[July 30, 2004] City of Toledo Offers New Electronic Tax Payment Options STAMFORD, Conn. --(Business Wire)-- July 30, 2004 -- Official Payments Corp.(R), a wholly owned subsidiary of Tier Technologies, Inc., today announced that citizens of Toledo, Ohio, can now make credit and debit card payments for income, estimated and withholding taxes by visiting www.officialpayments.com, or by calling 1-800-2PAY-TAX(SM). City of Toledo taxpayers may, for the first time, make income, estimated and withholding tax payments electronically by using a VISA(R), American Express(R), Discover(R) or MasterCard(R). The system is now accepting estimated withholding tax payments that are due July 31st. As July 31st falls on a Saturday this year, these payments will be accepted through August 2nd, the next business day. The City of Toledo jurisdiction code required for telephone payments is 4539. This service will provide Toledo taxpayers with a secure electronic credit and debit card tax payment option to make tax payments via the Internet or over the phone. "Consistent with our mission of providing our citizens with responsive and user friendly tax services, we are pleased to provide Toledo with this secure electronic credit and debit card tax payment option," said Thomas S. Crothers, Acting Director, City of Toledo Department of Finance. "We're delighted that The City of Toledo is now offering its constituents the option of making tax payments via the Internet or over the phone through our proven systems," said James R. Weaver, Tier's Chairman and Chief Executive Officer. "The City of Toledo, Ohio's fourth largest city, joins with our long-standing client Lucas County, and 35 other counties, cities and the state government of Ohio in offering this convenient service. The City of Toledo collected approximately $155 million in income and withholding taxes last year." Official Payments provides electronic payment services for the Internal Revenue Service, 22 states, the District of Columbia and more than 1,500 local government clients nationwide. Official Payments' principal business is processing electronic payments on behalf of government entities via its Web site, www.officialpayments.com, and its toll-free telephone number, 1-800-2PAY-TAX(SM). Official Payments charges citizens a convenience fee for the service. Citizens 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 taxes and fees. About Tier Tier is a leading provider of transaction processing and packaged software and systems integration services for public-sector clients. We combine our understanding of enterprise-wide systems with domain knowledge enabling our clients to rapidly channel emerging technologies into their operations. We focus on sectors that we believe are driven by forces that make demand for our services less discretionary and are likely to provide us with recurring long-term revenue streams. Tier is included in the Russell 3000(R) Index. More information about the Company is available at www.Tier.com. Statements made in this press release that are not historical facts, are forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. 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, including but not limited to the timing, initiation, completion, renewal, extension or early termination of client projects; the potential loss of funding by clients, including due to government budget shortfalls or revisions to mandated statutes; failure to achieve anticipated gross margin levels with respect to individual projects, including due to unanticipated costs; failure by end consumers to make payments with credit or debit cards or electronic checks through Official Payments Corporation; impact of lower transaction volumes than anticipated; and unanticipated claims as a result of project performance, including due to the failure of software providers or subcontractors to satisfactorily complete engagements. 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, 2003, Form 10-Q for the quarter ended March 31, 2004, as well as other filings with the SEC. [ Back To TMCnet.com's Homepage ]