Simpay (company)
| Company type | Private |
|---|---|
| Industry | Payment processing, payroll, point-of-sale technology, financial services |
| Predecessor | Alpha Card Services |
| Founded | October 1, 2000 in Philadelphia, Pennsylvania, United States |
| Founder | Lazaros Kalemis, Dimitrios Tsikoudis |
| Headquarters | Trevose , United States |
Area served | United States |
| Products | Card processing, payroll solutions, POS technology, gift and reward card programs, ATM services, merchant cash advances |
| Website | simpay |
Simpay—previously known as Alpha Card Services and legally registered as Alpha Card Services, LLC—is an American enterprise specializing in card processing, payroll solutions, point-of-sale (POS) technology, gift and reward card programs, ATM services, and merchant cash advances. Its primary clientele consists of small businesses spanning various sectors.
Established in 2000, the company is headquartered in Trevose, Pennsylvania with an additional office located in Rocklin, California. Functioning as an Independent Sales Organization and Merchant Services Provider (ISO/MSP), Simpay holds registration with Wells Fargo Bank. The business distributes its services through a broad network of independent resellers, agents, and ISOs across the United States, targeting local merchants and professional service providers.
History
Alpha Card Services was launched in October 2000 by Lazaros Kalemis and Dimitrios Tsikoudis in Philadelphia, Pennsylvania. In 2005, the organization expanded by moving into a larger space situated in Huntingdon Valley, Pennsylvania.
The company broadened its portfolio in May 2006 by introducing Alpha ATM Services. By 2011, it had incorporated POS systems and Payroll Services alongside its existing card processing and merchant cash advance offerings. Alpha Card Services earned recognition on Inc. Magazine’s annual list of the fastest-growing privately held firms in the U.S. for three consecutive years: ranking #99 in 2007, #292 in 2008, and #416 in 2009.
In December 2012, the company acquired Comstat Payroll, headquartered in St. Louis, Missouri. The corporate headquarters transitioned to Trevose, Pennsylvania in June 2013. To align more closely with its evolving market identity, the company rebranded as Simpay in October 2017.