GovPay Deal Closes

Internet payment solutions provider eOne Global LP of Napa, Calif., and American Management Systems Inc. of Fairfax, Va., have completed the purchase of the transaction processing business created by GovWorks Inc. of New York, eOne Global officials said.

GovWorks filed for chapter 11 bankruptcy protection in January and made arrangements to sell its transaction processing business, known as govPay, to AMS and eOne Global.

AMS and eOne Global have licensed the payment processing software and signed a joint marketing agreement to provide their respective clients with access to a variety of additional government payments services.

A new name and brand will be introduced for the transaction software within 30 days, said eOne Global. The company operates a software system known as CashTax, which processes federal and state taxes.