Question · Q3 2024
Clark Orsky from Obra Capital asked about the competitive dynamics within the SMB segment and whether any specific competitors are notable.
Answer
Executive Thomas Priore expressed confidence that Priority is gaining market share by winning on the reseller side and offering bundled commerce solutions that traditional acquirers lack, such as Priority Capital and Passport banking. He emphasized their ability to earn revenue in three ways (acquiring, banking, payables) as a key edge. Executive Tim O'Leary added that Priority's bankcard volume growth is roughly double the industry average according to Visa and Mastercard data, letting their performance speak for itself without naming competitors.
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