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Generational Equity Advises Applied Payment Systems in its Sale to VeriCheck.

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Vincent

MANews-(C)2009-2022

US-based mergers and acquisitions advisor Generational Equity advised US-based technology company Applied Payment Systems, LLC in its sale to US-based payments processing company VeriCheck, Inc, the firm said.

Applied Payment Systems, (dba ACHWorks), located in Gold River, California is a technology company providing solutions for electronic payments using the ACH network.

The Automated Clearinghouse is an electronic payment delivery system which processes electronically originated credit and debit transfers for institutions nationwide.

ACH payments are payments that are processed using a customer's bank account and routing information.

ACH is a growing alternative to processing credit cards and handles billions of payments annually.

The company has been involved in the Automated Clearing House Electronic Fund Transfer business since 1993.

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