TIO, Coinstar combining services in pilot program

TIO, Coinstar combining services in pilot program
July 20, 2009

TIO Networks Corp. has announced an agreement with Coinstar Inc. to exclusively deploy up to 50 of TIO's multifunctional bill-payment kiosks at key Coinstar supermarket locations in select test markets. If the pilot is successful, Coinstar will have the option to deploy TIO's bill-payment services on Coinstar kiosks across the United States.

The pilot program is being funded in part by Coinstar's purchase of 230,620 common shares in TIO Networks Corp.

TIO also recently announced its addition of more than 5,000 new POS transaction endpoints through a retail partnership with Budget PrePay.