"MyTIO(TM)is a customer service program that enables customers to store,
manage and use their account information on the TIO Network"
BURNABY, BC, Oct. 19 /CNW/ - TIO Networks Corp., North America's leading
automated bill payment and financial services network (TSX-V: TNC) today
announced its new myTIO(TM) membership program that enables customers to store
and use account information associated with bill payment and other financial
services directly from a TIO bill payment kiosk or hybrid ATM terminal.
Enrollment in myTIO(TM) is a free service for bill payment customers.
When customers authenticate themselves, myTIO(TM) creates a personalized
account where they can consolidate their bill payment information, alleviating
the need to remember individual account numbers. Members only need their phone
and password to securely access their accounts and conduct transactions.
myTIO(TM) membership will have its privileges, as members will be offered
special rates on bill payment and other financial services and are also
eligible for exclusive promotions.
"myTIO(TM) is a critical component of TIO's product strategy moving
forward," said Hamed Shahbazi, CEO of TIO Networks. "Our ability to increase
customer retention, payment frequency and introduce new products and services
are significantly enhanced when we build a closer relationship with the
customer. myTIO(TM) is a powerful tool to develop that relationship en masse
and create greater brand recognition and customer loyalty."
"myTIO(TM) has required us to make R&D investments to upgrade our system
and network architecture," said Steve Barha, CIO of TIO Networks. "We are more
confident than ever as to the scalability, flexibility and security of our
myTIO(TM) has been designed with business automation in mind as a fully
functional application programming interface, API, that is ready for use by
TIO's distribution partners to extend the myTIO(TM)experience to any device.
Management expects to deploy myTIO(TM) in select US markets in November 2007
followed by a full network deployment by the first quarter of the 2008
About TIO Networks Corp.
TIO Networks Corp. powers the largest and most convenient national
network of cash accepting ATMs for bill payment and prepaid services for the
'cash preferred' consumer marketplace in North America. TIO symbolizes safe
secure access to key financial services. For more information, please visit
The TSX Venture Exchange has not reviewed this news release and does not
accept responsibility for its adequacy and accuracy.
For further information:
For further information: Behshad Hastibakhsh, Media Relations - TIO
Networks, Tel: (604) 298-4636, Ext. 250, Toll Free: (888) 679-3322, Email:
pr@TIOnetworks.com; John Lewis, Business Development - TIO Networks, Tel:
(416) 364-2266, Email: jrlewis@TIOnetworks.com