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Official Payments Signs Largest County in Idaho.

Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 16, 2001

Ada County To Offer Real Estate Tax Payments Via Internet & Telephone

Official Payments Corporation (Nasdaq: OPAY) announced today that Ada County, ID has signed a service agreement with the company. This agreement will enable citizens to pay real estate tax obligations over the Internet by visiting, or via telephone by calling toll-free 1-800-2PAY-TAX. The programs will commence at the end of November. Official Payments has similar agreements with over 900 government entities within 49 states across the country. The company has contacts with the Internal Revenue Service, 18 state governments, and the District of Columbia to collect taxes, fees, and fines by credit card over the Internet and telephone.

Ada County, home to the capital city of Boise, is the largest of 44 counties in the state of Idaho. The county's population has increased nearly 50% in the past ten years to over 300,000 people. Last year, Ada County collected over $255 million in real estate taxes. Real estate bills will be mailed to taxpayers at the end of November and are due in two installments. The first installment is due December 20, 2001 and the second installment is due June 20, 2002.

"Ada County is an important win for us within the state of Idaho. We have 39 other city and county clients within the state, and we believe that the satisfaction of those clients and the taxpayers they serve helped us secure this account," stated Thomas R. Evans, Chairman & CEO of Official Payments.

"Our goal is to provide taxpayers with convenient new ways to satisfy their tax obligations - over Internet or telephone. We believe that credit card payment will be an attractive option for many taxpayers," said Ada County Treasurer Lynda Fischer.

Official Payments charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at For example, a taxpayer who owed $2,000 in real estate taxes and charged their taxes would find a total of $2,068 on their credit card statement: $2,000 for the tax bill and $68 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

Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to government entities. 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. The company is unequaled in market penetration and national footprint. Official Payments has agreements to collect and process credit card payments with the Internal Revenue Service, 18 state governments, the District of Columbia, and over 900 county and municipal governments in 49 states across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state and local government payments.

Official Payments was founded in the San Francisco Bay area in 1996. 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. The company's success in new client acquisition, increasing business with its existing clients and in building consumer awareness can be attributed to the combination of an enormous market opportunity with a highly skilled and experienced management and staff, aggressive sales and marketing, and a core competency in developing and implementing leading-edge technical systems.

Note: Official Payments Corp. and the Official Payments Corp. logo are service marks of Official Payments Corporation.
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Publication:Business Wire
Date:Oct 16, 2001
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