Priority Technology Holdings, Inc. Announces Resignation of Tim Schneible as Chief Operating Officer
October 04, 2019 at 04:19 pm EDT
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On September 30, 2019, Tim Schneible was notified that he will no longer be serving as Chief Operating Officer of Priority Technology Holdings, Inc. Mr. Schneible, who had served in this role since October, 2018, departed employment with the Company on October 1, 2019.
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.