Securus Technologies: Acquisition of GovPayNet

Securus Technologies: Acquisition of GovPayNet

Securus Technologies is one of the leading providers of technology that provides efficient solutions for areas including public safety and law enforcement. They are also operating as a business partner for correctional facilities and other government-related facilities that houses people who are going on probation. Recently, Securus Technologies announced their plans to venture into payment services, and early in 2018, they announced that they had acquired GovPayNet, and the payment processing company will now be a vital part of the company. Securus Technologies stated that the acquisition of GovPayNet is a part of its grand plan to expand their payment servicing business and to gain more profit through the services that they will offer.

 

 

GovPayNet is one of the leaders in the payment processing industry. They are recognized as a category leader offering some of the best solution-oriented processes and services. They are accepting credit and debit card for payments that are addressed to government agencies, and the company is also providing their customers with a payment processing service that can be directed to courts for their fines and other expenses. GovPayNet is also processing payments for bail, traffic violations, speeding violations, parking violations, and even the taxes for real estate and properties. The services provided by GovPayNet is available to over 2,000 agencies scattered in 35 different states across the country, representing roughly 26% of all the counties in the United States.

 

 

The current chief executive officer of Securus Technologies, Robert E. Pickens, stated that the company is excited to work with the executives from GovPayNet, and they are looking forward to doing business with the newly acquired company. He promised that excellent customer service will always be provided to their customers, and they will make sure that the payments will be processed on time. He added that the current technology available at Securus Technologies would be able to handle more than 40 million payments each year, and he is expecting that the market will continually grow through the years. The chief executive officer of GovPayNet, Mark MacKenzie, thanked Securus Technologies for the acquisition move and stated that he is hoping that the company will further grow under a new set of management.