Priority Enhances Passport Platform with Investment Options for Cash

July 31, 2024 - ALPHARETTA, Ga. - Priority has added a suite of investment options to its Passport banking and treasury solutions platform, allowing customers to passively earn money on idle funds. Passport Cash Builder integrates Treasure Financial's advanced embedded yield API, which allows customers to allocate excess cash to savings and investment accounts.

Cash Builder is a FDIC-insured savings account with competitive interest rates. For those seeking even higher yields with high liquidity within Passport, Cash Builder+ provides excellent rates for qualified deposits, allowing funds to grow faster.

Through the Treasure partnership, Priority's Passport customers can invest in a variety of professionally managed options including money market, Treasury backed securities and short term investments.

"In business, idle cash is lost potential," said Al Acevedo, Senior Vice President of Treasury Services at Priority. "Passport Cash Builder gives you the opportunity to earn revenue from the cash that's already within your integrated accounts. Just choose the options that work best for you, and get back to running your business."

Passport seamlessly integrates payments, treasury and banking services. It allows merchants to quickly and easily collect, store and send money while meeting full regulatory compliance.

For more information on how Passport can help your business, contact Priority.