Our banking and treasury technology solution powered by Priority Payment Systems is designed to help businesses accelerate cash flow, manage, and optimize working capital. It operates as a unified platform for storing, sending, and collecting money, integrating directly into business applications or as a standalone service.
Key Features of MX Passport
Integrated Banking
It provides businesses with a native platform to collect, store, and send money, fully integrated with their merchant processing.
High-Yield Savings
Through "Passport Cash Builder," users can earn competitive interest rates (e.g., 2.75% to 4.75% APY depending on liquidity holds) on idle funds.
Automated Reconciliation
It automates the reconciliation of transactions from authorization to settlement, reducing manual labor and friction.
Consumer & Commercial Accounts
The platform supports both commercial accounts for businesses and consumer accounts for individuals (often through employers), allowing for features like bill pay and integration with digital wallets like Apple and Google Pay.
Treasury Services
It allows for sophisticated cash management, including FDIC-insured savings and government-backed investments.
Passport acts as the financial backbone for the MX Merchant ecosystem. While MX Merchant handles the payment processing (billing, sales tracking, customer engagement), Passport manages the resulting cash flow, allowing for same-day funding and immediate access to capital.