TIO Networks Corp. (TNC:TSX-V) - April 18th 2014
TIO Networks is a cloud-based multi-channel (self-service kiosks, clerk assisted, mobile and web) bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. The company specializes in processing payment transactions for the “underbanked” population in the US – a target market estimated to be over 68 million Americans who have limited access to mainstream financial services. The company has over 65,000 retail locations in the US processing millions of walk-up payment transactions monthly. TIO Networks completed a significant acquisition in January 2014 which has boosted monthly revenues considerably. The next quarter will show the complete benefit of the recently acquisition.