CSG Acquires iCheckGateway.com (iCG Pay)

Payroc Acquires ACHeck21

July 14, 2021

Payments & Fintech

Payroc WorldAccess (Payroc), a global payments processor, has acquired DCS Holdings Group, LLC d/b/a ACHeck21, a St. Charles, Missouri-based provider of ACH, check capture and verification technology. The acquisition expands Payroc's integrated payments capabilities by adding ACHeck21's eCheck/ACH platform and open API to Payroc's card and eCheck offerings.

Payroc Acquires Gateway Payments, LLC

February 28, 2020

Payments & Fintech

Payroc, a Tinley Park-based merchant acquirer and payment processor, has acquired the assets and operations of Gateway Payments, LLC, an independent sales organization based in Destin, Florida. The deal (closed Feb. 28) brings Gateway Payments' sales personnel and merchant portfolio in Gulf Coast markets into Payroc's merchant acquiring platform to accelerate regional growth.

Cornerstone Global Management Acquires Paydrop

March 28, 2022

Payments & Fintech

Cornerstone Global Management, Inc. has acquired Paydrop in a cash-and-stock transaction, integrating Paydrop’s leadership and payment capabilities into Cornerstone’s Hedge payroll-to-crypto conversion platform. The deal expands Cornerstone’s ability to offer crypto and blended fiat/crypto payment services to freelancers, gig workers and traditional employers across the United States.

VeriCheck Acquires Applied Payment Systems (ACHWorks)

January 12, 2022

Payments & Fintech

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.

REPAY Acquires CPS Payment Services

October 27, 2020

Payments & Fintech

REPAY Holdings Corporation agreed to acquire Atlanta-based CPS Payment Services for up to $93 million, with $78 million paid at closing and up to $15 million in earnouts. The acquisition expands REPAY's B2B payments and accounts-payable automation capabilities and brings CPS's enterprise client base and ERP-integrated AP automation technology into REPAY's product suite.

Paya (GTCR-backed) Acquires The Payment Group from Thompson Street Capital Partners

October 1, 2020

Payments & Fintech

Atlanta-based payments provider Paya, backed by private equity firm GTCR, has acquired The Payment Group (TPG) from Thompson Street Capital Partners for $21 million. The acquisition strengthens Paya’s government and utilities payments footprint—notably expanding its presence in Texas—and brings TPG’s ~600 municipal customers onto Paya’s platform.