LifeLock helps protect you from identity theft.
But who helps protect LifeLock when calculating sales tax?
LifeLock awards BillSoft contract to process sales and use tax.
Overland Park, KS, April 5, 2010 — BillSoft, Inc., the market leader for transaction-based taxation, announced today that LifeLock, Inc., the industry leader in proactive identity theft protection, has awarded a contract to BillSoft to process sales and use tax for LifeLock.
Sales and use taxes will be processed using BillSoft’s EZTax ASP remote-hosted web service. Whenever a sales transaction occurs, LifeLock’s billing system will send the transaction electronically to BillSoft’s EZTax application. The taxes on that particular sale are then calculated in real-time and immediately returned to LifeLock’s billing program.
It’s super fast and incredibly accurate. EZTax can process sales and use taxes at the rate of 1.8 billion transactions per hour. And because taxes can change month to month among thousands of tax jurisdictions, BillSoft has tax experts on staff whose #1 job is to stay on top of tax laws.
For LifeLock, having BillSoft on board simplifies a key aspect of the company’s billing procedures.
For BillSoft, LifeLock offers a chance for BillSoft to do what it does best while helping LifeLock fulfill its mission to help protect consumers from identity theft.
“There’s no bigger name in identity theft protection than LifeLock,” said Vicki Klein, BillSoft President. “By processing their sales and use taxes, BillSoft will be a valued partner in helping LifeLock achieve its business goals.”
About LifeLock, Inc.
LifeLock, Inc. (www.lifelock.com) is an industry leader in proactive identity theft protection. Since 2005, LifeLock has been providing consumers with the tools and confidence they need to help protect themselves from identity theft. The company has a strong focus on educating consumers and working with law enforcement and elected officials to better understand the increasing threats of identity theft. A multiple award-winning organization, LifeLock has been recognized by the American Business Awards as Best Overall Company, by AlwaysOn to the Top Global Company 250 list and most recently by Arizona Corporate Excellence as Arizona's Fastest Growing Company.
About BillSoft, Inc.
BillSoft specializes in enhancing billing systems and service bureau products. BillSoft’s flagship product, EZTax®, is the most comprehensive transaction tax package available. With the availability of taxation for products and services in over 85 countries, EZTax provides the most comprehensive tax system for the best overall value. EZTax supports all major platform environments and offers a number of different interfaces with the standard product. For more information about BillSoft, Inc., please visit www.billsoft.com.
BillSoft® and EZTax® are registered trademarks of BillSoft, Incorporated. All other trademarks are the property of their respective holders. © Copyright, 2010 BillSoft, Inc., 10100 W. 87th Street, Overland Park, KS 66212. All Rights Reserved.
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MEDIA CONTACTS
Tena Nichols
Marketing Director
BillSoft, Inc.
(800) 525-8175
TNichols@BillSoft.com
and
Kim Thompson
Communications Manager
LifeLock
480-457-4546
kimberly.thompson@lifelock.com
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