Securus Technologies: Reason Behind GovPayNet Acquisition

Securus Technologies has been working on different technologies which would assist the jail authorities in keeping peace and order inside the prisons. They are also working on inventions which would provide the prisoners a chance to speak with their loved ones outside the prison, although the whole phone call will be monitored by the jail authorities. One of the most remarkable inventions that were introduced by Securus Technologies is their video calling technology, which is considered as one of the fastest in the world. These video calling devices are installed inside the prison, and the inmates can freely use them if they still have credits left on their accounts. Securus Technologies has been doing a great business providing communication services to the inmates, but they thought that it is not enough. They wanted to expand their business, so they checked all the available companies for acquisition and decided that they would be acquiring GovPayNet next.

 

 

GovPayNet is a payment processing company, which is private and is independent from the government. GovPayNet has an online payment system where people can pay their all sorts of fines and fees imposed by the government. They can also pay their taxes through the GovPayNet website, and they only need to obtain their Payment Location Code, or PMC. The company was established in 1997 by a sheriff who wanted to organize the payment system for simple violations committed inside his county, and by working with IT professionals, they managed to create the GovPayNet system.

 

 

Securus Technologies thought that a business unit focusing in payment services will be a great addition to their expanding company. They have seen the potential of GovPayNet, and they know that with the current technology that they have on hand, the services provided by the payment processing company can be improved. Securus Technologies wanted to acquire the payment processing company to provide better services to the public.