| Business Summary | | Official
Payments
Corporation
is
a
provider
of
electronic
payment
options
to
government
entities,
enabling
consumers
to
use
their
credit
cards
and
PIN-less
debit
cards
to
pay,
by
the
Internet
or
the
telephone,
personal
federal
and
state
income
taxes,
sales
and
use
taxes,
property
taxes,
tuition
payments,
motor
vehicles
fees,
fines
for
traffic
violations
and
parking
citations
and
other
government-imposed
taxes
and
fees.
The
Company
also
processes
payments
made
by
individuals
or
small
businesses
using
the
American
Express
Card,
MasterCard,
VISA
card
and
the
Discover
card. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OPAY
is
a
provider
of
electronic
payment
options
to
government
entities
enabling
consumers
to
use
their
credit
cards
to
pay
personal
federal
and
state
government
taxes
and
fines
for
traffic
violations
and
parking
citations.
For
the
six
months
ended
6/30/01,
revenues
rose
19%
to
$23.3
million.
Net
loss
rose
55%
to
$27.7
million.
Results
reflect
higher
revenues
generated
from
processing
federal
income
tax
payments,
offset
by
increased
stock
compensation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Thomas Evans, 45 Chairman,
CEO | $577K | Kenneth Stern, 52 Pres | 240K | Edward Dimaria CFO | -- | Michael Presto, 46 COO | -- | Bruce Zanca, 39 Sr.
VP, Communications and Admin. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|