May 16 , 2016
PChargesmart.com rebrands as TIO.com, becoming TIO's direct-to-consumer destination
VANCOUVER--TIO Networks Corp., North America's leading cloud-based bill payment processor announced the launch of TIO.com, a mobile optimized web portal where consumers can pay bills in less than a minute from any Internet enabled device. TIO.com offers access to over 9,000 common U.S. household and consumer bills, ranging from utility, telecom, auto, mortgage, cable, satellite, and much more.
TIO.com is the Company's first TIO branded direct-to-consumer web payments experience. It offers users the ability to safely store account information and payment history in the TIO cloud or to make quick, one-time payments without registering. Payments can be made with debit, credit or prepaid cards.
"The rebrand of Chargesmart.com as TIO.com is a strategically important milestone for TIO. We now have a TIO branded consumer experience, seamlessly connecting physical and virtual bill pay destinations," said Jake Cunningham, VP of Consumer Payments at TIO Networks. "Since acquiring ChargeSmart.com in 2014, it was a natural progression to cohesively integrate in a way that improves user experience across every touch point."
Chargesmart.com has processed more than $1.2B in online payments alone since its inception in 2008. Once coupled with TIO's walk-in bill payment network, which processes more than $8B in payments annually, it will be a unique platform that services a significant number of people who are paying bills outside of mainstream banking channels.
"Consumer demand is growing for simplified ways to pay bills, particularly from the underbanked and low-to-moderate income population whose options are limited." said Hamed Shahbazi, CEO of TIO Networks. "Our vision is to evolve TIO.com into a direct-to-consumer financial leader with bill pay serving as a primary and fundamental service offering. Our plan is to add incremental and contextually relevant services and expand to new geographies in the future.
The launch of TIO.com follows the recent acquisition of Softgate Systems, Inc., making TIO the largest, fully licensed provider of walk-in bill pay services in the U.S. Consumers can pay bills in cash at over 66,000 locations throughout the U.S.
"We're dedicated to creating a bill pay experience that integrates physical and digital experiences, making it easy for consumers to move from bricks-to-clicks and clicks-to-bricks wherever and whenever they need to, and TIO.com achieves this." said Shahbazi.
TIO Networks is a cloud-based multi-channel bill payment processing and receivables management provider, serving the largest telecom, wireless, cable, and utility bill issuers in North America. TIO integrates with the back office of billing systems to accept, validate, and collect payments outside of the traditional bank channel, via self-service kiosk, retail walk-in, mobile, and web solutions. With over 66,000 endpoints in its processing network, TIO symbolizes fast, convenient, and secure access to expedited bill payment services.