Official Payments Corp.(R) (OPC), a wholly endemic accessory of Tier Technologies, Inc. (Nasdaq: TIER), today appear a above amplification of its casework in the accompaniment of California to action cyberbanking employer amount tax deposits, which includes unemployment insurance, affliction insurance, and denial taxes. This account is an alternating adjustment of acquittal to the cardboard DE88, Amount Tax Drop coupon, fabricated to the California Application Development Department (EDD).
Since 1999, Official Payments has candy a array of business and alone cyberbanking tax payments for the California Board of Equalization, Department of Transportation, Franchise Tax Board and the EDD. With this expansion, currently accepted to activate aboriginal in agenda year 2006, California businesses will accept the fast, acceptable and defended new way of authoritative amount tax drop (DE88) payments to the EDD with a VISA(R), American Express(R), Discover(R) or MasterCard(R) by visiting www.officialpayments.com, or by calling 1-800-2PAY-TAX(SM).
The EDD works with over one actor California administration to aggregate amount taxes and application annal for added than 17 actor California workers. The EDD additionally offers a advanced array of casework to millions of Californians beneath the State’s Job Service, Unemployment Insurance, Affliction Insurance, Workforce Investment, and Labor Bazaar Advice programs.
“We’re absolute admiring to aggrandize our accord with the EDD to accommodate our defended and reliable cyberbanking acquittal processing casework for the account of California employers,” said James R. Weaver, Tier’s Chief Executive Officer. “Official Payments has been accustomed the befalling to abutment about $27 billion in employer tax payments as appear in EDD’s aftermost budgetary year. This is acutely a strategically cogent expansion. The abeyant bazaar admeasurement makes EDD OPC’s additional better bazaar befalling in affiliation to our federal tax acquittal processing work.”
Weaver continued, “This amplification is apocalyptic of a growing trend of accompaniment agencies to accomplish cyberbanking acquittal options accessible to businesses. Official Payments currently processes cyberbanking business tax and fee payments fabricated with debit and acclaim cards for 19 states and the District of Columbia. Our apprehension is that this absolute trend will abide as U.S. businesses and customer acquittal preferences abide the about-face to paperless options.”
Official Payments provides cyberbanking acquittal casework for the Internal Acquirement Service, 25 states, the District of Columbia and added than 1,800 bounded government audience nationwide. Official Payments’ arch business is processing cyberbanking payments on account of government entities via its Web site, www.officialpayments.com, and its toll-free blast number, 1-800-2PAY-TAX(SM).
Official Payments accuse citizens a accessibility fee for the service. Citizens application acclaim or debit cards with benefit rewards programs may, depending on their card’s program, acquire accolade points, airline common flyer afar or banknote aback for advantageous their taxes and fees.
Tier is a arch provider of transaction processing and packaged software and systems affiliation casework for accessible area clients. We amalgamate our compassionate of enterprise-wide systems with area adeptness enabling our audience to rapidly approach arising technologies into their operations. We focus on sectors that we accept are apprenticed by armament that accomplish appeal for our casework beneath arbitrary and are acceptable to accommodate us with alternating abiding acquirement streams. Added advice about the Company is accessible at www.Tier.com.
Statements fabricated in this columnist absolution that are not absolute facts are advanced statements that are fabricated pursuant to the safe anchorage accoutrement of the Securities Litigation Reform Act of 1995. The Company undertakes no obligation to amend any such advanced attractive statements.
Each of these statements is fabricated as of the date hereof based alone on accepted advice and expectations that are inherently accountable to change and absorb a cardinal of risks and uncertainties. Absolute contest or after-effects may alter materially from those projected in any of such statements due to assorted factors, including but not bound to abortion by end consumers to accomplish payments with acclaim or debit cards or cyberbanking checks through Official Payments Corporation; appulse of lower transaction volumes than anticipated; the abeyant accident of allotment by clients, including due to government account shortfalls or revisions to allowable statutes; the timing, initiation, completion, renewal, addendum or aboriginal abortion of applicant projects; the Company’s adeptness to apprehend revenues from its business development opportunities; and hasty claims as a aftereffect of activity performance, including due to the abortion of software providers or subcontractors to abundantly complete engagements.
For a altercation of these and added factors which may account our absolute contest or after-effects to alter from those projected, amuse accredit to the Company’s anniversary address on Form 10-K for the year concluded Sept. 30, 2004, our best contempo annual address on Form 10-Q for the division concluded June 30, 2005, as able-bodied as added filings with the SEC.
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