- Agreement adds over 35,000 location endpoints where a TIO bill payment
can be originated -
VANCOUVER, Feb. 28 /CNW/ - TIO Networks Corp., (TSX-V: TNC) ("TIO"),
North America's leading multi-channel expedited bill payment processor,
today announced a strategic alliance with MoneyGram International, Inc.
a leading global payment services company, to offer expedited bill
payment services at more than 35,000 MoneyGram agent locations across
the United States. Via this agreement, cash-preferred customers can
easily and conveniently make payments to select wireless, utility and
cable providers previously unavailable at MoneyGram locations in the
"This agreement extends TIO's reach and provides TIO billers with
unprecedented national coverage for walk-in bill payment services
across the United States," said Hamed Shahbazi, Chairman and CEO of TIO
Networks. "Both TIO and MoneyGram share a passion to serve the
customer with a high-quality expedited bill payment experience and
through this alliance we are doing that via 58,000 locations."
The two companies recently completed an IT integration in order to offer
real-time or same day payments to a number of TIO bill payment services
for major utility, wireless and cable billers.
TIO billers benefit from this expansion as their customers can now walk
into any of the 35,000 U.S. based MoneyGram locations such as
Albertsons LLC, CVS/pharmacy, and Walmart, and quickly and instantly
pay their bills. For a nominal service fee, customers can use the
expedited payment service to post payments the same day.
"We are excited about working with TIO to add new marquee billers to
MoneyGram's payment network," said Greg Waltz, vice president and
general manager of Global Payments at MoneyGram International.
About TIO Networks Corp.
TIO is the leading multi-channel expedited bill payment processor
serving the largest Telecommunication, Wireless, Cable and Utility bill
issuers in North America. With over 58,000 endpoints to its processing
network, TIO symbolizes fast, convenient and secure access to expedited
payment services. More information available at www.tionetworks.com
The TSX Venture Exchange has not reviewed this news release and does not
accept responsibility for its adequacy and accuracy.
SOURCE TIO Networks Corp.
For further information:
|Behshad Hastibakhsh, Media Relations - TIO Networks|
|604.298.4636, Ext. 250 |
|John Lewis, Business Development - TIO Networks|