Published: March 11, 2010
TIO Launches Mobile Payment Platform
VANCOUVER - (BUSINESS WIRE) - TIO Networks (TSX V: TNC)("TIO" ), North America's leading multi-channel
expedited bill payment processor, today announced the launch of its own
mobile bill payment platform. This new addition to TIO's list of payment
channels enables participating billers to empower their customers to
manage and pay bills anytime and from anywhere using their mobile
smartphone.
"We are very excited about creating a platform to specifically address
the needs of the millions of active smartphone users," said Hamed
Shahbazi, Chairman and CEO of TIO Networks. "TIO's expedited payment
service combined with its electronic bill presentment capabilities will
provide the best mobile bill payments user experience for billers and
their customers."
TIO's mobile payment platform will soon enable consumers to make
expedited wireless, utility, cable and other payments on their iPhone OS
or Android powered smartphones. TIO's mobile platform empowers customers
with real time access to their account through an intuitive and rich
user interface. Customers will be able to manage and pay their bills
anytime from the convenience of their smartphone. Payments can be made
using a credit / debit card or other electronic means.
"With the emergence of the smartphone, we believe that there will be a
material shift in how people will manage their finances and lives. This
new platform allows us to fully serve this market," added Mr. Shahbazi.
TIO's mobile payments platform also enables billers to develop a one to
one marketing relationship with their customers by virtue of their
smartphones. Billers who participate in TIO's mobile payments channel
will soon be able to market products and services to customers directly
via their customers' smartphones.
About TIO Networks Corp.
TIO is the leading multi-channel expedited bill payment processor
serving the largest Telecom, Wireless, Cable and Utility bill issuers in
North America. With over 18,000 endpoints to its processing network, TIO
symbolizes fast, convenient and secure access to expedited payment
services. www.TIOnetworks.com
The TSX Venture Exchange has not reviewed this news release and does not
accept responsibility for its adequacy and accuracy.
TIO Networks
Behshad Hastibakhsh, Media Relations, 604-298-4636,
Ext. 250
888-679-3322
pr@TIOnetworks.com
or
John
Lewis, Business Development, 416-364-2266
877-954-6327
jrlewis@TIOnetworks.com
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