Global Express Accelerating Deployments in Emerging Rent Payment Market
SILVER SPRING, Md., May 15, 2014 /CNW/ - TIO Networks Corp.(TSX-V: TNC) ("TIO"), announced today that Global Express Financial Services, Inc. ("Global Express"), a TIO Networks Company, has partnered with the Housing Authority in Charlotte, N.C., to deliver a greatly enhanced customer experience through a new walk-in cash payments channel.
Demand for more secure and convenient cash payment systems is on the rise. Charlotte is the fourth Housing Authority to launch Global Express's innovative rent payment services. In recent months, Global Express has announced similar partnerships with the Housing Authority Management Offices of Washington, D.C., Richmond, VA and Durham, N.C.
"We are pleased to see Global Express gain traction in this new payment vertical, becoming the go-to source for flexible rent payment solutions," said Hamed Shahbazi, CEO and chairman of TIO Networks. "We have implemented walk-in programs that allow thousands of Housing Authority residents in the Mid-Atlantic region to pay rent when, where and how it is most convenient for them."
Leveraging Global Express's experience and technology into the emerging rental market demonstrates the company's ability to create new growth opportunities through innovative partnerships. The consumer funded rent payment program was deployed at no cost to the Housing Authority. Instead, residents pay a small transaction fee of $1.25 - saving them the cost and inconvenience of purchasing and mailing a money order. Residents also receive a time-stamped payment receipt and benefit by being able to pay in 21 Global Express payment locations in the area, including the Dareen Communications payment center in the downtown Charlotte Bus Terminal. The convenient locations, coupled with longer business hours, will dramatically improve the rent payment experience for residents.
Previously, Housing Authority residents who wanted to pay their rent in cash were limited to purchasing money orders and mailing or walking them into the main office during standard business hours. Global Express provides cash payment technology designed to save on balancing and labor for the housing offices while increasing convenience and security for residents.
On May 1, 2014 Global Express began rolling out 29 Charlotte Housing Authority properties. More than 2700 units will have access to Global Express cash payment services.
Global Express payment technology continues to gain traction in the emerging rental payment market offering a range of payment channels including cash, credit and debit card services depending on the specific agreement with each Housing Authority or rental management company.
To learn more, visit: http://www.global-express.net
About Global Express:
Established in 1963, Globex Financial Services, Inc. is one of the largest money order, bill payment and prepaid wireless companies in the United States. Operating through thousands of convenient retail points of service Globex has processed millions of "real-time" walk-in bill payments for utility companies, merchants and municipalities. Visit: www.global-express.net
About TIO Networks
TIO Networks is a cloud-based bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. With more than 65,000 endpoints, TIO symbolizes fast, convenient and secure bill payment. Visit: www.TIOnetworks.com. Join the conversation: www.twitter.com/tionetworks or Like us: http://www.facebook.com/tionetworks.
John Lewis, Business Development – TIO Networks
Nora Retana, Media Relations - TIO Networks
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. Potentially, many factors could cause our actual results to vary materially from those described herein as intended, planned, anticipated or expected. TIO Networks Corp. does not intend and does not assume any obligation to update these forward-looking statements.
SOURCE: TIO Networks Corp.
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