Official Payments Corporation, the leading provider of electronic payment options, announced that the state of Wisconsin has expanded its service agreement with the company.
Commencing in mid-December, the state of Wisconsin will be accepting credit card payments for income tax billing.
When a taxpayer underpays their income tax to the state of Wisconsin, the state issues a bill to the taxpayer that must be paid by the due date. Taxpayers will be able to make their bill payments by visiting [www.officialpayments.com] on the Internet or by calling 1-800-2PAY-TAX(SM). American Express, Discover Card and MasterCard are the cards accepted by the programs. Official Payments Corp. provides services for more than 1,000 government entities in all 50 states, the Internal Revenue Service, 19 state governments and the District of Columbia. “We are pleased to expand our services to the citizens of the state of Wisconsin,” stated Thomas R. Evans, Chairman & Chief Executive Officer of Official Payments Corp. “With the addition of this new payment category, income tax billing, along with existing categories, creates an incremental market opportunity of over $1.7 billion in the state of Wisconsin,” Evans added. Official Payments charges taxpayers a 2.5% convenience fee for processing these credit card transactions. 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 owed an additional $500 in taxes and charged their taxes would find a total of $512.50 on their credit card statement: $500 for the tax bill and $12.50 for the convenience fee. Depending on their credit card program, taxpayers using credit cards with bonus rewards programs may be eligible to earn rewards points, cash-back or airline frequent flyer miles in return 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, 19 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.