Uncle Sam Boosts E-Transaction Capabilities for Savings Bonds

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Govolution Inc., an e-commerce services firm for government organizations, recently announced it will be the exclusive provider of Internet transaction software services for the U.S. Bureau of Public Debt, a federal agency that sells savings bonds.


The deal expands the bureau's customer-related online transaction capabilities as well as enhances its ability to handle back-end chores.


For instance, the organization's site, at www.savingsbonds.gov, now takes Discover card payments in addition to the MasterCard and Visa purchases it has been accepting. Also, the online purchase limit at the site has doubled to $1,000 per transaction.


On the back end, the services will allow bureau administrators to search and edit transactions using cardholder name, card number, transaction type and date range. Govolution, Washington, said its applications also will secure data from being transmitted to and from the site.


Financial terms of the agreement were not disclosed.
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