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How they describe themselves: TIO Networks (TSX.V: TNC) is a cloud based multi-channel bill payment processor serving the largest telecom, wireless, cable, and utility bill issuers in North America, enabling these companies to provide bill payment services to the population of over 60 million under-banked consumers.  With more than 55,000 physical location endpoints to its bill payment processing network, TIO symbolizes fast, convenient, and secure access to expedited payment services. TIO Wallet will change the way the under-banked pay their bills while providing an onramp to a personal financial management platform that will include services such as credit building, micro finance, and money remittance.

How they describe their product/innovation: TIO MobilePay is the first mobile application in North America to offer customers the ability to pay thousands of telecom, utility, financial service and insurance bills safely and conveniently using their Visa or MasterCard credit/debit card. By offering same-day expedited payment processing, we help our customers avoid expensive late fees and service interruptions. Unlike traditional online and mobile banking applications, TIO MobilePay is the only smartphone application that lets customers pay all their bills in one place with their credit card, keeping cash in their pocket longer while earning reward points.

Contacts:

Bus. Dev.: Steve Barha, EVP Mobile & Web, steve.barha@tionetworks.com
Press: Rob Goehring, CMO, rob.goehring@tionetworks.com
Sales: Conal Campbell, Director of Business Development, conal.campbell@tionetworks.com