ACIE Acies Corporation, through its subsidiary, Ac

ACIE Acies Corporation, through its subsidiary, Acies, Inc., provides payment processing solutions in the United States. Products and Services The company, through contractual relationships with third parties to whom it outsources the providing of certain services, offers solutions for payment processing, whereby it consults with merchants to determine their hardware and software needs; provide transaction authorization, settlement and clearing services; perform merchant acceptance and underwriting functions; program, deploy and install traditional and point-of-sale (POS) terminals; assist in the detection of fraudulent transactions; and provide customer and technical support and service on an on-going basis. The company’s payment processing services enable merchants to process Credit, Debit, Electronic Benefit Transfer (EBT), Check Conversion, and Gift & Loyalty transactions. Its card processing services enable merchants to accept traditional card-present transactions, including ‘swipe’ and contactless transactions, as well as card-not-present transactions made by Internet or by mail, fax, or telephone. The company outsources certain services to third parties, including the receipt and settlement of funds. In addition, it outsources for a fee certain underwriting and acceptance functions, insuring against risk for entire processed transaction amounts relating to merchant fraud. Target Markets The company provides services principally to small and medium-size merchants in retail, restaurant, supermarket, petroleum and hospitality sectors located across the United States. Its customers include professional service providers, hospitality merchants, food stores, gas stations and petroleum distributors, automotive sales and repair shops, apparel stores, and brick and mortar retailers. History Acies Corporation was founded in 1996.