NIC Secures New Contracts in Florida and Iowa for Payment Processing and Digital Government Solutions
NIC Inc. has secured multi-year contracts with Florida and Iowa for digital government solutions and payment processing services. The five-year contract in Florida allows transaction-funded services for all state agencies and municipalities, processing over 74 million transactions totaling $52 billion in payments. Iowa re-engages NIC as its digital government solutions partner after a previous partnership. This new contract also spans five years, promoting a unified digital experience for Iowans. NIC's innovative services enhance government interactions, centralizing transactions and digital wallets.
- Secured multi-year contracts with Florida and Iowa enhance revenue potential.
- Florida contract covers transaction-funded payment processing for all state agencies, addressing a large volume of transactions.
- Iowa partnership reestablished after 15 years, indicating trust in NIC's capabilities.
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OLATHE, Kan.--(BUSINESS WIRE)--Digital government solutions firm NIC Inc. has won new multi-year contracts with the states of Florida and Iowa following competitive bid processes.
“We are excited by the confidence Florida and Iowa have placed in NIC solutions as we continue to expand our payment processing and digital government services across the country,” said Harry Herington, NIC CEO and Chairman of the Board. “These wins further reinforce the momentum NIC has experienced in 2020.”
In Florida, NIC has been awarded a contract to provide transaction-funded payment processing services for all state agencies. The five-year transaction-funded contract, which may be extended by up to five additional years, also provides the ability for cities and municipalities to work with NIC for payment processing services, promoting a comprehensive and seamless financial transaction experience for Florida citizens and businesses.
For its fiscal year ended June 2018, the state of Florida processed 74 million transactions for a total of
In Iowa, NIC will once again serve as the state’s enterprise digital government solutions partner after a 15-year partnership concluded in 2017. Under the new five-year transaction-funded contract, which includes five one-year renewal options, NIC’s Des Moines-based team will work with state leadership to consolidate digital services into a unified experience for all Iowans.
“We are very excited for our digital solutions partnership with NIC in Iowa, first starting with payment processing services,” said Annette Dunn, Iowa’s Chief Information Officer. “We have many large agencies across the state that can benefit not only from a strategic, streamlined approach to payment processing but also from the many digital solutions NIC provides. These solutions happen to align perfectly with Governor Reynolds’ vision for the state, where technology is centered around the citizen and all transactions are stored in a digital wallet.”
About NIC Inc.
NIC (Nasdaq: EGOV) is a leading digital government solutions and payments company, serving more than 7,000 federal, state and local government agencies across the nation. With headquarters in Olathe, Kan., NIC partners with the majority of U.S. states to deliver user-friendly digital services that make it easier and more efficient to interact with government – providing valuable conveniences like applying for unemployment insurance, submitting business filings, renewing licenses, accessing information and making secure payments without visiting a government office. In the COVID-19 era and beyond, NIC helps government agencies rapidly deliver digital solutions to provide essential services to citizens and businesses alike. Having served the public sector for nearly 30 years, NIC continues to evolve with its federal, state and local government partners to deliver innovative and cost-effective digital government to constituents. Learn more at www.egov.com.
