DALLAS, June 21, 2005 /PRNewswire-FirstCall via COMTEX/ — 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 New Jersey Department of Human Services to provide electronic benefits transfer (EBT) services for food stamp and cash assistance benefit programs.
The contract is for five years with two, one-year extensions. Valued at approximately $24 million, the contract provides EBT transaction processing, a call center, account management, Web-based transaction inquiry, online reporting, retailer management for merchants, and ATM access.
“New Jersey is pleased to have ACS as its EBT contractor,” said Jeanette Page-Hawkins, director of the department’s Division of Family Development. “ACS offers a strong combination of customer service and processing capabilities for our 196,000 recipients and the retailers they use.”
ACS’ Family and Community Services’ line of business focuses on 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 New Jersey, which includes child support payment processing and Medicaid services,” said Skip Stitt, Managing Director of ACS Family and Community Services. “Our EBT contract is one more indication of the commitment shown by State officials to provide the best, most cost-effective services to the citizens of New Jersey.”
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 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.
SOURCE ACS, Inc.
investor relations
Warren Edwards
Executive Vice President- Chief Financial Officer
214-841-8082
warren.edwards@acs-inc.com
media
Lesley Pool
Senior Vice President-Chief Marketing Officer
214-841-8028
lesley.pool@acs-inc.com
both of ACS, Inc.
ACS to Provide Electronic Benefits Transfer Services for New Jersey Department of Human Services
