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.