Tier Technologies Inc.

James R. Weaver served as Tier s Chief Executive Officer from August 31, 2003 until May 31, 2006. Mr. Weaver s base salary and MIP payout were determined in accordance with the criteria described in the Annual Base Salary and Management Incentive Plan sections of this report. During fiscal year 2006, Mr. Weaver s base salary was $550,000, and he did not receive a bonus.

Mr. Rossetti has served as a director of Tier since November 1995. Since February 1997, he has served as President of Riverside Capital Partners, Inc., a venture capital investment firm. Since 1997, Mr. Rossetti has also been a general partner in several real estate limited liability companies, all commonly controlled by Riverside Capital Holdings. Mr. Rossetti was a certified public accountant with the Boston office of Coopers & Lybrand (now PricewaterhouseCoopers LLP) from 1966 through 1972. Mr. Rossetti is on the Board of Horizon Natural Resources, the advisory board of Hamilton Associates and serves as a trustee of Northeastern University. He received a B.S. from Northeastern University.

Nina brings with her extensive knowledge and experience of the electronic payment processing space at both a strategic and tactical level having served as President of Business Office Solutions from 2001 through September 2008, a division of Sallie Mae Inc., which provides business office reengineering services to universities, colleges, associations and the K-12 marketplace utilizing internet-based technologies. From October 1994 until 2001, Nina also served as Director, Cash Management and Banking Strategies, Corporate Finance for Sallie Mae.

Mr. Johnston has worked as a CFO consultant for various companies through Tatum LLC, a professional services firm; as Chief Financial Officer and Treasurer for Grantham Education Corporation, a for-profit post-secondary university, and as Chief Financial Officer for WorldSpace Corporation, a satellite broadcast and content development company.

Mr. Kendrick has extensive experience in strategic marketing, with particular emphasis on the electronic payment processing space, having worked as SVP, Corporate Marketing and Strategy with EFunds Corporation a publicly traded enterprise payments and data solutions company; as CEO and co-founder of Verticate Corporation an analytical software company focused on fraud detection in the retail drug transaction industry; as COO and EVP of Mindport Inc. a global pay-media services provider, as well as holding key executive operational and strategic marketing positions with HNC Software, Bank One Credit, Message Media, AT&T Universal Card Services, and MasterCard International.

Michael Lawler manages Tier Technologies' Electronic Payment Processing business unit, which includes Official Payments. Mr. Lawler joined Tier Technologies in 2004 after a distinguished career as founder and CEO of EPOS Corporation.

Keith Omsberg was appointed Vice President, General Counsel and Secretary in April 2008. Mr. Omsberg is responsible for company legal functions including compliance, governance, litigation, and intellectual property. Prior to this appointment, Mr. Omsberg was Vice President, Assistant General Counsel and Assistant Secretary at Tier since June 2002. Mr. Omsberg joined Tier from Peoplesoft, Inc., and has practiced law in various corporate legal departments and law firms since 1988. Mr. Omsberg is a member of the California bar and is licensed to practice in Virginia.

Mr. Berger has served as a director of Tier since January 2002. Since April 2003, he has served as President and Chief Executive Officer of Nuance Communications, Inc., a publicly traded company that develops and markets speech recognition software. From December 2001 to December 2002, he was President and Chief Executive Officer of Vicinity Corporation, a publicly traded company providing location-based marketing services. Vicinity was acquired by Microsoft Corporation in December 2002. He has also served as the managing director of Volatilis, LLC, a private investment and aviation services firm, since its founding in June 2001. Prior to forming Volatilis, Mr. Berger served as Chairman and Chief Executive Officer of AdForce, Inc., an online advertising company, from July 1997 to June 2001. AdForce provided on-line advertising management and delivery services to publishers, completed an initial public offering in May 1999 and was acquired by CMGi, an Internet operating and development company, in January 2000. Previously, Mr. Berger served as Chairman and Chief Executive Officer of Radius, Inc., a maker of peripheral products for graphics and video applications, from 1993 to 1997. Prior to joining Radius, Mr. Berger was Senior Vice President for Worldwide Sales, Operations and Support at Claris Corporation, a developer of desktop-to-web information management software, from 1992 to 1993. Mr. Berger is also on the Board of Directors of Nuance Communications, Inc., Vicinity Corporation, Efficient Market Services and FreeFlyer, Inc. Mr. Berger received a B.S. from Bucknell University and an MBA from the University of Santa Clara.

Mr. Cabot has served as a director of Tier since January 1997. He has served as President of Samuel Cabot Inc., a manufacturer and marketer of premium quality exterior stains and architectural coatings, since 1978, and as Chairman of its Board of Directors since February 2000. He is also on the Board of Directors of Plasticolors, Inc., Blue Cross Blue Shield of Massachusetts, Inc., Fiduciary Trust Co. and Reed & Barton Inc., and is Chairman of Associated Industries of Massachusetts (AIM). Mr. Cabot also served two years in Chile as a Peace Corps volunteer. Mr. Cabot received an A.B. from Dartmouth College and an MBA from Boston University.

Dave Poe is the Firm's Managing Director and is located in the San Francisco office. Dave started his business career as a CPA with Touche Ross & Company in 1976 prior to joining Edgar, Dunn & Company in 1980. Dave has primarily been involved in providing strategic business services to the financial services industry, with a particular focus on payment products. He has been involved in developing new products and business strategies, in assessing market opportunities, and in harmonizing marketing channel strategies between the physical and virtual world. Dave's clients have included full service financial institutions, card issuers and acquirers, global payments associations, and technology suppliers to the financial services and payments industry. He has conducted assignments throughout North America and Europe. Dave holds a Bachelor of Science degree from the University of Idaho; an MBA in Finance and Marketing from Northwestern University's Kellogg Graduate School of Management, and a Leadership in Professional Services Firms certificate from Harvard University's Graduate School of Business. Dave has been a frequent author and speaker for various financial services industry magazines and forums. He is on the Board of Directors of two companies that supply technology products and services to the payments industry.