Priority Technology Holdings, Inc. Announces Executive Changes
September 29, 2021 at 04:44 pm EDT
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Effective September 27, 2021, Rajiv Kumar has been appointed Senior Vice President and Chief Accounting Officer of Priority Technology Holdings, Inc. and will assume the role of principal accounting officer. Mr. Kumar replaces Pamela Tefft, Senior Vice President and Chief Accounting Officer. Ms. Tefft will assume the role of Senior Vice President of Finance Senior Vice President. Mr. Kumar most recently served as Director, Advisory and Technical Accounting of McKesson Corporation. Prior to that, Mr. Kumar served as an Assistant Manager, Manager and Senior Manager at Ernst & Young from 2011 to 2021.
Priority Technology Holdings, Inc. is a solution provider in payments and banking as a service (BaaS) industry, operating at a scale with 860,000 active customers across its small and medium-sized businesses (SMB), business-to-business and enterprise customer channels. The Company has three segments. SMB Acquiring Solutions segment provides full-service acquiring and payment-enabled solutions for business-to-consumer transactions, leveraging its proprietary software platform, distributed through independent sales organizations (ISO), direct sales and vertically focused independent software vendor (ISV) channels. B2B Payables segment provides accounts payable (AP) automation solutions to corporations, software partners and industry financial institutions (FI), including Citibank and Mastercard. Enterprise Payments and BaaS segment provides embedded finance and BaaS solutions for customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.