Official Payments Expands California Contract; Balance Due, Delinquent, Estimated and Extension Tax Payments can be paid by Credit Card.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 21, 2000 Official Payments Corporation [www.officialpayments.com] (Nasdaq:OPAY) announced today the company has been awarded additional contracts with the Franchise Tax Board of California. These new contracts will allow California Tax Payers tax payer n → contribuyente m/f tax payer n → contribuable m/f tax payer n → contribuente to pay their 1999 balance due taxes and extension income tax payments by credit card over the Internet or telephone. The company's previous contracts were for the processing of credit card payments for delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent. DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty. taxes and quarterly estimated payments. Official Payments Corp. also processes credit card tax payments for the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Internal Revenue Service, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and the states of Connecticut, Illinois, New Jersey and Oklahoma. California taxpayers can pay 1999 personal income tax liabilities, quarterly, delinquent and automatic extension payments by dialing 1-888-2PAY-TAX.(SM) or by visiting www.OfficialPayments.com on the Internet. Information on the new payment options has been included in tax instructions, which were mailed to consumers by the California Franchise Tax Board The California Franchise Tax Board (FTB) collects state personal income tax and corporate income tax of California.[1] History In 1879 California adopted its state constitution which among many other programs created the State Board of Equalization and the . &uot;We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the California Franchise Tax Board has expanded the scope of our business relationship,&uot; said Thomas R. Evans, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Official Payments. &uot;Our earlier contracts offered toll-free telephone tax payments channels. The new award expands our offering to the balance due and extension categories and also includes a new Internet See Web 2.0 and Internet2. payment component. So now, California taxpayers can make their balance due, delinquent, estimated and extension tax payments in a convenient, safe, reliable and secure environment either over the telephone or on the Internet,&uot; Mr. Evans, added. The State of California collects more taxes than any other state in the country and is second only to the Internal Revenue Service in income taxes collected. Last year, 3 million taxpayers in California made balance due tax payments with an average obligation of $1204.00 to the state treasury. 450, 000 automatic extensions were filed representing $1.9Billion. 3.7 Million taxpayers made payments representing $7.8Billion. In aggregate, this represents a total market of more than $12Billion in government obligations in California. Official Payments Corp. charges consumers a convenience fee for processing these credit card transactions. The fee schedule can be found at www.officialpayments.com. For example, a taxpayer who owed the government $990.00 and charged their taxes would find a total of $1015.00 on their credit card statement: $990.00 for the tax bill and $25.00 for the convenience fee. American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , Discover Card and MasterCard are the credit cards accepted by the program. 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 frequent flyer Hospital practice A popular term for a Pt who is regularly admitted to a particular ER or health care facility, for various reasons miles for paying their taxes. About Official Payments Corp. Official Payments Corporation (formerly U.S. Audiotex Corporation) is a leading provider of electronic payment options to government entities. The company enables consumers to pay government fees and taxes via telephone or the Internet, using their credit cards. The company has partnered with the United States Internal Revenue Service, several state governments, including California, Connecticut, District of Columbia, Illinois, New Jersey and Oklahoma, and 450+ municipal and county entities, in which it collects income taxes, property taxes, real estate taxes, parking fines and other government fees by credit card over the telephone and the Internet. The company is publicly traded on Nasdaq under the symbol OPAY. Official Payments Corp. is committed to making payments to the government go fast, smart and safe. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: The forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this press release are subject to substantial risks and uncertainties that could cause actual results to differ materially. Potential risks and uncertainties include, among other things: General economic and business conditions; major systems failures; constraints in capacity; trends in the Internet industry; rapid technological changes; maintenance of government contracts; increased competition; and unanticipated problems encountered in year 2000 readiness. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release. |
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