tio networks and exxonmobil extend strategic alliance

Services will be made available to current and newly franchised On the Run and Tigermart stores.

Burnaby, B.C.-based TIO Networks Corp., automated bill payment and financial services network, opted for a five-year extension to its strategic alliance with Exxon Mobil. The relationship, which began in 2004, has been extended to 2012.

Under the terms of this new agreement, TIO Networks will introduce its TIO services through the E-WIZ branded kiosks and hybrid ATMs in all On the Run and Tigermarket stores. The deployment is expected to be substantially complete by the end of 2006.

TIO’s self-service program will also be available to ExxonMobil’s franchise dealers and distributors who will now have the opportunity to purchase E-WIZ systems and derive recurring revenues from consumer driven transaction fees.

E-WIZ is an ExxonMobil branded self-service automated bill payment and financial service kiosk program that empowers customers to securely and conveniently pay their wireless, cable, utility and other bills in cash, purchase prepaid products, gift cards, purchases and reloads, and benefit from additional value added financial services.

The E-WIZ program serves consumers who prefer to use alternative financial service providers for convenience or the lack of direct banking relationships.

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