~ Innovative Cash Payment Services From Global Express Changing How Residents Pay Rent
SILVER SPRING, Md., May 7, 2014 /CNW/ - TIO Networks Corp.(TSX-V: TNC) ("TIO"), a North American bill pay technology company known for its innovative financial services, announced today that Global Express Financial Services, Inc. ("Global Express"), a TIO Networks company, has partnered with the District of Columbia Housing Authority to provide its residents with new and more convenient ways to pay rent at over 100 nearby retail locations.
"Residents will now have access to the Global Express network where their rent can be paid in cash," said Lyle Wolinksy, vice president of marketing and sales at Global Express. "They will also have the added convenience of doing so at Global Express and ACE check cashing locations in D.C. and Shoppers Food and Pharmacy stores in nearby Maryland, where they will receive a paper receipt, which wasn't possible with mail-in payments. Cash payments at Global Express locations will also generate an electronic record of the transaction, an important upgrade to the Housing Authority's previous rent payment system."
The added benefit for the D.C. Housing Authority is the capability to electronically account for cash payments, which are now credited the same day to the rent roll. In addition, payments via Global Express will reduce the labor required to handle payments. From an accounting perspective, this new technology brings much needed improvements and control to the entire process.
"Housing Authority residents are customers who prefer cash and this is our core customer," said Hamed Shahbazi, CEO and chairman of TIO Networks. "These new payment solutions will eliminate many of the inconveniences for residents and make it easier for those who wish to pay with cash. We are committed to meeting the needs of our Global Express clients, like the Housing Authority, by providing the most innovative and secure payment processes."
This partnership with the D.C. Housing Authority is the third of its kind. Just eighteen months after Global Express launched its first partnership with the Housing Authority of Richmond, Virginia, rent payments for 3000 of their 4000 units are being made using Global Express services. To learn more, visit: http://www.global-express.net
About Global Express:
Established in 1963, Globex Financial Services, Inc. is one of the largest money order, bill payment and prepaid wireless companies in the United States. Operating through thousands of convenient retail points of service Globex has processed millions of "real-time" walk-in bill payments for utility companies, merchants and municipalities. Visit: www.global-express.net
About TIO Networks
TIO Networks is a cloud-based bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. With more than 65,000 endpoints, TIO symbolizes fast, convenient and secure bill payment. Visit: www.TIOnetworks.com. Join the conversation on www.twitter.com/tionetworks or Like us on http://www.facebook.com/tionetworks.
John Lewis, Business Development
Nora Retana, Media Relations
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. Potentially, many factors could cause our actual results to vary materially from those described herein as intended, planned, anticipated or expected. TIO Networks Corp. does not intend and does not assume any obligation to update these forward-looking statements.
SOURCE: TIO Networks Corp.
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