing has resulted in CPX, a comprehensive platform that eliminates manual processes and maximizes cash-back opportunities for businesses.
“Paying suppliers by check can cost over $30 per check, while the use of CPX can result in cash coming back to a business,” Thomas Priore notes. This fundamental shift from cost center to revenue generator demonstrates his understanding of how technology should deliver practical business outcomes.
Technology Architecture Enables Scalable Solutions
Priority Technology Holdings’ B2B segment achieved remarkable growth under Thomas Priore’s direction, with revenue increasing 58.3% due largely to strategic acquisitions and platform enhancements. The company’s dynamic mapping tool processes supplier payments in minutes rather than hours, representing a significant operational improvement for businesses managing complex vendor relationships.
Thomas Priore’s entrepreneurial background in investment banking and structured finance has informed his approach to developing financial technology solutions. His experience managing over $20 billion in assets through ICP Capital provides crucial insight into enterprise financial operations and cash flow optimization strategies.
The success of Priority Technology Holdings’ B2B platform reflects Thomas Priore’s commitment to building solutions that scale across business types while maintaining flexibility. This approach has positioned the company as a leading innovator in the competitive fintech landscape.