Tier Technologies, Inc., Changes its Name to Official Payments Holdings, Inc., Effective January 3, 2012

Tier Technologies, Inc. (Nasdaq: TIER), a leading provider of
electronic payment solutions for the biller direct market, today
announced that it has completed its name change to Official
Payments Holdings, Inc. The name change was previously approved by
shareholders. Effective Wednesday, January 4, 2012, Official
Payments Holdings, Inc., will trade under the new Nasdaq ticker
symbol OPAY. Official Payments Corporation remains a wholly owned
subsidiary of Official Payments Holdings, Inc. Adopting our new
name completes the transition to a company that is singularly
focused on providing enhanced payment solutions, said Alex P. Hart,
President and CEO. Most of our clients and customers have known us
by our Official Payments brand for years. This new corporate name
both simplifies and strengthens our branding and builds on our
established market leadership. About Official Payments Holdings
Official Payments Holdings, Inc. (Nasdaq: OPAY) is a leading
provider of electronic payment solutions in the biller direct
market. Headquartered in Norcross, Georgia, the company provides
enhanced electronic payment services that include multiple payment
choices, payment channels, and bill payment products and services
to over 4,600 clients in all 50 states and the District of
Columbia. Official Payments serves clients in multiple markets
including federal, state, and local governments, educational
institutions, and utilities. Consumers may pay federal taxes, state
and local taxes, property taxes, and other bills such as utilities
and college tuition with credit cards, debit cards, electronic
checks and alternative payment methods via online, telephone, point
of sale and other channels by visiting www.OfficialPayments.com.
Corporate information is available at
www.OPAY.OfficialPayments.com.