Electronic payment processing provider Tier Technologies, Inc. (Nasdaq: TIER), made drastic changes last month including moving its corporate headquarters from Reston, Virginia to Norcross, Georgia in the Atlanta metro.
The move seemed to be well underway by early December 2011 with corporate phone numbers changes and space the company already had leased in the Atlanta metro.
Tier Technologies made another big change with replacement of its current company name. The company whose clients range from consumers to the federal government will now be known as Official Payments Corporation and trade under the symbol "OPAY" on the Nasdaq stock exchange.
The changes are supposed to take effect January 4, 2011. Official Payments Corporation is 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."