Official Payments Signs Agreement with Peralta Community College District
December 20 2007 - 9:30AM
Business Wire
Official Payments Corp.�, http://www.officialpayments.com, a
subsidiary of Tier Technologies, Inc. (Nasdaq: TIER),
http://www.tier.com, today announced that it has signed an
agreement to provide electronic payment services at the Peralta
Community College District. Official Payments� payment system
integrates seamlessly with the college�s PeopleSoft
(http://www.oracle.com/peoplesoft) Enterprise Resource Planning
(ERP) system to process credit, debit card, and electronic check
payments over the web, telephone, and face-to-face for 31,000
students at all college locations. Students at each of Peralta�s
four colleges will be able to pay their fees online or by telephone
with American Express�, Discover �, MasterCard� and VISA � cards,
as well as electronic check, using the college�s web site and the
number that appears on their bill. The online and telephone service
will be available 24 hours a day, seven days a week. Students will
also be able to pay in person, using these options, at the
individual college locations. Official Payments has a partnership
with PeopleSoft 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. Peralta Community College District includes
four colleges that serve 31,000 students. These colleges are
Berkeley City College in Berkeley; College of Alameda in Alameda;
Laney College, located in downtown Oakland and Merritt College,
nestled in the hills above San Francisco Bay. �We are pleased that
the Peralta Community College District has chosen Official Payments
to fulfill its payment processing requirements. Peralta joins 45
other higher education institutions that have chosen Official
Payments this year,� said Ronald L. Rossetti, Chairman and Chief
Executive Officer of Tier. �We continue to expand our footprint in
the higher education market, and are committed to providing
valuable services to administrators and students,� continued
Rossetti. Students using credit or debit cards with bonus rewards
programs may, depending on their card's program, earn reward
points, airline frequent flyer miles or cash back for paying their
higher education obligations. About Official Payments Corp.
Official Payments Corp., a wholly owned subsidiary of Tier
Technologies, Inc., delivers innovative electronic payment
processing services to governments, businesses and consumers in
throughout the United States. Headquartered in Reston, Virginia,
Official Payments' clients are comprised of nearly 2,700 federal,
state, and local governments and agencies including the IRS,
educational institutions, utilities and commercial clients. Since
1996, Official Payments Corp. has enabled electronic payments to be
processed faster and more securely. For more information, visit
www.officialpayments.com About Tier Technologies, Inc. Tier
Technologies, Inc. primarily provides federal, state and local
government and other public sector clients with electronic payment
processing and other transaction processing services. Tier's
electronic payment processing clients include over 3,000 federal,
state, and local governments, educational institutions, utilities
and commercial clients throughout the U.S. Tier is headquartered in
Reston, Virginia. For more information, see www.tier.com.
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 annual report on Form 10-K for the fiscal year ended
September 30, 2007, and other reports filed with the SEC.
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