ORLANDO, Fla. — TIO Networks Corp. and Tranax Technologies announced that they would begin to deliver new self-service automated kiosks to Presto Convenience Stores.
"There is a tremendous opportunity for retailers to develop bill payment and other financial services for the non-cash customer," said Hamed Shahbazi, chairman and chief executive officer of TIO Networks. "Self-service kiosks increase customer satisfaction and transactions and reduce convenience store costs. Customers can operate the machines 24/7 as simply as they might an ATM machine. These kiosks are a win-win situation for all involved. We are delighted that Presto Convenience Stores, one of the largest resellers of Conoco Phillips products and services, will be among the first to install them."
"Tranax Technologies is investing heavily in the self-service market," said Dr. Hansup Kwon, president and CEO of Tranax. "We believe it offers retailers and other business the ability to serve their customers better, faster and in more ways than ever. TIO Networks offers a strong sustainable business model for resellers and franchisees as well as a fully supported range of financial services. TIO also has a strong track record in selling and supporting retailers. We are delighted to partner with them and Presto Convenience Stores."
TIO Networks and Tranax demonstrated their stand-alone kiosk and ATM hybrid models this week at the Conoco Phillips Conference in Orlando, Fla. The kiosks allow customers to receive cash, pay bills and buy prepaid cards.
Tranax was recently selected by market researchers, Frost & Sullivan, for its impressive growth strategy as "the premier provider of ATMs to the Merchant Retail Market." The company was selected "based on the company's ability to provide a high-quality, high-value-added, low-cost solution in a highly competitive marketplace."
Tranax has sold 70,000 of its Mini-Bank Series of ATMs and self-service machines.
