TIO transaction revenue up 5% for quarter, 17% for year

TIO transaction revenue up 5% for quarter, 17% for year
Tags: Multifunction ATMs, North America, Public Companies, TIO Networks Corp., Transaction Processing, Underbanked / Unbanked
September 9, 2009

Expedited bill-payment processor TIO Networks Corp. today announced its transaction revenue results for the fourth quarter ended July 2009.

With $4.6 million in revenue from 1.8 million transactions, TIO achieved quarterly transaction growth of 5 percent over Q3 2009 and 17 percent over Q4 2008. The company says it has processed nearly 600,000 transactions through its 18,000 endpoints over the last 30 days, valued at $48 million.

The preliminary figures will be confirmed when TIO releases its Q4 and annual earnings for the fiscal year ended July 31, the company says.