Tier Awarded Financial Institution Data Match Contract with State of New York.

RESTON, Va. -- Tier Technologies, Inc. (Nasdaq:TIER), a leading provider of transaction processing and packaged software and systems integration solutions for public sector clients, announced today that it has signed a three-year contract with the New York State Office of Temporary and Disability Assistance, with extension options for up to two years.

This contract authorizes Tier to operate a Financial Institution Data Match (FIDM) program that will match delinquent child support obligors against account records with financial institutions conducting business in the State of New York. Federal law requires all states to develop and operate a FIDM program under which all ...

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