TIO Networks Launches Cross Border Bill Payment Service

~ Customers pay their families' bills across Latin America through self-serve automated kiosks ~

VANCOUVER, Oct. 25 /CNW/ - TIO Networks Corp. (TSX-V: TNC) (“TIO”), North America’s leading multi-channel expedited bill payment processor, today announced that it has expanded its partnership with IPP of America Inc. (“IPP”) and iSend to provide consumers with easy access to cross border bill payment services at participating convenience store and retail locations in the TIO network. 

Cash-preferred customers use self-serve automated kiosks to securely and conveniently pay their families’ wireless, utility, cable and other bills, and recharge cellular phones for relatives in Central and South American countries, including but not limited to Mexico, Guatemala, Honduras, Brazil, Jamaica, and the Dominican Republic. This service is available for a convenience fee per transaction and will be expanded with additional countries and services on a periodic basis. Content for this service is provided by IPP, a leading provider of retail payment services, through its partnership with iSend, a leading provider of international electronic payments to Latin America and the Caribbean.

Payments can be made 24 hours a day, seven days a week, by inserting cash directly into the terminal’s bill acceptor. Once the cash is accepted, TIO uses an Internet link to ensure real time connection to the customer’s account with most payments posting the same day. 

“Consumer demographics for International billing indicate this service will be a great fit for our kiosk channel and a strong addition to our product portfolio,” stated Hamed Shahbazi, Chairman and CEO of TIO Networks.

“We are pleased that TIO immediately saw the value in leveraging our international bill payment offering to their self-service network. Based on our experience, we know that there is a strong demand for offering these services to the cash-preferred consumer who pays bills in their home country,” said Rick Auletta, Chief Operating Officer, IPP of America.

"By adding the fast growing Cross Border Bill Payments and Cross Border Mobile Recharge to its network, TIO Networks has once again demonstrated its leadership position within expedited payment services," said Steve LaBella, President and CEO, iSend. "These new products will allow TIO to further service its diverse consumer base."

About TIO Networks Corp.

TIO is the leading multi-channel expedited bill payment processor in North America. With over 22,000 location endpoints to its processing network and a growing online origination business, TIO symbolizes fast, convenient and secure access to expedited payment services. www.TIOnetworks.com

About IPP of America

IPP of America, Inc. ("IPP"), a leading provider of retail electronic payment services, operates the largest national network of independent neighborhood-based payment centers, providing reliable and safe electronic payment services to cash paying customers. Through their Payment Settlement Network, IPP authorized payment centers offer a wide array of alternative financial services including domestic and international electronic bill payment, prepaid long distance and prepaid wireless epins. The company's payment center network currently extends to over 17,000 locations nationwide. For more information visit us at www.ipppays.com.

About iSend

iSend is a leading provider of international electronic payments from the United States to Mexico, Central and South America and the Caribbean. iSend services provide consumers based in the U.S. a secure, convenient and economical solution to directly pay bills and recharge cellular phones of family in their home countries through thousands of retail partner locations. For more information visit us at www.isendonline.com

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.

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For further information:

Behshad Hastibakhsh, Media Relations - TIO Networks  
Tel:  [phone], Ext. 250     
Toll Free: 888.679.3322
Email:  [email protected]

John Lewis, Business Development - TIO Networks
Tel:  [phone]
Toll Free: 877-954-6327
Email:  [email protected]