|[November 27, 2012]
TIO Adds Mobile Bill Pay App to its Suite of Services for El Paso Electric
VANCOUVER, British Columbia --(Business Wire)--
TIO Networks Corp., (TSX-V: TNC) ("TIO"), North America's leading
expedited bill payment company, today announced the launch of a mobile
app for El Paso Electric customers. The app allows El Paso Electric's
380,000 customers to pay bills using iPhones, iPads and Android (News - Alert)
smartphones and tablets. The program includes support for payments via
credit, debit and ACH to give customers the greatest flexibility with
their payment options.
The worldwide value of mobile payment transactions is set to rise 62
percent from $105.9 billion in 2011 to $171.5 billion this year,
according to Gartner (News - Alert), the world's leading information technology
research and advisory company. The El Paso Electric Mobile Bill Pay app
not only meets growing customer demand for mobile pay convenience, but
it also benefits customers with the added value of expediting payments
for same day processing.
"El Paso Electric is always looking for ways to improve customer
service," said Kerry Lore, Vice President of Customer Care at El Paso
Electric. "That's why we're very pleased to partner with TIO to offer
our customers a payment option that is quick and convenient."
TIO currently powers self-serve bill pay kiosks and walk-up payment
locations in west Texas and southern New Mexico for El Paso Electric
customers. These locations allow customers to pay bills via csh with
the option of same day processing. The El Paso Electric Mobile Bill Pay
app is compatible with all major prepaid, debit and credit cards. For
more information visit: http://www.tionetworks.com/mobile/.
About TIO Networks Corp
TIO is a cloud-based bill payment processor serving the largest telecom,
wireless, cable and utility bill issuers in North America. With more
than 57,000 endpoints to its processing network, TIO symbolizes fast,
convenient and secure bill paying. For more information visit: www.tionetworks.com.
Join the conversation on www.twitter.com/tionetworks
or like us on www.facebook.com/tiowallet.
About El Paso Electric
El Paso Electric is a regional electric utility providing generation,
transmission and distribution service to approximately 380,000 retail
and wholesale customers in a 10,000 square mile area of the Rio Grande
valley in west Texas and southern New Mexico. With approximately 1,000
employees, El Paso Electric is one of the largest employers in the City
of El Paso. El Paso Electric has a net dependable generating capability
of 1,785 MW, plus 48MW of renewable purchased power. El Paso Electric's
common stock trades on the New York Stock Exchange under the symbol
"EE." For more information about El Paso Electric Company please visit www.epelectric.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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