TIO Networks reports transaction revenue growth in Q3 2010

TIO Networks reports transaction revenue growth in Q3 2010
Tags: TIO Networks Corp.
May 17, 2010

Kiosk component manufacturer TIO Networks reported its 31st consecutive quarter of transaction growth with the third quarter of this year. The company reported 83 percent growth in transaction revenue over the third quarter of 2009. Revenue increased from $1.7 million in Q3 2009 to $4.3 million in the most recent quarter.

In a press release, the company indicated it plans to pursue more biller relationships and expand its bill payment processing network. The company reports it also plans to explore opportunities in mobile and online payment solutions to match increased consumer interest in those areas.