DALLAS, Sept. 13 - 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 Ohio Department of Job and Family Services to provide electronic benefits transfer (EBT) services for food stamp benefits. Ohio is converting from an offline smart card program to a new online magnetic stripe program. ACS will convert all EBT clients by April 2006.
The contract is for eight years and is valued at approximately $45 million. The contract provides EBT transaction processing, project management, retailer management for merchants, a data center, a call center, as well as card reconciliation and settlement.
ACS' Government and Community Solutions business unit provides the comprehensive management, automation and operation of public sector human services programs and is a leading provider of EBT and child support payment processing services in the United States.
"ACS is pleased to deepen its human services relationship with the State of Ohio, which provides EBT services for more than 450,000 Ohio food stamp recipients," said Tom Burlin, Group President of ACS Government Solutions. "Our EBT contract is an indication of the commitment shown by State officials to provide the best, most cost-effective services."
ACS' Electronic Payment Services business includes electronic benefits transfer services, e-Childcare(TM) (an electronic system for child care attendance tracking and payments to providers), and the electronic 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 swipe card technologies and its EPPIC(TM) product, allowing recipients to review their accounts and transactions on-line. EPPIC is written and built specifically for electronic payment delivery and can be customized to meet the requirements of additional programs, such as government payrolls and commercial applications.
ACS, a FORTUNE 500 company with more than 50,000 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 http://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 our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
