Official Payments Corp.(R) Renews Agreement With Megabyte Systems Inc.
March 05 2008 - 3:15PM
Business Wire
Official Payments Corp. (OPC), http://www.officialpayments.com, a
wholly owned subsidiary of Tier Technologies, Inc. (Nasdaq:TIER),
http://www.tier.com, today announced that it has renewed its
agreement with Megabyte Systems, Inc.,
http://www.megabytesystems.com, where Official Payments will
continue as the exclusive electronic payment processing provider to
Megabyte, integrating electronic tax payments with county tax
systems in California. This renewal extends the companies�
relationship through 2013. Official Payments Corp., a leading
electronic payment processing provider, and Megabyte Systems, a
premier California tax system provider, have partnered since 2003.
The companies recently extended their exclusive agreement to
deliver an integrated tax collection system that provides real-time
updates of electronic payments, and also provides unified tax
collection reporting. California counties currently benefiting from
this integrated solution are Amador, Butte, Calaveras, Colusa,
Humboldt, Imperial, Lake, Madera, Merced, Monterey, Napa, Placer,
Plumas, San Benito, San Joaquin, Shasta, Siskiyou, Sonoma,
Stanislaus, and Yuba. �Megabyte is at the forefront of the property
tax system industry in California, and our alliance with OPC
strengthens the standing we both have in that market. Many counties
in California are currently seeking to add functionality that
integrates electronic payments with their tax collection systems,
allows real-time updates, and provides unified reporting, and
Megabyte has offered this progressive solution for five years,�
said Sharon Zachte, President of Megabyte Systems. �We are
convinced that OPC is the only payment processing partner that has
the technical capabilities, security expertise, and professional
commitment to serving our county clients and their constituents,�
Zachte continued. �We are extremely pleased to extend our exclusive
partnership with Megabyte,� said Kevin C. Connell, Senior Vice
President of Official Payments Corp. �This alliance demonstrates
the continued execution of our growth strategy, expands the
channels through which we offer payment services, and solidifies
our position as the payment provider of choice in the industry.
Together, Official Payments and Megabyte provide the most
sophisticated and integrated tax collection solution available for
California counties,� Connell continued. 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
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 fast, easy, and secure
electronic payment processing. For more information, visit
http://www.officialpayments.com. Official Payments offers a free
service with its My Account feature at
http://www.officialpayments.com/myaccount. My Account allows users
to manage automatic payments, payment reminders, make payments
using pre-filled contact information, view transaction history
online, modify the details of a personal profile, and offer
feedback regarding services. 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, visit http://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. About
Megabyte Systems, Inc. Megabyte Systems is the developer of the
Megabyte Property Tax System, the number one, fully integrated,
California property tax system, designed from the ground up to meet
the challenging requirements of the California property tax law.
Megabyte Systems provides an extensive line of services including:
installation and tailoring of the system for individual county
needs, analysis and conversion of existing data files, employee
training at its state of the art training facility, user
documentation, and more. For more information, visit
http://www.megabytesystems.com
Tier Reit Inc. (NYSE:TIER)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tier Reit Inc. (NYSE:TIER)
Historical Stock Chart
From Jul 2023 to Jul 2024