Tio Networks launches mobile bill payment platform

Source: Tio Networks

Tio Networks (TSX V: TNC)("TIO"), North America's leading multi-channel expedited bill payment processor, today announced the launch of its own mobile bill payment platform.

This new addition to TIO's list of payment channels enables participating billers to empower their customers to manage and pay bills anytime and from anywhere using their mobile smartphone.

"We are very excited about creating a platform to specifically address the needs of the millions of active smartphone users," said Hamed Shahbazi, Chairman and CEO of TIO Networks. "TIO's expedited payment service combined with its electronic bill presentment capabilities will provide the best mobile bill payments user experience for billers and their customers."

TIO's mobile payment platform will soon enable consumers to make expedited wireless, utility, cable and other payments on their iPhone OS or Android powered smartphones. TIO's mobile platform empowers customers with real time access to their account through an intuitive and rich user interface. Customers will be able to manage and pay their bills anytime from the convenience of their smartphone. Payments can be made using a credit / debit card or other electronic means.

"With the emergence of the smartphone, we believe that there will be a material shift in how people will manage their finances and lives. This new platform allows us to fully serve this market," added Mr. Shahbazi.

TIO's mobile payments platform also enables billers to develop a one to one marketing relationship with their customers by virtue of their smartphones. Billers who participate in TIO's mobile payments channel will soon be able to market products and services to customers directly via their customers' smartphones.

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