Get to Know This Local FinTech Company NYC, USA
Our FinTech company Priority Payment Systems Local is proud to serve one of the most famous cities: New York City, home to Manhattan, Brooklyn, Queens, Staten Island, and the Bronx. Read on to learn why hundreds of NYC based businesses have looked to us as the best payment processing company, but first, if you’re not sure exactly what a FinTech company is, allow us to elaborate.
What is a FinTech Company?
FinTech stands for financial technology – something every merchant needs to accept credit cards for their small, medium, large, or enterprise-sized business. Finance publication PwC best defines what a FinTech company is:
The term FinTech is often tossed around in the media and in casual conversation. And while many use the term, its specific meaning often gets lost somewhere along the way. Startups use technology to offer existing financial services at lower costs and to offer new tech-driven solutions. Incumbent financial firms look to acquire or work with startups to drive innovation. Technology companies provide payment tools. These can all be seen as FinTech.
When people think of FinTech, they often focus on startups, breaking into areas that banks and other legacy financial institutions have dominated. But we think about all the players in a larger FinTech ecosystem, which we refer to as the As, Bs, Cs, and Ds.
As are large, well-established financial institutions. We sometimes refer to these as “incumbents.”
Bs are big tech companies that are active in the financial services space but not exclusively so, such as Apple, Google, Facebook, and Twitter.
Cs are companies that provide infrastructure or technology that facilitates financial services transactions. This broad group includes companies like MasterCard, Fiserv, First Data, various financial market utilities, and exchanges such as NASDAQ [and Priority Payment Systems Local].
Ds are disruptors: fast-moving companies, often startups, focused on a particular innovative technology or process.
2 in 1: A Payment Processing Company & FinTech Company NYC, Priority Payment Systems Local
At Priority Payments Local, we are classified as both a payment processing company and a FinTech company and are sometimes called a “fintech company NYC” due to the service we provide to the City. In the merchant services industry the phrases “payment technology company” and “FinTech company” are used interchangeably. What makes us both:
A payment processing company. As an ISO of Priority Payment Systems that’s based out of Alpharetta, Georgia, we work with banks and card brands to process payments, connecting with First Data and TSYS – two of the largest payment platforms in the world.
A FinTech company. We have a wide range of payment technology for sale that our in-house implementations team programs and administers for each merchant we work with. This technology is then used to process payments. The three main FinTech equipment types in the market include:
While food and beverage was the first industry in NYC we were able to help, we have since extended our services to more than 15 different industries such as:
- Clothing stores
- Government
- Auto dealerships
- Auto repair shops
- Hair salons
- Non profits
Credit Card Processing Company Reviews
Learn what our merchants had to say about our fintech company NYC. Priority Payments Local’s credit card processing company reviews are available on our reviews page, Google, and Facebook. As of today, merchants have given us 4.7 out of 5 stars on Google. Here’s what a few merchants had to say:
There’s No Place Like NYC
Did you know?
- Times Square is named after The New York Times. Originally, it was known as Longacre Square until the Times moved there in 1904.
- You probably know NYC is famous for pizza but did you know it’s home to the first-ever United States pizzeria?
- More than 800 languages are spoken in New York City.
- New York City, not Washington D.C., was the first capital of the United States of America.
- The oldest building in New York City dates back to 1642.
- More than 8 million people live in New York City.
- New York City has 520 miles of coastline; that’s more than the coasts of Miami, Boston, Los Angeles, and San Francisco combined.
- There are more undergrad and graduate students in NYC than Boston has people.
Source: Tripster
[Get started: Contact us for a complimentary rate or equipment analysis to see if we are the right fintech company NYC for you.]
