News

TIO closing in on 30 consecutive quarters of revenue growth

December 27, 2009

TIO Networks Corp. last week announced that the company's first quarter results for fiscal year 2010 marked the 29th consecutive quarter that TIO has seen growth in both transactions and revenues.

The company, owner of North America's leading multi-channel expedited bill payment network, announced that it had generated revenues in excess of $5.15 million in the first quarter, which ended Oct. 31, and hit its goal for the 2009 calendar year of more than 20,000 activated locations.

"To date, TIO's core business has been focused on providing expedited bill payments for customers that pay their bills in person", Hamed Shahbazi, chairman and CEO of TIO Networks, said in a release. "Going forward, we see numerous opportunities to leverage our API platform to generate strong growth this year in the walk-up payments industry and break new ground in last-minute bill payment services for new channels such as mobile and web."