NIC Secures New Contracts in Florida and Iowa for Payment Processing and Digital Government Solutions
Digital government solutions firm NIC Inc. has won new multi-year contracts with the states of Florida and Iowa following competitive bid processes.
“We are excited by the confidence Florida and Iowa have placed in NIC solutions as we continue to expand our payment processing and digital government services across the country,” said Harry Herington, NIC CEO and Chairman of the Board. “These wins further reinforce the momentum NIC has experienced in 2020.”
In Florida, NIC has been awarded a contract to provide transaction-funded payment processing services for all state agencies. The five-year transaction-funded contract, which may be extended by up to five additional years, also provides the ability for cities and municipalities to work with NIC for payment processing services, promoting a comprehensive and seamless financial transaction experience for Florida citizens and businesses.
For its fiscal year ended June 2018, the state of Florida processed 74 million transactions for a total of $52 billion in payments across 19 state agencies and processed 21 million transactions for a total of more than $1 billion across more than 90 localities.
In Iowa, NIC will once again serve as the state’s enterprise digital government solutions partner after a 15-year partnership concluded in 2017. Under the new five-year transaction-funded contract, which includes five one-year renewal options, NIC’s Des Moines-based team will work with state leadership to consolidate digital services into a unified experience for all Iowans.
“We are very excited for our digital solutions partnership with NIC in Iowa, first starting with payment processing services,” said Annette Dunn, Iowa’s Chief Information Officer. “We have many large agencies across the state that can benefit not only from a strategic, streamlined approach to payment processing but also from the many digital solutions NIC provides. These solutions happen to align perfectly with Governor Reynolds’ vision for the
NVIDIA Co-founder and CEO Jensen Huang rarely disappoints his audience nor his investors. This week he once again delivered the goods at the European GPU Technology Conference. Announcing a broad range of hardware and software innovations, Jensen made it clear that he intends to reshape computation, from GPUs to CPUs to NICs and switches. So, let’s dive into Jensen’s goody bag and see how he plans to shape the market and NVIDIA’s future.
NVIDIA DPU Smart NIC
NVIDIA led off with a new NIC from the Mellanox division. Setting the stage for a reimagining of the server, NVIDIA added multi-core Arm CPUs and AI acceleration to the staid Network Interface Card (NIC). Smart NICs have been around for a while, but have yet to reach broad-scale adoption outside a few hyperscale cloud providers. However, as networking becomes the new bottleneck for moving massive data sets (and the lynchpin for data center security), NVIDIA sees an opportunity to augment the NIC with far more processing power. This could potentially alter the data center landscape significantly. By offloading much of the work usually done by server CPUs, the Data Processing Unit (DPU) can create a new platform of high-performance processing, and leverage the GPU’s AI capabilities into the networking market. If NVIDIA can gain traction here, this move could effectively capture some of the revenues currently going to CPU vendors, shifting that spend to more capable, presumably higher-margin Smart NICs. Said another way, NVIDIA is freeing up cycles on the server cores, which allows it to focus on the application that will process the data, instead of spending time unpacking TPC/IP headers and acting as a firewall.