Digital Payments News

Priority and Century Bank Announce Strategic Partnership to Expand Product Offering to Bank Customers

Priority and Century Bank Announce Strategic Partnership to Expand Product Offering to Bank Customers
CPX, powered by Priority will deliver industry-leading AP solutions to Century Bank customers

Priority Technology Holdings, Inc, a leading payments technology company helping customers collect, store, and send money, has announced a partnership with Century Bank, a full-service community bank supporting locations in New Mexico and Texas.

“We are excited to partner with Century Bank to offer a seamless suite of B2B payment solutions to their customers and deliver the benefits of automation, revenue creation and greater treasury value”

Under the partnership, Century Bank’s customers will be able to take advantage of Priority’s best-in-class accounts payable (AP) solution, CPX. Engineered to help buyers and suppliers find the intersection of value, CPX eliminates inefficient manual processes and optimizes revenue share from virtual card for buyers, while accelerating payments and managing transaction costs for suppliers.

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“We are excited to partner with Century Bank to offer a seamless suite of B2B payment solutions to their customers and deliver the benefits of automation, revenue creation and greater treasury value,” said Stephen Tackett, Executive Vice President and head of the B2B division for Priority. “CPX delivers the speed-to-market and frictionless onboarding process that will support Century Bank’s customers as well as the Bank’s vision of becoming a super-community bank.”

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“Today, companies are focused on optimizing their AP process and desire to partner with a community bank that is committed to the communities they both serve,” said Tyler Sisneros, SVP and Director of Treasury and Digital Banking for Century. “Unfortunately, many community banks are technology challenged, and the payables optimization vision evangelized by larger FI’s precludes most companies due to cumbersome IT requirements of their payables tools. We are proud of our partnership with Priority because it allows us to provide our commercial clients with a powerful, yet user-friendly payment tool.”

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