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TIO Networks Corp., a multi-channel expedited bill payment processor, and Nexxo Financial Corp., which provides self-serve remittance for the U.S. Hispanic market, have expanded their partnership with the launch of TIO expedited bill payment services on 100 Nexxo Financial kiosks or “Cajeros,” at participating retail stores in Phoenix; Tucson, Ariz.; Houston; San Antonio; Austin, Texas; and El Paso, Texas.
“The evolution of Nexxo offers more services on our Cajeros,” said David Alvarez, CEO for Nexxo Financial. “Customers can now benefit even more from being a Nexxo Financial customer, with the convenience and ease of paying their bills in addition to conducting money wire transactions.”
TIO bill payment was developed as a means for the under-banked marketplace to securely and easily pay bills with cash and experience expedited posting of funds to their accounts. Nexxo Cajeros are small, ATM-like machines that allow the sender to use a touch-screen to conduct a money transfer transaction simply by following the prompts and submitting the cash they want to send into the secured machine.
Burnaby British Columbia-based TIO is a multi-channel expedited bill payment processor serving the largest telecom, wireless, cable, and utility bill issuers in North America, and has more than 18,000 endpoints in its processing network.
San Bruno, Calif.-based Nexxo provides self-serve remittance to Mexico and Central and South America for the U.S. Hispanic community. It operates more than 100 proprietary Nexxo Cajeros throughout California and, in partnership with a network of privately operated self-service financial service kiosk operators, offers Nexxo service through more than 850 locations in California, Arizona and Texas.