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April 21, 2009

IRS selects Official Payments to provide electronic payment services

Company obtains four one-year option periods contract

By CBR Staff Writer

Internal Revenue Service, the US government agency responsible for tax collection and tax law enforcement, has awarded Official Payments Corporation, a wholly-owned subsidiary of Tier Technologies, to provide electronic payment services for personal and business taxes.

The contract contains a base period commencing April 2, 2009 and four one-year option periods running until December 31, 2013.

Since 1999, when Official Payments began processing federal tax payments for the Internal Revenue Service (IRS), the company has processed over $9 billion in federal taxes. Official Payments was selected by the IRS to pilot federal electronic tax payments and has provided these services continuously since 1999.

Ronald Rossetti, chairman and CEO of Tier Technologies, said: Official Payments has a long history of providing electronic payment services to the IRS. We are delighted to continue this long-standing partnership. Next year will mark our 11th year allowing individual and small businesses taxpayers to make federal payments quickly, easily, and securely, online and over the telephone.

Tier Technologies primarily provides federal, state and local government and other public sector clients with electronic payment services. Headquartered in Reston, Virginia, Tier Technologies claims to serve over 3,300 electronic payment clients throughout the United States, including federal, state, and local governments, educational institutions, utilities and commercial clients. Through its subsidiary, Official Payments Corporation, Tier delivers electronic payment services for a wide range of markets.

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