Randall King, President of Priority One Electronic Commerce Corp. announced that each of the past 4 months has set new sales records for Priority One.
Processing transactions in January 1998 were five (5) times larger than the number processed a year ago in January 1997. Mr. King went on to say “We expect a 35% increase in February 1998 over the number of transactions processed in January 1998.
Priority One is a privately held company that has developed a proprietary system called BILL COLLECT(TM) that allows client companies to improve cash flow by collecting their receivables on the due date instead of waiting weeks or months for their customers to mail remittance checks.
While studies show that it costs companies from $2 to $5 to collect a single payment, Priority One does this for less than the cost of a postage stamp per payment. This has the effect of reducing operating costs and increasing bottom line.
Randall King of Walnut Creek, Ca. was elected President of Priority One last month. He joins Priority after having been President of Quadron Software and Premenos Technology in its formative years.
Priority One has a strategic partnership agreement with CITX Corp. of Quakertown, Pa. who developed the Intrapay system of doing electronic commerce over the Internet and secure intranets hosted by CITX.
CITX recently announced the signing OF a strategic partnership agreement with NCR Corp. of Dayton, Ohio under which they will work with NCR to integrate the NCR Top End software with the CITX Intrapay system and expand electronic commerce opportunities around the world.
Priority One provides the processing for payment transactions that arise from these electronic commerce transactions over the CITX Intrapay system.
Priority One’s corporate e-mail newsletter “ELECTRONIC PAYMENTS” is available free on request at Priorityone@fast.net.Details