System Offer Online Payments for DMV Vehicle Fleet Renewal

    STAMFORD, Conn.--Oct. 15, 2001--Official Payments Corporation (www.officialpayments.com) today announced a new business award with the State of New Jersey Division of Motor Vehicles. Under the agreement, Official Payments will provide a service enabling businesses to pay by credit card for commercial International Regulatory Plan (IRP) fleet vehicle registration renewal over the Internet.
    The new payment system is scheduled to launch on the state's Web site before the end of the year.
    "Each vehicle within an IRP fleet, such as trucks or buses, must be renewed annually. Prior to this system, fleet owners had to make multiple visits to the Division of Motor Vehicles as each vehicle came up for renewal," said Tom Iannotti, Manager - Motor Carriers, New Jersey Division of Motor Vehicles. "Our new electronic filing and payment systems eliminate the trip to the DMV, making the process easier for business owners, and helping to streamline our state operations," he added.
    "We are pleased with this important business development for two reasons," said Thomas R. Evans, Chairman & CEO of Official Payments. "First, the new business in New Jersey is our first DMV file-and-pay client, a new incremental market for us. Second, the data interface and registration aspect of this contract is a technology we think we can apply for opportunities with other clients," Mr. Evans added.
    Annually, the New Jersey Division of Motor Vehicles collects approximately $75 million in fleet renewal fees on over 60,000 vehicles in over 14,000 separate accounts. On the state's Internet site, owners will be able to enter an identification number for a fleet vehicle, file and pay for the fleet vehicle's registration renewal electronically, and receive the vehicle renewal stickers via mail.
    Official Payments will charge fleet owners a convenience fee for processing these credit card transactions. For example, an owner who made a renewal payment of $1,000 would find a total of $1,025 on their credit card statement: $1,000 for the renewal fee and $25 for the convenience fee. American Express, Discover Card, and MasterCard are the credit cards accepted by the program. Owners using credit cards with bonus rewards programs can, depending on their card's program, earn rewards, points, and cash-back or airline frequent flyer miles for paying their taxes.

    About Official Payments Corporation

    Official Payments Corporation is the leading provider of electronic payment options to government entities. The company's principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. The company is unequaled in market penetration and national footprint. Official Payments has agreements to collect and process credit card payments with the Internal Revenue Service, 18 state governments, the District of Columbia, and over 900 county and municipal governments in 49 states across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state and local government payments.

    Official Payments was founded in the San Francisco Bay area in 1996. Thomas R. Evans, the former President & CEO of the Internet company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market. The company's success in new client acquisition, increasing business with its existing clients and in building consumer awareness can be attributed to the combination of an enormous market opportunity with a highly skilled and experienced management and staff, aggressive sales and marketing, and a core competency in developing and implementing leading-edge technical systems.

    Note: Official Payments Corp. and the Official Payments Corp. logo are service marks of Official Payments Corporation.