Priority And Datacap Announce Strategic Technology Partnership
Portfolio Pulse from Benzinga Newsdesk
Priority Technology Holdings, Inc. (NASDAQ:PRTH) has announced a strategic partnership with Datacap Systems, a leading integrated payments middleware provider. The partnership will integrate Datacap's universal payments platform with Priority's MX Merchant Suite, enhancing payment processing, reporting, inventory management, and reconciliation for merchants and small businesses. The collaboration aims to provide robust payment technology, scalability, and reduced manual processes, strengthening Priority's competitive advantage in the marketplace.
November 30, 2023 | 2:11 pm
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Priority Technology Holdings, Inc. has entered into a strategic partnership with Datacap Systems to enhance its MX Merchant Suite with advanced payment processing and BaaS benefits, aiming to improve customer experience and operational efficiency.
The strategic partnership with Datacap is likely to have a positive short-term impact on PRTH's stock price as it enhances the company's product offering and could lead to increased adoption of its MX Merchant Suite. The integration with Datacap's platform is expected to streamline payment processes for merchants, which is a significant value proposition for current and potential clients. This news could be perceived positively by investors, reflecting an improved competitive position and potential for growth.
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