IRS Awards Multi-Year E-Payment Contract to WorldPay
The Internal Revenue Service
Awards WorldPay a Multi-Year Contract to Process Individual and Business
Tax Payments Using a Credit Card or Debit Card Beginning in January 2010.
ATLANTA, Aug. 25 /PRNewswire/ --
WorldPay, Inc. today announced that it has been awarded a multi-year
contract by the Internal Revenue Service (IRS) to provide electronic payment
solutions for individual and business taxes. WorldPay, in partnership
with Value Payment Systems, LLC, will begin processing tax payments through www.payusatax.com and 844-PAY-TAX-8 (844-729-8298) starting on January 1,
2010. Through the WorldPay tax payment services, taxpayers will be able
to make payments to the IRS securely with various credit cards, debit cards
and emerging payment methods for less than any other federal tax electronic
payment service provider.
Through the WorldPay service,
individual taxpayers may make secure tax payments for the following federal
tax types beginning in January 2010:
- Form 1040 Series (including Prior
- Estimated Taxes (Form 1040ES)
- Installment Agreement
- Form 4868 (Tax Extension)
- Trust Fund Recovery Penalty
- Form 1040X (Amended Tax
- Form 5329 - Additional Taxes
on Qualified Plans and Other Tax-Favored Accounts (Return for Individual
Retirement Arrangement Taxes)
Businesses can make secure credit
card payments for their taxes, including:
- Form 940 Series - Employer's
Annual Federal Unemployment Tax Return
- Form 941 Series - Employer's
Quarterly Federal Tax Return
- Form 943 Series - Employer's
Annual Federal Tax Return for Agricultural Employees
- Form 944 Series - Employer's
Annual Federal Tax Return
- Form 945 Series - Annual
Return of Withheld Federal Income Tax
- Form 1065 - U.S. Return of
- Form 1041 - U.S. Income Tax
Return for Estates and Trusts
"Consumers and businesses
alike are now able to pay their taxes and fees online via their credit or
debit card," said Ian Stuttard, president and CEO of WorldPay.
"It's safe, secure and convenient. WorldPay has been providing
comprehensive, electronic payment processing for merchants for over twenty
years. We currently process billions of dollars in payments annually, and
government payment processing is a high-growth business where we anticipate
making an impact. By partnering with Value Payment Systems, we were able to
combine their management team's extensive experience in handling government
payments, in particular with the IRS, with our secure processing platform.
This is truly a winning combination."
Taxpayers using credit cards and
debit cards through the WorldPay service may be eligible to receive
points or benefits in reward programs connected with the use of their card.
Taxpayers should check with their card issuer for details regarding reward program
eligibility. The IRS has determined that convenience fees incurred by
qualifying individuals and business taxpayers may be deductible. To help
taxpayers save time and avoid potential late fees, users of the internet
payment site, www.payusatax.com,
will be able to schedule automated payments and set future payment e-mail
About Value Payment Systems
Value Payment Systems provides
electronic payment products and services to various industries including
government and property management. Value Payment Systems' comprehensive
e-payment services encompass a wide array of payment channels including the
Internet as well as emerging payment methods such as Bill Me Later. For more
information, visit www.valuepaymentsystems.com.
About WorldPay, Inc.
WorldPay is a leading,
single-source provider of electronic payment processing services - including
credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards,
fleet cards, ATM processing and cash management services.