DLA Piper represented CheckAlt, a leader in mobile payment and processing solutions, in its acquisition of Klik Technologies, Corp., a wholly owned subsidiary of MUFG Union Bank, N.A.
The acquisition further strengthens CheckAlt’s position as a leading provider of payment solutions for financial institutions nationwide. The combined company has a staff of approximately 300 with 17 processing sites and will service close to 500 financial institutions and hundreds of corporate customers. The company’s solutions enable financial institutions and corporate clients to optimize the customer experience from any point of presentment, whether at the branch, ATM, online, customer location or on-the-go via mobile banking solutions.
The DLA Piper team advising CheckAlt included partners Victoria Lee, Sherman Chu and Cisco Palao-Ricketts; of counsel Cathryn Le Regulski; and associates SeoJung Park, Tzung-bor (Chung) Wei, Eric Chow and Elena Nrtina, all of Silicon Valley.