RESTON, Va.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--March 14, 2007--Official Payments Corp.(R), a subsidiary of Tier Technologies, Inc. (OTC:TIER), today announced that it is providing expanded payment processing services to 19 new college and university clients throughout the United States. Official Payments provides colleges and universities with payment processing solutions for credit card, debit card and electronic check acceptance via the Internet, telephone, kiosk and over-the-counter.
Official Payments has relationships with Datatel(R), Inc., and other top Enterprise Resource Planning (ERP) systems providers in the higher education industry. Official Payments enables seamless integration with these ERP systems, as well as with legacy systems, for such services as viewing balances and making payments.
Through its alliance with Datatel and other ERP systems providers, Official Payments will provide a variety of expanded payment processing services to the following higher education institution clients: Becker College, Berklee College of Music, Cape Fear Community College, Carlos Albizu University, Citrus College, Coast Community College District, Delaware Valley College of Science and Agriculture, Eastern Oklahoma State College, El Camino College, Hartnell College, Kaskaskia College, Mendocino College, Mount Vernon Nazarene University, North Central State College, Ohlone College, Simpson University, University of Wisconsin-Stevens Point, Warner Pacific College and Yuba College.
"We are pleased that through our valued alliance relationships, these educational institutions and their students will experience the many benefits of our state-of-the-art, reliable payment systems," said Ronald L. Rossetti, Chief Executive Officer of Tier. "Official Payments has more than 20 years of experience providing payment processing solutions for higher education institutions, and is trusted by colleges and universities large and small, public and private, to empower students, their parents and others with the fastest, easiest and most secure payment options available."
About Official Payments Corp.
Official Payments Corp. delivers innovative financial transaction processing services to governments, businesses and consumers in the U.S. and abroad. Headquartered in Reston, Virginia, Official Payments' clients are comprised of nearly 2,600 federal, state, and local governments and agencies including the IRS, educational institutions, utilities and commercial clients. Official Payments' solutions drive financial transaction processing for a diverse range of markets. From the electronic government payments market Official Payments pioneered in 1996, to the rapidly growing prepaid card industry, to leading-edge markets such as biometric payment systems, Official Payments is committed to making payments go fast, easy and secure. For more information, visit www.officialpayments.com/education.
Statements made in this press release that are not historical facts, including statements regarding expectations for future revenues, earnings, and expenses, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Tier undertakes no obligation to update any such forward-looking statements. For a discussion of the factors which may cause our actual events or results to differ from those projected, please refer to the Company's quarterly report on Form 10-Q for the period ended December 31, 2006, and other reports filed with the SEC.
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