In a recent development, prison technology leader, Securus Technologies acquired GovPayNet per its expansion and innovation plan that is aimed to rebrand the entire industry. According to my observation, the deal would enhance the payment service capabilities of Securus in the incarceration and government payment industry. GovPayNet is the premier debit and credit card payment provider remitting towards government agencies. It is known for offering various payment processing services including cash bail at courts, court fines and costs, parking and speed violations, real estate tax as well as property tax payments, and more. The firm provides its payment services to at least 2,300 governmental agencies in almost 35 states.
The President of the prison technology firm, Robert Pickens expressed his happiness and said that the management of Securus is highly excited to add GovPayNet to its list of product portfolios. The payment service provider has nearly two decades of expertise in the government payments sector and built a high level of business they can always be proud of with excellent team of associates, greater customer satisfaction, and highest-quality services. He added that Securus respects all these attributes of the payment solutions provider, and it wanted to enhance the competency in payment processing towards governmental agencies with the integration.
Pickens also confirmed that the integration of GovPayNet services helps Securus to process 40 million transactions per year. He explained the development plans of the prison technology provider in the payment process segment as well. Securus will make additional investments in people, product, and sales. I am impressed by the fact that Securus would combine the capabilities of JPay and work on creating additional segments in the payment processing market pertaining to governmental agencies. The firm wanted to improve its market share in the greatly rewarding sector, according to Pickens. Even GovPayNet management confirmed that it gets the option to expand its capabilities under the expert guidance and assistance of Securus.