Tio Networks, Presto chain offer self-service financial services

Tio Networks, Presto chain offer self-service financial services
Tags: Bank / Credit Union, Distributors / ISO / IAD, Kiosks/Self-Service, Multifunction ATMs, Other, Retail / Off-Premises, TIO Networks Corp., Underbanked / Unbanked
June 1, 2006

BURNABY, British Columbia - Tio Networks Corp., formerly Info Touch Technologies Corp., and Presto Convenience Stores are deploying self-service bill-payment and financial-services touchscreen terminals in stores in Wichita, Kan.

According to a news release, 10 terminals have already been deployed.

The terminals let cash-preferred customers pay bills and update accounts in English or Spanish. Customers also can purchase prepaid products and services as well as reload and activate stored-value products.

To make payments, customers feed cash into the note acceptor, and Tio posts payments in real-time via the Internet. After each transaction, customers can have receipts printed or e-mailed.

Tio will give a portion of transactional revenue to Presto.