The TIO Network Surpasses 58,000 Physical Location End-points through Strategic Alliance with MoneyGram International

- 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 U.S.

"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
Tel:  
Toll Free: 
Email:  
604.298.4636, Ext. 250     
888.679.3322
pr@TIOnetworks.com  
John Lewis, Business Development - TIO Networks
Tel:  
Toll Free: 
Email: 
416-364-2266

877-954-6327

jrlewis@TIOnetworks.com


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