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XBP Global Holdings, Inc. ("XBP Global" or "the Company") (NASDAQ:XBP), a workflow automation leader that leverages decades of industry experience, global footprint and agentic AI to rethink business process automation and digital transformation, has partnered with the New York City Department of Finance to deliver advanced payment processing solutions for parking violation tickets. The department selected XBP Global through a competitive bidding process to augment its payment processing capabilities with XBP Global's Lockbox Services. The Company's platform will be utilized to streamline financial transactions for parking violation tickets, thereby enabling the department to reduce cycle time and provide faster and more user-friendly payment experiences.
This strategic partnership will deliver a range of tangible improvements for residents of New York City, including more payment options, reduced processing times, and increased security and has an initial term of six years.
This new partnership enables a key Public Sector agency and the people it serves to benefit from secure, efficient, and modern digital payment technologies. Working in close partnership with the Department of Finance, XBP Global will continue to help set new standards for convenience and accessibility in the city's payment services.
Posted In: XBP
