Acies Corporation
Announces Partnership with Paymentech
NEW YORK, Jan. 20 /PRNewswire-FirstCall/ -- Acies Corporation (OTCBB
: ACIE), an emerging leader in payment processing and electronic
banking services to small- and medium-size merchants across the
United States, announced today that it has signed a Strategic
Partner Agreement with Paymentech, L.P.
By adding Paymentech as one of its
processing platforms, Acies is able to offer its customers a
more comprehensive service and product offering and expand its
growing Powerhouse Alliance. In addition to Paymentech, Acies is
currently a registered Member Service Provider of JPMorgan Chase
Bank.
"The Paymentech suite of solutions enables us to offer a more
robust product offering to our customers and partners," noted
Oleg Firer, CEO of Acies Corporation. "Through Paymentech,
customers of Acies can now enjoy access to increased online
transaction fraud protection, automatic recurring billing
capabilities, international currency processing, and
electronic/online check purchasing."
Firer continued, "This relationship is yet another stride
forward in strengthening our product offering to our customers.
We are very aggressive in pursuing additional relationships and
adapting to the new innovations in technology to provide our
customers the most comprehensive solutions for accepting
payments."
About Acies Corporation
Acies, Inc. ("Acies"), a wholly owned subsidiary of Acies
Corporation (OTCBB: ACIE), is a financial services company that
specializes in payment processing services and online banking
services to small-, medium- and large-size merchants across the
United States. Acies' payment processing services enable
merchants to process Credit, Debit, Electronic Benefit Transfer
(EBT), Check Conversion and Gift & Loyalty transactions. Acies
also offers traditional and next-generation point-of-sale
("POS") terminals, which enable merchants to utilize Acies'
payment processing services. Acies' banking services offer
customers traditional banking services, ability for customers to
apply for an on-line bank account and pay bills electronically.
For more information, visit http://www.aciesinc.com.
About Paymentech
Paymentech, L.P. processes more payment transactions than any
other company in North America -- and more than half of all
Internet transactions -- for retailers accepting U.S. and
international payments via traditional point of sale, Internet,
catalog and recurring payments. The privately held company,
founded in 1985, is an end-to-end processor for merchants of all
sizes and industries. Paymentech's 1,500 employees occupy
offices in multiple locations, including the Dallas
headquarters; New York; Salem, NH; Tampa, FL; and Tempe, AZ. In
2003, Paymentech and its Canadian affiliate, based in Toronto,
processed 7 billion transactions and $162 billion in card volume
in 14 currencies.
For More Information:
Oleg Firer, CEO
Acies Corporation
212-931-5188
212-202-6339 (fax)
oleg@aciesinc.com
Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity
and access to public markets, operating expense reduction, and
trends in the industry in which the Company operates. The
forward-looking statements contained in this press release are
also subject to other risks and uncertainties, including those
more fully described in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update these forward-looking statements to reflect
actual results, changes in risks, uncertainties or assumptions
underlying or affecting such statements, or for prospective
events that may have a retroactive effect.
