Stax Payments Acquires Atlantic-Pacific Processing Systems (APPS)

Stax Payments has acquired Atlantic-Pacific Processing Systems (APPS) to integrate APPS’s processing capabilities into a unified, end-to-end payments platform branded as Stax Processing. APPS leadership (including CEO Abe Maghaguian and COO Sarah Gerald) and nearly 50 APPS team members will join Stax as the companies complete integration through 2024 to expand Stax’s processing, data reporting, and multi-channel capabilities.