Securus Technologies is known for innovation since the firm founded a few decades back. I must say that the technology innovations of the firm is leading the industry as a whole and shaping it for the requirements of the future. In order to advance in the government payment solutions sector, the company bought GovPayNet, a firm known for highest class payment servicing business, in the early January 2017. Interestingly, GovPayNet is the leader in debit and credit card payments that are towards governmental agencies. Using the company platforms, people can make various payments such as court charges and fines including cash bail, various traffic charges including parking and speeding violations, and real estate tax payments.
While coming to the business of the firm, it offers its services to more than 2,300 agencies that are spread over 35 states of the country. I see that it is covering over 26% of the entire counties in the country. While discussing the transaction, Robert E. Pickens, the President of Securus, confirmed that the firm is elated to add GovPayNet services to the company’s portfolio of products. He further added that GovPayNet comes with more than two decades of service in the sector and credited with creating the business with an excellent team of associates, great customer satisfaction, and high-quality services.
Pickens explained his thoughts about the acquisition and said that Securus wants to build its core competency in offering payment solutions connecting both customers and governmental agencies. He also added that the acquisition of GovPayNet has helped Securus to expand its capacity significantly, and currently, it processes over 40 million payments or transactions per annum. With combining products and solutions of GovPayNet and JPay, making significant investments in innovation and research efforts, the firm wants to significantly grow its market share in the attractive government payment sector.