Priority Commerce Moves Into Public Sector With IntelliPay Acquisition
Priority Technology Holdings announced on Wednesday (Aug. 26) that it plans to acquire IntelliPay, a provider of government and utility payment processing. The acquisition will enable Priority to expand its enterprise payments business into the public sector through a new division called Priority Commerce Government.
Why it matters — The acquisition signals Priority's strategic expansion into the government and utility payment market, broadening its addressable customer base beyond its current enterprise payments focus.