"ACE, the largest chain of check cashing stores in the US to benefit from
a number of TIO's authorized bill payment products"
BURNABY, BC, Dec. 19 /CNW/ - TIO Networks Corp., North America's leading
automated bill payment and non-bank financial network (TSX-V: TNC) and ACE
Cash Express Inc., the largest chain of check cashing stores in the United
States today announced an agreement where a select number of TIO's authorized
bill payment products will be made available at ACE. ACE has a network of
1,735 stores in 39 states and the District of Columbia, consisting of 1,586
company-owned stores and 149 franchised stores.
ACE will utilize TIO's Application Programming Interface (API) to process
bill payment transactions with TIO's direct biller portfolio. By January 2008,
cash-preferred customers will be able to quickly and conveniently pay select
TIO processed bills in person at ACE stores throughout the country. TIO's
direct biller portfolio features expedited posting times, convenient look-up
functionality and secure posting features.
"We are delighted to work with one of the dominant service providers in
our industry," said Hamed Shahbazi, CEO of TIO Networks Corp. "Adding ACE's
locations to the TIO Network not only increases our number of location
endpoints but also enriches our portfolio of strategic partners. We look
forward to growing with and adding value to ACE."
About TIO Networks Corp.
TIO Networks Corp. powers the "Walk Up Financial Services" marketplace
with leading edge automated self-service and clerk assisted solutions. TIO
owns 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 fast, convenient, safe and secure
access to key financial services. For more information, please visit
About ACE Cash Express
ACE Cash Express, Inc. is a leading retailer of financial services,
including check cashing, short-term consumer loans, billpay and prepaid debit
card services, and the largest owner, operator and franchisor of check cashing
stores in the United States. As of December 2007, ACE had a network of 1,735
stores in 39 states and the District of Columbia, consisting of 1,586
company-owned stores and 149 franchised stores. ACE Cash Express focuses on
serving consumers who seek an alternative to traditional banking relationships
to gain convenient and immediate access to financial services.
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: John Lewis, Business Development - TIO
Networks, Tel: (416) 364-2266, Email: jrlewis@TIOnetworks.com