ACS to Provide Electronic Benefits Transfer Services for Massachusetts Department of Transitional Assistance
ACS to Provide Electronic Benefits Transfer Services for Massachusetts Department of Transitional Assistance
DALLAS, Feb. 7 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc., (NYSE:ACS), a premier provider of business process and information technology outsourcing solutions, announced today that it has been selected by the Commonwealth of Massachusetts Department of Transitional Assistance and the Office of the Treasury to provide electronic benefit transfer (EBT) services for the department.
The seven-year contract has two, one-year extensions. The existing system is scheduled for conversion to the ACS EPPIC(TM) system in August 2005. Valued at approximately $27 million, the contract provides EBT transaction processing, a U.S.-based call center, database account management, and retailer management.
Massachusetts State Treasurer Timothy P. Cahill said that, "ACS has provided the Commonwealth an excellent value and some enhancements, including a U.S.-based call center in their bundle of services."
ACS' Family and Community Services line of business focuses on the comprehensive management, automation, and operation of public sector human services programs and is the leading provider of child support payment processing services in the nation.
"We are pleased to partner with the Commonwealth of Massachusetts and the Department of Transitional Assistance to help provide the best possible services to their constituents," said John Brophy, group president of ACS State and Local Solutions. "The dedication and foresight shown by State officials in this area should be commended."
ACS' Electronic Payment Services business includes electronic benefit transfer services, e-Childcare(TM), electronic child care attendance tracking and payments to providers, and e-disbursement of child support payments, unemployment insurance, and other government payments to individuals. ACS markets and delivers these business processing services to the state and local government marketplace by applying card technologies and its EPPIC product, offering such features as a Web browser interface, on-line reporting features and Internet access for clients and retailers to review their accounts and transactions. EPPIC is written and built specifically for electronic payment delivery and can be customized to meet the requirements of additional programs such as government payments, including payroll and commercial applications.
ACS, a FORTUNE 500 company with more than 47,000 people supporting client operations in nearly 100 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at www.acs-inc.com .
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including the most recent Form 10-K. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Source: ACS, Inc.
CONTACT: investor relations, Warren Edwards, Executive Vice President-
Chief Financial Officer, +1-214-841-8082, or warren.edwards@acs-inc.com , or
media, Lesley Pool, Senior Vice President-Chief Marketing Officer,
+1-214-841-8028, or lesley.pool@acs-inc.com , both of Affiliated Computer
Services, Inc.
Web site: http://www.acs-inc.com/
-------
Profile: intent
0 Comments:
Post a Comment
<< Home