Business Services Industry

Tier Names Steven Beckerman as New Senior Vice President of Government Business Process Outsourcing

Business Wire, March 14, 2006

RESTON, Va. -- Tier Technologies, Inc. (Nasdaq:TIERE), today announced that Steven Beckerman has joined Tier as Senior Vice President, Government Business Process Outsourcing. Mr. Beckerman will report to Tier's CEO, Jim Weaver, with responsibility for Tier's business process outsourcing services including child support payment processing, call center operations, financial institution data match services, prepaid debit support, and health and human services consulting.

Mr. Beckerman brings over 25 years of successful executive leadership and hands-on management experience in sales, operations, administration, cost containment and strategic planning in a number of diverse industries. Mr. Beckerman joins Tier from Fidelity National Information Services, Inc. (formerly known as Certegy, Inc.), where he was Senior Vice President of Product Management for Certegy Card Services, Inc., Certegy's card processing division. In this role he was responsible for the development and management of card issuing, loyalty and internet products for more than 6,000 financial institutions across North America.

Previously, Mr. Beckerman served as Vice President of Sales and Marketing for Certegy, where he directed the sale of card issuing products and provided Business Development consulting services, and was also Vice President, Credit Union and Debit Card Services, where he oversaw Credit Union Client Relations, Business Development and Operations for Certegy's Debit Card business.

Prior to joining Certegy, Mr. Beckerman was Senior Vice President for First Data Oil Services, a division of First Data Corporation, where he managed the Oil Company and Private Label Credit Card Operations Center. Before joining First Data, he held a number of management positions with Mobil Oil Corporation in the areas of Strategic Planning, Credit Card Financial Services, Construction Management and Commercial Real Estate. He began his professional career as a Structural Engineer with Bechtel Power Corporation.

"It gives me great pleasure to fill this key position with such a successful and versatile executive," said James R. Weaver, Chairman and Chief Executive Officer of Tier. "Steve has a great track record of motivating and inspiring individuals, and successfully leading organizations to achieve objectives. His effective leadership experience, combined with his deep understanding of the card payments industry, make Steve an ideal fit for this position. More and more of our business process outsourcing clients and prospects are exploring ways to incorporate electronic payment methods into their operations, and Steve will play a critical role in leveraging our expertise in these opportunities."

"Tier is clearly positioned very well at the crossroads of two government growth trends - business process outsourcing, and electronic payment processing, and I'm excited to have the opportunity to spearhead our growth initiatives in these important areas," said Beckerman.

About Tier

Tier Technologies offers a diversified array of innovative business and financial transaction processing solutions. Headquartered in Reston, Virginia, Tier's clients include more than 2,200 federal, state, and local governments, educational institutions, utilities and commercial clients in the U.S. and abroad. Tier provides information technology solutions, and through its Official Payments Corp. subsidiary, delivers payment processing solutions for a wide range of markets. From designing, installing and maintaining cutting-edge public sector software systems, to delivering fast, secure and convenient financial transaction processing solutions, Tier provides integrated information solutions that solve problems while balancing innovation with practicality. For more information, see www.tier.com and www.officialpayments.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 Securities Litigation Reform Act of 1995. Tier undertakes no obligation to update any such forward-looking statements.

Each of these statements is made as of the date hereof based only on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors. For a discussion of these and other 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 year ended Sept. 30, 2004, our most recent quarterly report on Form 10-Q for the quarter ended June 30, 2005, as well as other filings with the SEC.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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