Priority Commerce Moves Into Public Sector With IntelliPay Acquisition

Priority Technology Holdings is set to acquire government payment processing firm IntelliPay, expanding its enterprise payments business into the public sector. The acquisition, announced on August 26, aims to create Priority Commerce Government and bring seamless payments and treasury solutions to state and local municipalities.

Tom Priore, CEO of Priority Commerce, stated that IntelliPay has been a strong partner due to its unique payment acceptance and billing needs for public sector organizations. IntelliPay's software enables government agencies, schools, and healthcare organizations to manage payments efficiently. The deal is expected to generate over $4 million in incremental revenue for Priority Commerce in 2026.

Casey Leloux, IntelliPay's CEO, expressed enthusiasm about the partnership, noting that both companies share a commitment to modernizing payment management for their customers. This acquisition follows Priority's recent partnership with the Tampa Bay Buccaneers, which introduced a new ticketing payment process for the NFL team. Priority reported a 9% revenue increase in its most recent quarterly earnings, fueled by a rise in buyer-funded revenues.

Meanwhile, a recent PYMNTS Intelligence report, in collaboration with Visa Direct, suggests that government disbursements could be an overlooked opportunity for financial inclusion. The research highlights that 40% of recipients had limited options for receiving their most recent government payment, while 36% required immediate access to their funds, often resulting in slow clearing processes and limited choice in receiving the money.