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TIO Adds Mobile Bill Pay App to its Suite of Services for El Paso Electric

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 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, 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 cash 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.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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