On 2025-10-20, XBP Global Holdings, Inc. announced a new partnership with the New York City Department of Finance to deliver advanced payment processing solutions for parking violation tickets. The partnership will deploy XBP Global’s Lockbox Services, a cloud‑based platform that streamlines financial transactions for the city’s parking program.
The agreement carries an initial term of six years and is expected to reduce processing times, expand payment options, and enhance security for residents. By integrating its proprietary workflow automation, XBP Global will provide a more user‑friendly experience for the city’s millions of daily parking transactions.
This contract marks a significant expansion into the public‑sector market, a segment that has historically been a high‑value, low‑churn customer base for XBP. The partnership positions the company to pursue similar municipal agreements across the United States, leveraging its proven platform and AI‑driven automation.
For investors, the six‑year deal represents a new, predictable revenue stream and diversification of XBP’s client portfolio. The long‑term contract mitigates revenue volatility and signals the company’s growing traction in large‑scale public‑sector deployments, supporting future growth prospects.
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