~ Customers now paying their bills at 100 Nexxo money transfer machines ~
BURNABY, BC, Sept. 16 /CNW/ - TIO Networks Corp., (TSX-V: TNC) ("TIO"), North America's leading multi-channel expedited bill payment processor, and Nexxo Financial Corp. ("Nexxo") the leader in self-serve remittance for the U.S. Hispanic market, today announced the expansion of their partnership with the launch of TIO expedited bill payment services on 100 Nexxo Financial kiosks or "Cajeros." This follows the December 2008 announcement of the deployment of Nexxo's self-serve automated money transfer service onto TIO's network of self-service cash accepting kiosk terminals at participating retail stores in Phoenix, Tucson, Houston, San Antonio, Austin, and El Paso.
TIO bill payment is a convenient, safe and secure way for the underbanked marketplace to securely and easily pay bills with cash and experience expedited posting of their funds to their accounts.
It is an exciting development in the evolution of Nexxo to be able to offer more services on our Cajeros, said David Alvarez, Chief Executive Officer for Nexxo Financial. "Customers can now benefit even more from being a Nexxo Financial customer with the convenience and ease of paying their bills in addition to conducting money wire transactions."
Nexxo Cajeros are small, ATM-like machines that allow the sender to use a touch-screen to conduct a money transfer transaction simply following the prompts and submitting the cash they want to send into the secured machine.
"We're excited to welcome Nexxo Financial to the TIO Network and offer their customers a premium bill payment service," said Hamed Shahbazi, Chairman and Chief Executive Officer of TIO Networks. "This expansion illustrates the capability of our API technology to quickly grow the network of bill payment kiosks served by TIO without incurring additional capital expenditures."
About TIO Networks Corp.
TIO is the leading multi-channel expedited bill payment processor serving the largest Telecom, Wireless, Cable and Utility bill issuers in North America. With over 18,000 endpoints to its processing network, TIO symbolizes fast, convenient and secure access to expedited payment services. www.TIOnetworks.com
About NEXXO Financial Corporation
Nexxo Financial Corporation is the leader in self-serve remittance to Mexico, Central and South America leveraging patent-pending technology to make sending money easy, convenient and affordable for the U.S. Hispanic community. Nexxo Financial operates more than 100 proprietary Nexxo Cajeros throughout California and, in partnership with a network of privately operated self-service financial service kiosk operators, offers the Nexxo-service through more than 850 locations throughout California, Arizona and Texas.
Nexxo Financial has an increasing network of more than 21,000 bank branches and pick-up centers in Mexico, Central and South America. Consumers can visit www.minexxo.com to find a list of Nexxo Cajero locations in their community (available in Spanish and English). For corporate information, visit www.nexxofinancial.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: 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, Toll Free (877) 954-6327, Email: jrlewis@TIOnetworks.com; Freddie Seba, VP Business Development - Nexxo Financial Corporation, Tel: (650) 989-7418, E-mail: Fseba@nexxofinancial.com; Sandra A. Bernardo, Media Relations - Nexxo Financial Corporation, Tel: (949) 253-4618, E-mail: firstname.lastname@example.org