Expedited bill payment processor TIO® Networks Corporation has announced the expansion of its services to First Data’s Money Network® Prepaid Service to include bill payment as well as the purchase of prepaid telecommunication services. TIO’s platform enables Money Network prepaid account holders to pay their bills online as well as purchase minutes for their prepaid mobile phones.
“We are very pleased to have increased the scope and duration of our partnership with First Data, which gives their underbanked customers convenient access to TIO’s reliable, expedited bill payment network,” said Hamed Shahbazi, chairman and CEO of TIO Networks. “We look forward to expanding our bill payment capabilities to other First Data clients, and finding more opportunities to work together.
“Integrating First Data’s Money Network Prepaid Solutions with TIO’s payment network provides another money management feature for our growing customer base,” said Mark Putman, senior vice president and division manager of Prepaid Solutions, First Data. “We are focused on continuing to expand the benefits of our prepaid solutions for consumers.”
Money Network account holders are able to manage their bills online in one convenient place, viewing their payment history, making one-time payment or scheduling reoccurring payments for thousands of billers. TIO is directly integrated with Money Network’s open loop platform, and provides a seamless customer experience.