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The purchase is part of Tier's previously disclosed $20 million stock repurchase program, according to a release.
Ronald L. Rossetti, Chairman and Chief Executive Officer of Tier, said, "As previously announced, we continue to see long-term investment value in our common stock and will purchase additional shares from time to time to enhance shareholder value."
Tier Technologies provides federal, state and local government and other public sector clients with electronic payment processing and other transaction processing services.
More Information:
www.tier.com
www.officialpayments.com
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