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
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