VeriCheck Acquires Applied Payment Systems (ACHWorks)
January 12, 2022
VeriCheck, a payments processor and subsidiary of Commercial Bank of California, acquired Applied Payment Systems, LLC (dba ACHWorks). Generational Equity advised the seller and the deal closed on December 31, 2021; the acquisition adds ACH processing technology and capabilities to VeriCheck's payments platform.
- Buyers
- VeriCheck, Inc.
- Targets
- Applied Payment Systems, LLC (dba ACHWorks)
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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