VeriCheck announced its acquisition of Applied Payments, LLC, dba ACHWorks (ACHWorks). VeriCheck, Inc. is a market leader in payments and financial technologies. ACHWorks, on the other hand, is a technology business and a supplier of Automated Clearing House (ACH) payment services.
VCI will merge ACHWorks' personnel and technology to provide clients with a comprehensive suite of payments and fintech solutions that enables businesses to develop. The company will integrate all technology and team resources in order to expand VCI's offerings and establish a world-class customer service team in the United States.
"The acquisition of ACHWorks will deliver important benefits to our combined clients through our broader product mix, expanded technology solutions, and increased operating leverage."
Don Singer, CEO of VeriCheck
ACHWorks provides advanced payment technology that enables business transactions to be processed over the ACH Network.
"In VCI, we have found a partner with complementary business lines that also shares our commitment to advanced technology and outstanding customer service," said Ryan McCurry, president of ACHWorks.
The VCI team has been working on the first Microsoft Azure-based ACH payment platform. Veer is a highly customizable ACH solution that enables businesses to swiftly transition to a platform that enables them to develop their business while saving time and money. VEER will replace VCI's existing ACH processing system with customizable APIs, a free web platform, and off-the-shelf options for businesses with diverse needs.
"VCI has been a leader in payments solutions for more than 30 years, and we could not be more excited to combine the ACHWorks and VCI resources," said McCurry.
"On behalf of all of us at VCI, I want to welcome ACHWorks' talented employees and loyal customers to the team. We look forward to a smooth integration of our two organizations," said Singer.