Official Payments Corporation announced the company has signed an agreement with the State of Arkansas to collect Balance-Due Tax Payments, Estimated Tax Payments, Extension Tax payments, Payments and Sales & Use Tax Payments by credit card, via Internet and telephone. Taxpayers in Arkansas will be able to make these payments by visiting or [www.officialpayments.com] on the Internet or by calling toll-free 1-888-2PAY-TAX. The new payment channels for Tax Year 2000 are expected to go live later this year. Official Payments provides similar services to the Internal Revenue Service, the District of Columbia, and the states of California, Connecticut, Illinois, New Jersey, Minnesota and Oklahoma.
Official Payments will charge Arkansas taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found at . For example, a taxpayer who owed the Arkansas $900.00 and charged their taxes would find a total of $925.00 on their credit card statement: $900.00 for the tax bill and $25.00 for the convenience fee. American Express, 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 miles for paying their taxes. The State of Arkansas will only accept credit card tax payments over the telephone or Internet. In-person credit card payments will not be accepted. Official Payments expects to announce Q2 2000 financial results, after the close of the equity markets on Tuesday, July 25, 2000.
About Official Payments Corp.
Official Payments Corp. 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, Minnesota and over 500 municipal and county entities, in which it collects 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.