TIO debuts mobile application to pay bills using debit, credit cards

US based TIO Networks Corp has introduced a mobile application TIO MobilePay, helping the US denizens to pay multiple bills through VISA or MasterCard payment cards in real time.
The service provider said that users of iPhone, iPad and Android can select to pay over 6,000 billers through, credit or debit card with the option of same day processing.
Expressing views on the launch of the new solution, TIO Networks chairman and CEO Hamed Shahbazi said the demand for mobile bill payment is rapidly increasing as is the need to pay multiple bills in one place from any bank.
"Paying bills by credit card is also attractive to both reward seekers and consumers who need that bridge in between pay checks," Shahbazi stated.
The solution also offers facility to perform emergency payments, processed in real time, said the company.
National Foundation for Credit Counseling study highlights that 58 million US adults paid their bills late, thus spent a huge $20bn in credit card bill late fees in 2009.
"The constrained economy has greatly increased the need for emergency bill pay solutions. Consumers are expected to save billions in late fees over the next few years due to expedited bill payment services like TIO MobilePay," Shahbazi commented.
TIO MobilePay, powered by TIO Wallet offers users to pay their bills, as well as to schedule bill payments to ensure payments are made on time.

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