Banc of California acquires Deepstack in payment processing play
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Banking news
Banc of California recently confirmed that it has acquired the payments platform and technology of Global Payroll Gateway.
Banc of California, Inc. (NYSE: BANC) (the “Company”), the parent holding company of Banc of California, N.A. (the “Bank”), today announced that the Bank has acquired the payments platform and technology of Global Payroll Gateway, Inc. and its wholly-owned subsidiary, Deepstack Technologies, LLC (collectively, “Deepstack”) for $24 million in cash and stock.
Santa Ana-based Banc of California said late last week that it has acquired Deepstack Technologies, a developer of software for merchant processing, payments acceptance and disbursement, virtual a
Banc of California, Inc. BANC (the "Company"), the parent holding company of Banc of California, N.A. (the "Bank"), today announced that the Bank has