News
TIO Networks adds 5,000-plus transaction endpoints through new partnership
July 8, 2009
BURNABY, British Columbia — TIO Networks Corp., a multichannel expedited bill-payment processor, has announced that Budget PrePay Inc., one of the United States' largest networks for marketing prepaid products, will process TIO bill payments at more than 5,000 of its locations in 45 states.
According to a news release, Budget PrePay will leverage TIO's transactional bill-pay interface to gain access to TIO's expedited bill-payment processing capabilities, which include wireless, utility and cable bill issuers.
With TIO's processing capabilities, cash-preferred customers will be able to pay their wireless, utility and cable bills at Budget PrePay stores throughout the country. Customers will pay a service fee to use the expedited payment services.
The parties expect to activate the locations on the TIO network this summer and implement a marketing campaign to create greater awareness for the new services amongst Budget PrePay's customer base and build transaction volumes.
Transaction ProcessingRetail / Off-PremisesUnderbanked / UnbankedOtherNorth AmericaTIO Networks Corp.
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