Point-of-Sale (POS) Systems
Payroll Services
Gift &Reward cards
Merchant Cash Advance
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Company type | Private company |
---|---|
Industry | Financial services, point-of-sale (POS) solutions, Payroll |
Founded | 2000 |
Headquarters | , |
Services | Merchant Services Point-of-Sale (POS) Systems Payroll Services Gift & Reward cards Merchant Cash Advance ATM Services |
Owner | Lazaros Kalemis |
Number of employees | 65 |
Website | www |
Simpay (formerly Alpha Card Services, but legally still Alpha Card Services, LLC) is a United States–based company that provides card processing services, payroll, Point of sale (POS) systems, gift and reward cards, ATM services, and merchant cash advances to smaller businesses in a wide variety of industries in the United States. [1]
Founded in 2000, Simpay is headquartered in Trevose, Pennsylvania, with a satellite office in Rocklin, California.
The firm is a registered as an Independent Sales Organization and Merchant Services Provider (ISO/MSP) with Wells Fargo Bank. [2]
In addition to its staff, the firm partners with independent resellers, agents, and other ISOs around the country who sell the product line to local merchants, businesses, and professional firms.
Alpha Card Services was founded by Lazaros Kalemis and Dimitrios Tsikoudis in October 2000 in Philadelphia, Pennsylvania. In 2005, the company moved to a larger location in Huntingdon Valley, Pennsylvania. [3]
In May 2006, Alpha Card Services added its first new service line – Alpha ATM Services; in 2011 it added POS Services and Payroll Services. These services include card processing and merchant cash advances.
Alpha Card Services was listed as one of Inc. Magazine’s 500 fastest-growing privately held companies in the United States for three years. [4] 2007 (#99), [5] 2008 (No. 292), [6] 2009 (No. 416) [7]
December 2012, the firm acquired Comstat Payroll, based in St Louis, Missouri. [8]
In June 2013, the company moved its headquarters to its current facility in Trevose, Pennsylvania.
In October 2017, the company rebranded itself to the marketplace as Simpay.
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card, but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase.
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Heartland Payment Systems, Inc. is a U.S.-based payment processing and technology provider. Founded in 1997, Heartland Payment Systems' last headquarters were in Princeton, New Jersey. The company was acquired by Global Payments for $4.3 billion in 2016.
The payment card industry (PCI) denotes the debit, credit, prepaid, e-purse, ATM, and POS cards and associated businesses.
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A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services, or withdraw cash, on credit. Using the card thus accrues debt that has to be repaid later. Credit cards are one of the most widely used forms of payment across the world.
Block, Inc. is an American technology company that offers financial services to both consumers and small and medium-sized businesses (SMBs). Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2023, Block serves 56mn users and 4mn businesses, processing payments worth $228bn annually.
Worldpay is an American multinational financial technology company and payment processing company. Worldpay provides payment and technology services to merchants and financial institutions globally generating 40 billion transactions across 146 countries and 135 currencies.
Lazaros Kalemis is a first-generation Greek-American businessman. He is the founder and chief executive officer of Simpay, a payment processing and merchant business solutions company headquartered in Huntingdon Valley, Pennsylvania, which was previously known as Alpha Card Services.