Acies Corporation Announces Partnership with Paymentech

Acies Corporation Announces Partnership with Paymentech NEW YORK, Jan. 20 /PRNewswire-FirstCall/ -- Acies Corporation (BULLETIN BOARD: 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 (BULLETIN BOARD: 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. Source: Acies Corporation CONTACT: Oleg Firer, CEO, Acies Corporation, +1-212-931-5188, or fax, +1-212-202-6339, or oleg@aciesinc.com Web site: http://www.aciesinc.com/ ------- Profile: International Entertainment