Tier Announces Appointment of Chief Operating Officer

  
    
  
  
    
      Tier Technologies, Inc. (Nasdaq: TIER) today announced the appointment 
      of Nina K. Vellayan as its Chief Operating Officer.
    
    
      "We are delighted to welcome Nina Vellayan to the Tier team as Chief 
      Operating Officer," said Ronald L. Rossetti, Chairman and Chief 
      Executive Officer for Tier. "Nina will bring successful business 
      experience to the Tier payment processing platforms. She will be able to 
      assist us in our continued growth and significantly streamline our 
      operating procedures and platforms."
    
    
      From 2001 through September 2008, Ms. Vellayan served as President of 
      Business Office Solutions, a division of Sallie Mae Inc., which provides 
      business office reengineering services to universities, colleges, 
      associations, the K-12 and the municipal tax marketplace utilizing 
      internet and IVR based technologies. From October 1994 until 2001, Ms. 
      Vellayan served as Director, Cash Management and Banking Strategies, 
      Corporate Finance for Sallie Mae.
    
    
      About Tier Technologies, Inc.
    
    
      Tier Technologies, Inc. primarily provides federal, state and local 
      government and other public sector clients with electronic payment 
      processing and other transaction processing services. Headquartered in 
      Reston, Virginia, Tier Technologies serves over 3,000 electronic payment 
      processing clients throughout the United States, including federal, 
      state, and local governments, educational institutions, utilities and 
      commercial clients. Through its subsidiary, Official Payments Corp., 
      Tier delivers payment processing solutions for a wide range of markets. 
      For more information, see www.tier.com 
      and www.officialpayments.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 Private 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, including, but not limited to: the 
      impact of governmental investigations; the potential loss of funding by 
      clients, including due to government budget shortfalls or revisions to 
      mandated statutes; the timing, initiation, completion, renewal, 
      extension or early termination of client projects; the Company’s 
      ability to realize revenues from its business development opportunities; 
      the timing and completion of the divestment of the Company’s 
      non-core assets; 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 fiscal year ended September 30, 2007 filed 
      with the SEC.