First American Payment Systems acquired Govolution a company co-founded by CrossWork team member, Chris Duffus. Govolution is a leading provider of electronic payment technology and services to the public sector. The company enables federal, state and local governments and their depository financial institutions to electronically process consumers' credit, debit and ACH payments made through a variety of methods, including Internet, telephone or in person. Govolution provides not only an application to process electronic transactions but also to interface with the government's own systems, enabling reporting and transactions through a consolidated environment
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Private equity investments, including ours, are risky, speculative, illiquid and carry the risk of loss of all capital.