Priority Announces Strategic Technology Partnership With Treasure Financial; Enables Priority's Customers To Allocate Excess Working Capital To An Investment Account Across A Portfolio
Portfolio Pulse from Benzinga Newsdesk
Priority Technology Holdings, Inc. has announced a strategic technology partnership with Treasure Financial. This partnership will allow Priority's customers to invest their excess working capital into a diversified portfolio through Treasure Financial's embedded yield API. The portfolio includes Treasuries, TIPS, Government-backed money market funds, and professionally managed fixed-income instruments. The integration aims to provide a unified commerce platform for managing sales or receivables payments and optimizing working capital.
December 11, 2023 | 1:50 pm
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Priority Technology Holdings, Inc. has entered into a partnership with Treasure Financial to offer investment options for excess working capital to its customers, potentially increasing customer satisfaction and retention.
The strategic partnership with Treasure Financial is likely to be viewed positively by investors as it expands Priority's service offerings and could lead to increased customer retention and satisfaction. The ability to manage and invest working capital through a single platform may be seen as an innovative step in enhancing Priority's financial ecosystem.
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