Priority and Ahrvo Labs Announce Strategic Technology Partnership
23 Abril 2024 - 11:00AM
Business Wire
CPX integration accelerates Ahrvo Labs’ payment
capabilities for data compliance customers
Priority Technology Holdings, Inc., (Priority), a leading
platform for unified commerce that delivers integrated payments and
banking at scale, has announced a strategic partnership with Ahrvo
Labs Inc., through Ahrvo’s Portable Identity Gateway.
Ahrvo Labs has integrated Priority's payment and banking
offerings into the gateway, a payments and banking network that
provides access to 200-plus financial institutions through one
onboarding process.
This integration enhances the Portable Identity Gateway's
existing payment and banking capabilities in the U.S., enabling
Ahrvo Labs to offer a wide range of services, including individual
bank accounts, business bank accounts, physical and virtual debit
cards, ACH transactions and international and domestic wires.
Ahrvo Labs' ability to onboard other organizations as program
managers through a single process further amplifies the
partnership's impact. This streamlined approach allows fintechs,
neobanks, acquirers, ISOs, Payfacs, PSPs and other payment and
banking service providers in the U.S. to easily access Priority and
more than 200 other payment and banking providers behind the
Portable Identity Gateway.
The partnership’s goals are to create a seamless experience that
delivers Priority's best-in-class payables solution, CPX, to Ahrvo
Labs' customers, and to enhance the customer experience by
streamlining and integrating all payment types into one platform.
Priority will seamlessly process payment instructions from Ahrvo
Labs' clients, which will automate virtual card, ACH and check
transactions alongside essential reconciliation data, regardless of
a supplier’s preferred payment method. Through this partnership,
both Priority and Ahrvo Labs continue their commitment to enabling
greater access to essential financial services for businesses and
consumers across the U.S.
"We are excited to partner with Priority to enhance access to
payment and banking services for businesses and financial
institutions," said Appo Agbamu, CEO of Ahrvo Labs. "By integrating
Priority's ACH capabilities and BaaS offerings into the Portable
Identity Gateway, we are empowering our partners to streamline
operations, expand their service offerings and drive growth. Our
partnership with Priority enables us to get clients onboarded with
commercials executed quickly, typically in less than two weeks.
That’s extremely fast when onboarding program managers who want to
commercialize BaaS capabilities to offer Tier 1 bank accounts."
“We are thrilled to partner with Ahrvo Labs,” said Stephen
Tackett, Executive Vice President for Priority’s commercial
payments business. “Ahrvo Labs has built a tremendous business
delivering excellent customer experiences in the compliance space.
The combination of our payment technology along with Ahrvo’s
expertise in compliance will give our clients an unmatched level of
security and reliability."
About Priority Technology Holdings,
Inc.
Priority is a solution provider in Payments and Banking as a
Service, operating at scale with 820k active customers across its
SMB, B2B and Enterprise channels, processing $118B in annual
transaction volume and providing administration for $850M in
average daily deposits. Priority’s purpose-built technology enables
clients to collect, store, borrow and send and provides customers
the acceptance and AP payment applications and Passport financial
tools that best optimize their cash flow and maximize working
capital. Additional information can be found at
www.prioritycommerce.com.
About Ahrvo Labs
Ahrvo Labs offers businesses 20+ cutting-edge identity,
document, and transaction management solutions that optimize
onboarding processes for payment and banking organizations to
ensure regulatory compliance. Ahrvo’s state-of-the-art payment and
banking gateway features a single onboarding process that provides
access to over 200 leading financial institutions worldwide. With
secure global transactions and a commitment to regulatory
compliance, our compliance, payment, and banking solutions are
designed to simplify compliance workflows and streamline payment
and banking operations for businesses. To learn more visit
https://ahrvo.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240423042432/en/
Ahrvo Labs Media Contact: John Richardson VP of Sales
john.richardson@ahrvo.com
Priority Media Contact: Alison Jones Alison.Jones@prth.com
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