Tio Networks Corp., North America's leading automated bill payment and financial services network (TSX-V: TNC) and DolEx Dollar Express, Inc. ("DolEx"), one of the largest and fastest growing money transfer companies in the United States and a subsidiary of Global Payments Inc. (NYSE:GPN), have signed an agreement whereby DolEx will utilize Tio's bill payment processing services at DolEx money transfer branch locations.
As part of the agreement, DolEx will leverage TIO's transactional Bill Payment Automated Programming Interface (API) to process its customers' bill payment transactions with TIO's direct biller portfolio. Earlier this month, TIO launched its new bill payment service at DolEx. Cash preferred customers can now easily and conveniently pay wireless, utility and cable bills to billers within TIO's portfolio at DolEx stores throughout the country.
"By working with TIO, we are able to initially add three large communication companies as authorized payees to our growing bill payment service. DolEx customers depend on these three communication companies everyday. We are pleased to offer the ability for our customers to make these payments at our DolEx locations, as they handle their other financial needs," said Matt Thomas, Vice President of Payment Service at DolEx. "We pride ourselves on understanding the needs of our broad customer base in providing value-based money transfer and bill payment services in our neighborhood branches."
"As both DolEx and TIO focus on serving the needs of the Hispanic consumer, we are confident TIO's bill payment services will prove to be successful with DolEx customers," said CEO of TIO Networks Corp., Hamed Shahbazi. "Indeed, we are very encouraged at the transaction volumes we have seen at the DolEx locations where we have already started processing bill payment transactions."