Carrollton, Texas-based Securus Technologies recently announced that the company has acquired payment systems solutions company GovPayNet. The acquisition is part of Securus Technologies’ desire to increase its payment solutions business. With the added infrastructure and technology, Securus estimates that its payment solutions arm will now be able to process over 40 million payments annually. This further diversifies Securus’ portfolio of products that service government entities and increases its already large market share. CEO Bob Pickens is excited to expand into additional government payment processing segment with the addition of GovPayNet.
GovPayNet is a leading payment processing company that specializes in credit and debit transactions in various national, state, and local governments. They service of 2,300 government agencies across the United States and has been in business since 1997. Securus Technologies services over 3,500 government and corrections agencies in the United States. A large segment of their business services over 1.2 million inmates, providing calling card and payment services for those incarcerated. The company also provides information management, inmate self-service, biometric services, and public information services in its portfolio of products. The acquisition will help better align the company with services it already provides, and create higher efficiency across its products.