A Debit Card Tax Payment First: LINK2GOV's New "incometaxpayment.com" Gives Tax Payment Peace of Mind Without Giving Up a Piece of Your Wallet.incometaxpayment.com enables taxpayers to make Federal balance-due tax payments with their debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. for a fixed convenience fee of $2.95 MILWAUKEE -- Benjamin Franklin once said, "In this world nothing is certain but death and taxes," but he didn't live to see incometaxpayment.com by LINK2GOV. If he had, he might have amended his adage to "Odeath, taxes and a $2.95 flat fee for Federal balance-due tax payments, no matter the amount, when initiated with a debit card at incometaxpayment.com." LINK2GOV, an IRS-authorized payment provider, is a business unit of Metavante Corporation Metavante is a company that provides financial technology services and software to its customers, consisting primarily of small to large sized financial institutions. The $1.5 billion organization is headquartered in Milwaukee, Wisconsin and employs over 5,600 employees in 35 U.S. , the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE NYSE See: New York Stock Exchange :MI). Processing credit and signature debit card Federal balance-due tax payments at PAY1040.com and 888-PAY1040 since 2003, LINK2GOV now delivers another industry-first to taxpayers initiating card-based payments. Never before has PIN-less debit been a card option for Federal balance-due tax payments; and the $2.95 convenience fee charged at incometaxpayment.com is the only flat-fee option available anywhere. Payments made at incometaxpayment.com are authorized in real time and the payment date is the same date the transaction was successfully completed. "LINK2GOV has added a layer of financial responsibility to card-based tax payments that didn't exist prior to incometaxpayment.com," said Ed Braswell, president, LINK2GOV. "With this new service, taxpayers can take advantage of the debit networks and use their debit card to send a balance-due payment that draws directly from their checking account, instead of adding more debt on a credit card. For $2.95, they're getting savings instead of credit card fees and the peace of mind knowing the bill has been instantly paid." LINK2GOV's incometaxpayment.com also delivers savings when compared with making Federal balance-due tax payments by check. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. pricing, a Federal tax payment sent Certified Mail certified mail n. Uninsured first-class mail for which proof of delivery is obtained. certified mail (US) n → Einschreiben nt , with a Return Receipt by mail, costs $4.25 not including postage. Proprietary LINK2GOV user-survey data,1 collected during 2006, reveals a desire for convenience when initiating Federal balance-due tax payments with LINK2GOV. When asked why they used LINK2GOV's card-based service via the Internet, nearly 87 percent of users pointed to either "convenience" or "running out of time to make the payment." Less than three percent of the respondents stated that they used the service for short-term financing. "Research indicates the percentage of Americans owing Federal taxes and the amount owed is on the rise," said Frank D'Angelo, group president, Metavante Payment Solutions. "With an expanding pool of taxpayers and our own customers voting for convenience, this is the perfect time to make card-based federal tax payments more affordable and financially responsible than ever before." Debit cards eligible for use at incometaxpayment.com must participate in at least one of the following payments networks: NYCE See New York Cotton Exchange. NYCE See New York Cotton Exchange (NYCE). , Star or PULSE. Participation is usually indicated by the network logo(s) that appear on the back of a check, debit or ATM card An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: The following Individual and Business Federal balance-due tax payments can be initiated at incometaxpayment.com. Individual Tax Payments: 1040 (all types), Balance Due Notice, 1040ES Estimated, Prior Tax Year, 4868 Automatic Extension, Form 1040 Installment Agreement, Form 1040 Advanced Payment of a Determined Deficiency, and Trust Fund Recovery Penalty. Business Tax Payments: Form 941 Employer's Quarterly Federal Tax, Form 940 Employer's Federal Unemployment (FUTA FUTA Federal Unemployment Tax Act (US) ) Tax and Form 944 Employer's Annual Federal Tax. As an added benefit, the convenience fee for business tax payments is tax deductible to the full extend permitted by law. LINK2GOV, a Metavante company, has been providing comprehensive, customized electronic service applications for government agencies since 1995. In addition to the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. payment services, LINK2GOV also facilitates the collection of state income taxes, real estate taxes, utility bills, vehicle registrations and driver's license Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something renewals, parking tickets, traffic citations, tuition payments, court fees and fines, hunting and fishing licenses, as well as various business licenses. Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN debit network in NYCE, online bill payment, a complete suite of payment cards and automated clearing house See ACH. (ACH) processing. Metavante helps clients grow revenue by capitalizing on the expanding electronic payments markets including financial, healthcare and government payments. About Metavante Metavante Corporation delivers banking and payments technologies to financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. , consumer healthcare payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE:MI). 1Collected from over 26,800 survey respondents who utilized LINK2GOV's PAY1040.com service during calendar year 2006. Certified Mail is a trademark of the United States Postal Service; Metavante, Link2Gov, PAY1040.com and NYCE are registered trademarks of Metavante Corporation. |
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