Official Payments Corporation ([www.officialpayments.com]) announced that eight Connecticut towns have signed service agreements with the company. Under these agreements, town citizens will be able to pay real estate, personal property, and motor vehicle taxes, as well as utility bills and various other fees, with their credit cards by visiting [www.officialpayments.com] or calling 1-800-2PAY-TAX. Annually, the towns collect approximately $188 million in these taxes and fees. American Express, Discover Card, MasterCard and Visa are the cards accepted by the programs. The new systems for the towns of Burlington, Cheshire, Coventry, Ledyard, Plymouth, Redding, Windham and Woodstock will be available in February 2002. With these new additions, Official Payments now serves 22 clients in the state of Connecticut in addition to the state itself. The company is headquartered in Stamford, CT.
“As our client list in our home state continues to grow, more citizens are able to pay local, state, and federal taxes and fees, through our secure Internet and telephone systems,” stated Thomas R. Evans, Chairman & CEO of Official Payments. “People appreciate the convenience of being able to make all of these payments with one company.”
Official Payments has similar agreements with more than 1,000 government entities in all 50 states. The company has contracts with the Internal Revenue Service, 20 state governments including the state of Connecticut, and the District of Columbia to collect taxes, fees, and fines by credit card over the Internet and telephone.
Official Payments charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at [http://www.officialpayments.com]. For example, a taxpayer who charged $4,000 in real estate taxes would find a total of $4,109 on their credit card statement: $4,000 for the tax bill and $109 for the convenience fee. Taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash back or airline frequent flyer miles for paying their taxes.
About Official Payments Corporation
Founded in 1996, Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to more than 1,000 government entities in all 50 states. The company’s principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. Official Payments has agreements to collect and process credit card payments with the Internal Revenue Service, 20 state governments, the District of Columbia, and over 1,000 county and municipal governments across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state and local government payments. Thomas R. Evans, the former President & CEO of the Internet Company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market.