Tier Announces Appointment of Chief Operating Officer

RESTON, Va. --(Business Wire)-- 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... [read full story]