DALLAS, January 12, 2022–(BUSINESS WIRE)–Generational Equity, a leading M&A advisor to private companies, is pleased to announce the sale of its client Applied Payment Systems, LLC to VeriCheck, Inc. The acquisition closed on December 31, 2021.

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 Clearing House (ACH) is an electronic payment system that 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 rapidly growing alternative to credit card processing and handles billions of payments each year.

The Company’s proprietary systems and software provide enterprises with secure and robust access to the ACH network, either through a flexible interface and integration with existing accounting platforms, depending on software provided by partner enterprises of APS or by means of the most elementary autonomous systems. . Highly complex programs translate an array of electronically funded transactions into seamless automated payments for its customers. APS systems offer a comprehensive menu of ACH payments applicable to a variety of business environments.

The company has been involved in the Automated Clearing House (ACH) Electronic Funds Transfer (EFT) business since 1993. Over the past 9 years, the company has processed over 90 billion transactions. The company has created “next generation ACH software” that fully integrates with existing financial systems, accounting systems and enterprise platforms while easily reconciling monthly bank statements with internal accounting systems.

Based in Atlanta, Georgia, VeriCheck has been a leader in ACH payment processing for over 30 years. The company’s proprietary payment processing platform enables a business to accept ACH payments to get paid faster with the most secure payment technology available. VeriCheck’s solutions offer customers out-of-the-box, turnkey or customizable options. VeriCheck is a wholly owned subsidiary of Commercial Bank of California.

Generational Equity Executive Managing Director of Mergers & Acquisitions – Western Region, Stephen Crisham, and his team, led by Managing Director of Mergers & Acquisitions, James Hermann, with support from the Vice President – Western Region , Bo Zhao completed the transaction. Executive Managing Director Tom Braun established the initial relationship with ACHWorks.

“This transaction went very smoothly from start to finish, thanks to the professionalism with which seller and buyer representatives worked and interacted,” Hermann said.

About Generational Equity

Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group and DealForce are part of Generational Group, headquartered in Dallas and one of the leading M&A advisory firms in North America.

With more than 250 professionals in 16 offices across North America, the companies help business owners unlock the wealth of their business by providing growth advisory, merger, acquisition and wealth management services. Their six-step approach includes strategic and tactical growth advice, exit planning training, business valuation, value enhancement strategies, M&A transactional services and wealth management. .

The M&A Advisor has named Investment Banking Firm of the Year three years in a row and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the room Generational Equity press.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220112005378/en/

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