Later today, TIO Networks demonstrated how its MobilePay solution allows customers to pay their bills using a credit card:
"TIO MobilePay is the first mobile application in North America to offer customers the ability to pay thousands of telecom, utility, financial service and insurance bills safely and conveniently using their Visa or MasterCard credit/debit card. By offering same-day expedited payment processing, we help our customers avoid expensive late fees and service interruptions.
Unlike traditional online and mobile banking applications, TIO MobilePay is the only smartphone application that lets customers pay all their bills in one place with their credit card, keeping cash in their pocket longer while earning reward points."
Product Launched: May 2012
HQ Location: Vancouver, BC, Canada
Company Founded: August 1997 (founded as Infotouch Technologies Inc.)
Metrics: Over $1 billion in transactions processed per year; Over $42 million in annual revenues; Over 1.5 million transactions per month; 180,000 TIO Members powered by the TIO Wallet; Top 10 Finance App in Apple App Store (PG&E Mobile Bill Pay, powered by TIO); Reach 10K billers electronically
Introducing Conal Campbell (Director, Business Development) and Rob Goehring (Chief Marketing Officer)