Xerox secured $5.5 million contract with Tennessee
The five-year, $5.5 million contract with the Tennessee Department of Finance and Administration allows for quicker payment distribution and better security of funds.
The cards will be delivered through Xerox’s Go Program, an electronic payment card solution which accelerates payments to recipients by using a reloadable MasterCard debit card, granting recipients convenient access to funds and account information.
The new cards also have Europay, MasterCard and Visa (EMV) capabilities, providing enhanced security of beneficiary funds, and reducing fraud, waste and abuse for government agencies.
Tennessee is one of the first state governments in the nation to provide its citizens with EMV-enhanced benefits cards.
“Receiving these payments in a timely fashion is crucial to recipients’ livelihoods from buying necessities to ensuring an electric bill is paid,” said Mike Cerone, senior vice president and managing director, Card Services group, Xerox.
“Our Go Program is not only built with technology that effectively reduces risk, but also ensures funds are distributed quickly and through a tested, reliable network.”
Xerox developed a different card design for each program so that it is easy to distinguish which card to use if a citizen receives multiple benefits. The new cards were mailed to beneficiaries in late June, and the cards began receiving payments on July 1. ■