Metavante's LINK2GOV Processing Additional Federal Business Tax Payments Online
23 October 2006 - 10:00PM
Business Wire
Metavante Corporation, the banking and payments technology
subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today
announced that, beginning January 2007, its LINK2GOV business unit
can process credit card payments related to federal business tax
Forms 9411 and 9402 for an expanded number of filing years: 1997
through present balance due3. Businesses can make these credit
card-initiated, balance-due tax payments at www.PAY1040.com, or by
calling 1-888-729-1040. When the IRS first authorized card-based
business tax payments earlier this year, prior-year acceptance
reached back only as far as 2005. An expansion of the program
enables LINK2GOV, which is in its fifth year of contracted credit
card processing for the IRS, to accept all major credit cards for
an unprecedented amount of business tax payments. Additionally,
LINK2GOV�s QuickPay e-mail Reminder program offers automated
reminders, prior to the next Form 941 tax return due date. Each
convenience e-mail contains instructions on how to make a Form 941
Employer's Quarterly Tax balance due payment at the Pay1040 site.
For the businesses, some Forms 941 and 940 tax payments may qualify
for payment card rewards programs, and the IRS will allow the
standard convenience fee to be deducted as a business expense.
�Expedited payment services are increasingly in demand across the
consumer segment, and they�re equally attractive to businesses
dealing with a meticulous federal tax payment schedule,� said
Edward Braswell, president, LINK2GOV. �As the IRS allows, LINK2GOV
will continue to expand the reach, functionality and convenience of
online, card-based federal tax payments for both consumers and
business.� LINK2GOV, a Metavante company, has been providing
comprehensive, customized electronic service applications for
government agencies since 1995. In addition to the IRS payment
services, LINK2GOV also facilitates the collection of real estate
taxes, utility bills, vehicle registrations and driver�s license
renewals, parking tickets, traffic citations, tuition payments,
court fees and fines, hunting and fishing licenses, as well as
various business licenses. Metavante Payment Solutions delivers
electronic money movement through an integrated payments network,
including an ATM/PIN debit network in NYCE, online bill payment, a
complete suite of payment cards and automated clearing house (ACH)
processing. Metavante helps clients grow revenue by capitalizing on
the expanding electronic payments markets including financial,
healthcare and government payments. About Metavante Metavante
Corporation delivers banking and payments technologies to financial
services firms and businesses worldwide. Metavante products and
services drive account processing for deposit, loan and trust
systems, image-based and conventional check processing, electronic
funds transfer, consumer healthcare payments, and electronic
presentment and payment. Headquartered in Milwaukee, Metavante
(www.metavante.com) is wholly owned by Marshall & Ilsley
Corporation (NYSE: MI). 1 Form 941: Employer�s Quarterly Federal
Tax Return. 2 Form 940: Employer�s Annual Federal Unemployment
(FUTA) Tax Return. 3 Card payments do not qualify as federal tax
deposits. Metavante, Link2Gov, Pay1040 and NYCE, are registered
trademarks of Metavante Corporation. Metavante Corporation, the
banking and payments technology subsidiary of Marshall & Ilsley
Corporation (NYSE: MI), today announced that, beginning January
2007, its LINK2GOV business unit can process credit card payments
related to federal business tax Forms 941(1) and 940(2) for an
expanded number of filing years: 1997 through present balance
due(3). Businesses can make these credit card-initiated,
balance-due tax payments at www.PAY1040.com, or by calling
1-888-729-1040. When the IRS first authorized card-based business
tax payments earlier this year, prior-year acceptance reached back
only as far as 2005. An expansion of the program enables LINK2GOV,
which is in its fifth year of contracted credit card processing for
the IRS, to accept all major credit cards for an unprecedented
amount of business tax payments. Additionally, LINK2GOV's QuickPay
e-mail Reminder program offers automated reminders, prior to the
next Form 941 tax return due date. Each convenience e-mail contains
instructions on how to make a Form 941 Employer's Quarterly Tax
balance due payment at the Pay1040 site. For the businesses, some
Forms 941 and 940 tax payments may qualify for payment card rewards
programs, and the IRS will allow the standard convenience fee to be
deducted as a business expense. "Expedited payment services are
increasingly in demand across the consumer segment, and they're
equally attractive to businesses dealing with a meticulous federal
tax payment schedule," said Edward Braswell, president, LINK2GOV.
"As the IRS allows, LINK2GOV will continue to expand the reach,
functionality and convenience of online, card-based federal tax
payments for both consumers and business." LINK2GOV, a Metavante
company, has been providing comprehensive, customized electronic
service applications for government agencies since 1995. In
addition to the IRS payment services, LINK2GOV also facilitates the
collection of real estate taxes, utility bills, vehicle
registrations and driver's license renewals, parking tickets,
traffic citations, tuition payments, court fees and fines, hunting
and fishing licenses, as well as various business licenses.
Metavante Payment Solutions delivers electronic money movement
through an integrated payments network, including an ATM/PIN debit
network in NYCE, online bill payment, a complete suite of payment
cards and automated clearing house (ACH) processing. Metavante
helps clients grow revenue by capitalizing on the expanding
electronic payments markets including financial, healthcare and
government payments. About Metavante Metavante Corporation delivers
banking and payments technologies to financial services firms and
businesses worldwide. Metavante products and services drive account
processing for deposit, loan and trust systems, image-based and
conventional check processing, electronic funds transfer, consumer
healthcare payments, and electronic presentment and payment.
Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly
owned by Marshall & Ilsley Corporation (NYSE: MI). (1) Form
941: Employer's Quarterly Federal Tax Return. (2) Form 940:
Employer's Annual Federal Unemployment (FUTA) Tax Return. (3) Card
payments do not qualify as federal tax deposits. Metavante,
Link2Gov, Pay1040 and NYCE, are registered trademarks of Metavante
Corporation.
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