MX Build, Powered by Priority, Launches at CFMA's Annual Conference & Exhibition
July 10 2023 - 8:30AM
Business Wire
The latest technology solution for construction businesses to
minimize risky payments and accelerate cash flow through automated
lien waiver management
Priority Technology Holdings, Inc. (NASDAQ: PRTH) (Priority), a
leading platform for unified commerce that delivers integrated
payments and banking at scale, will introduce its MX Build™
technology solution at CFMA’s Annual Conference & Exhibition.
With its Smart Pay feature, MX Build helps construction companies
streamline payments and automate tedious work like lien waiver
management.
“We are disrupting and reimagining old construction processes
such as manually managing lien waivers and construction spending
and replacing them with more advanced processes and solutions with
MX Build,” said Jammil Handal, EVP of MX Build. “The integration
with Priority’s ecosystem makes MX Build the technology forward
solution for construction businesses that combines payments,
banking, and construction management into a unified platform that
maximizes operational efficiency, cash flow management, and
improves compliance for an overall business improvement.”
MX Build makes it easy to:
- Automate lien waivers to minimize risky payments
- Simplify expense management
- Accelerate cash flow
- Streamline compliance
“Construction companies now have the technology and resources
available to help solve decades-old business challenges that impact
their projects, cash flow, and impede their ability to accept
payments. MX Build is a part of our unified commerce solution that
eliminates the frustrations and challenges facing construction
businesses,” said Thomas Priore, Chairman and CEO of Priority.
The construction industry continues to grow, and construction
executives remain confident in the US economy even as it navigates
recession risks, according to Engineering News Record’s Q1 ‘23
Construction Industry Confidence Index. “By automating the lien
waiver process, MX Build helps to mitigate risks and improve
construction companies' cash flow. We are excited to bring this
innovative solution that solves common challenges for construction
companies to the market,” Handal concludes.
Priority invites CFMA Annual Conference attendees to visit the
MX Build team at booth #331 in the exhibit hall to learn more about
MX Build and Smart Pay Technology.
About Priority Technology Holdings, Inc.
Priority is a unified commerce leader with an industry-leading
native embedded finance platform that seamlessly integrates modern
end-to-end payments processes with treasury and banking solutions
and data analytics and insights. Leading companies count on
Priority’s breakthrough, agile technology to collect, store, and
send money in managing their business and consumer operating
accounts. Priority’s solutions are offered via API or proprietary
applications with nationwide money transmission licenses (MTL),
built-in regulatory compliance (AML, OFAC, BSA), underwriting, and
risk mitigation, all supported by industry-leading customer
service. With Priority, companies move money faster than ever
before, monetize payments, accelerate cash flow, enhance customer
experiences, facilitate embedded commerce, and significantly reduce
costs. Visit www.prioritycommerce.com for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20230710776701/en/
Priority Investor and Media Inquiries: Dave Faupel,
dave.faupel@prth.com, (229) 588-8354
Priority Technology (NASDAQ:PRTH)
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