OPAY gets extension of IRS contract:
biz.yahoo.com
Official Payments Extends IRS Contract
STAMFORD, Conn.--(BUSINESS WIRE)--March 7, 2001--
Nasdaq:OPAY Will Collect Credit Card Tax Payments for 2001 Tax Year
Official Payments Corporation (NASDAQ: OPAY), the leading provider of electronic payment options to government entities, announced today the Internal Revenue Service has exercised its option for a one year extension the company's contract to collect and process individual income tax payments by credit card over the Internet and telephone.
The current contract authorizes Official Payments to provide a service which allows taxpayers to make tax year 2000 Form 1040 Balance Due Payments, filing and payments with Form 4868 Extension of Time to File, and 2001 Form 1040ES Estimated Payments on the Internet at www.officialpayments.com or by telephone at 1-800-2PAY-TAX. The new award extends the current agreement for an additional calendar year. In addition to the IRS, Official Payments has similar agreements with 17 state governments and over 700 counties and municipalities across the United States. In 2000, Official Payments collected and processed over $925 million in credit card payments on behalf of its federal, state, and local government clients.
"We are gratified and pleased with the new award from the IRS. It is encouraging when your largest client renews your business," said Thomas R. Evans, Chairman & CEO of Official Payments. "With our busiest season ahead of us, our momentum is strong. This time last year we had six state clients and 450 county and municipal clients. Today we do business with 17 states and well over 700 counties and municipalities. We attribute our market-leading position and success to a highly developed knowledge base and core competency in delivering a unique service to government organizations and their constituents," Mr. Evans added. |
