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Acies Corporation operates as a financial services company. The company, through its wholly owned subsidiary, Acies, Inc., provides payment processing and online banking services to small, medium, and large-size merchants across the United States. Its processing services include acceptance and underwriting of merchants, detection of fraudulent transactions, and receipt and settlement of funds. The company’s payment processing services enable merchants to process credit, debit, electronic benefit transfer, check conversion, and gift and loyalty transactions. Acies also offers point-of-sale terminals, which enable merchants to utilize its payment processing services. In addition, the company offers personal and business banking products and services that enable customers to apply for an online bank account and pay bills electronically; financing solutions, which include accounts receivable financing, business lines of credit, and equipment leasing; and contact less payment solutions and signature capture solutions. It offers its services to small to medium size merchants in retail, restaurant, supermarket, petroleum, and hospitality sectors. Acies was formed in 1996 and is headquartered in New York City.
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