• TIO hits 30 straight quarters of billpay transaction growth

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North American multichannel expedited bill-payment network TIO Networks Corp. recently released its transaction volumes for the second quarter of 2010, ending with January, and the company has now made 30 straight quarters of continued growth.

The growth trend in month-over-month transaction volumes increased substantially throughout the quarter, with January recording the company's best month ever with 771,210 transactions processed, accounting for more than $2M CAN in transaction revenue. 

Business growth with new and existing clients, along with growing consumer demand for the company's expedited bill payment products, is driving network and revenue growth, according to TIO. 

Quarter

Transactions

Transaction Revenue ($US)

% Growth in US Dollars vs. Q2/2010

Transaction Revenue ($CAN)

% Growth in CDN Dollars vs. Q2/2010

*Q2/2010

2,031,393

$5,119,733

N/A

$5,383,804

N/A

Q1/2010

1,827,699

$4,671,282

9.6%

$5,019,192

7.3%

Q2/2009

1,668,571

$4,265,470

20%

$5,234,402

2.9%

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