News

TIO Networks activates 2,000th location

April 1, 2007

BURNABY, British Columbia - TIO Networks Corp., provider of nonbank financial services, has activated its 2,000th location.

TIO Express, the company's clerk-assisted payment program, has contributed to the company's expansion because of its cost-effective deployment model and rapid absorption among a number of TIO's clients, the company said. TIO Express enables location partners to leverage TIO's Internet-based bill-payment processing gateway and accept payments for time-sensitive services.

"Considering it took the company over four years to reach its 1,000th location milestone, we are very pleased with having reached our 2,000th location milestone in just a few additional months,"said Hamed Shahbazi, TIO Networks' chairman and chief executive.