VANCOUVER, British Columbia--(BUSINESS WIRE)--TIO Networks Corp., (TSX VENTURE:TNC) (“TIO”), North America’s leading multi-channel expedited bill payment processor announces that early last week TIO’s bill payment platform has processed over $1million dollars of bill payments since taking its first transaction on December 18, 2010. TIO’s first mobile bill payment “app” is in the top 2% of Apple’s “best selling” free finance apps,(approximately 3100) on the apple app store. It was recently ranked as one of the top 50 “best selling” free finance apps.
As of last week, the mobile platform had processed well over 5000 transactions, indexed over 5000 different bills and enrolled approximately 10,000 members who have initiated the application approximately 50,000 times.
TIO has a number of new mobile application launches planned for calendar 2011 that will enable customers across the United States to pay their general purpose consumer bills using smartphone devices,” said Hamed Shahbazi, TIO’s Chairman and CEO, “We have received very enthusiastic feedback from our mobile bill pay users that using our smartphone app to pay bills is a much better customer experience than paying via a phone call. With this customer validation in hand we are actively designing new mobile apps that can be used by a greater number of the US bill paying public.”
TIO’s mobile platform permits utility, cable and wireless operators of any size to enable their bills for payment through a free downloadable smart phone app that enables their customers to make time sensitive consumer bill payments and provides useful payment information.
About TIO:
TIO is the leading multi-channel, (self service, clerk assisted, mobile, web), expedited bill payment processor serving the largest Telecom, Wireless, Cable and Utility bill issuers in North America. With over 58,000 endpoints to its processing network, TIO symbolizes fast, convenient and secure access to expedited payments.
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