Excel Corp (EXCC) Financial

Excel Corp. engages is the merchant servicing business. The company is headquartered in New York City, New York. The company went IPO on 2011-12-19. The firm provides these services through its subsidiary, eVance Processing Inc. (eVance). Through its eVance subsidiary, the Company provides an integrated suite of third-party merchant payment processing services and related software enabling products that deliver credit and debit card-based Internet payments processing solutions primarily to small and mid-sized merchants operating in physical brick and mortar business environments, on the Internet and in retail settings requiring both wired and wireless mobile payment solutions. The firm is offering merchant cash advances and loans through its Excel Business Solutions Inc. subsidiary, doing business as eVance Capital. The company also operates as a wholesale Independent Sales Organization (ISO), generating individual merchant processing contracts in exchange for future residual payments.