"I equate OPAY to STMP being in the right place, at the right time, with virtually no competition."
Absolutely. While others are working on competing systems, OPAY is going to have a first to market advantage. Having Evans on board adds credibility. Excerpts from the S-1:
"Our pilot program for personal federal income taxes processed approximately 45,000 tax filings totaling more than $174 million in credit card payments to the IRS from January 15, 1999 to April 15, 1999. According to IRS data, we captured a 95% market share, based on dollar volume, for credit card payments of personal federal income taxes due April 15, 1999. We also processed over 293,000 payments totaling $82.7 million during the first nine months of 1999 for our state and municipal government clients."
and my personal favorite:
"The IRS has informed us that it plans to include our 1-888-2PAY-TAX SM number on instruction booklets for Form 1040 for the 1999 tax year and on the IRS Web site. We believe that by featuring us on their billing statements and instruction booklets, government entities increase consumer awareness of, and confidence in, our services." |
