Innovation Showcase

Tio Networks

The safe and secure bill payment network America has been waiting for

Innovation tends to be thematic. Common elements are seen that can provide clues into truly innovative solutions. Tio serves the needs of multiple audiences through its multi-channel bill payment platform.

This multi-sided market of billing partners, consumers, and billing locations represents a substantive opportunity. Enabling consumers to manage their billing more efficiently provides obvious economic impact; coupling this with a measurable decreased of consumers in arrears results in clear business benefit.

And yet, that is not the entirety of the story. Consider the multi-channel nature of the deployment…enabling consumers pay, in the way they prefer, results in increased consumer affinity with the billing entity. In addition, the combination of channels of acceptance enable bill collection for both those leveraging credit, debit, or check modalities and the un/underbanked who require the usage of cash to settle their bills.

Enabling bill collection in a fashion that the consumer desires…therein lies innovation.