Official Payments Corporation, a wholly owned subsidiary of Tier Technologies, Inc, announced the company has secured a three-year contract renewal from the State of Minnesota’s Department of Revenue, a three-year contract renewal from the State of New Jersey’s Division of Revenue, a one-year contract renewal with the State of Wisconsin’s Department of Revenue, a two-year renewal contract from Virginia’s Department of Taxation, and a one-year contract renewal from the City of Richmond, VA. The renewals authorize Official Payments to continue its electronic collection of credit card payments for taxes, fines, and fees on behalf of the states of Minnesota, New Jersey, Virginia, Wisconsin, and the City of Richmond.
“We are delighted that the states of Minnesota, New Jersey, Virginia, Wisconsin, and the City of Richmond have chosen to continue providing their citizens with the convenient option of charging taxes, fees and fines with their credit cards,” said James L. Bildner, Chairman and Chief Executive Officer. “To date, Official Payments Corporation has processed more than 47,000 transactions for these state and city agencies,” added Mr. Bildner. In addition to the states of Minnesota, New Jersey, Virginia, Wisconsin, and the City of Richmond, Official Payments provides similar credit card tax payment services for the IRS, 22 states, and more than 1,300 local government entities. The company’s principal business is collecting credit card payments on behalf of government entities via its Web site, [www.officialpayments.com][1], and its toll-free telephone number, 1-800-2PAY-TAX (SM).
Official Payments charges citizens a convenience fee for the service. Citizens using credit cards with bonus rewards programs may, depending on their card’s program, earn rewards, points, and airline frequent flyer miles or cash back for paying their taxes, fees and fines.
ABOUT TIER
Tier is a vertically-focused consulting firm that provides business and information technology consulting, systems design and integration, transaction processing, business process outsourcing and business process reengineering for its clients primarily in the state and local government, healthcare, insurance and utilities markets. Tier brings specific industry knowledge, proven delivery capability and proprietary applications to its client relationships. The combination of domain expertise and technical capability allow Tier to provide solutions that link increased operating efficiencies with systems and technology improvements. Tier serves Fortune 1000 companies and government entities and is included in the Russell 3000(R) Index, issued by Frank Russell Company and has been ranked by Forbes Magazine as one of the “200 Best Small Companies” in America for 2002.
[1]: http://www.officialpayments.com
