LOS ANGELES--(TNC.V) ("TIO") North America's leading expedited bill payment company, today announced Hamed Shahbazi, Chairman and CEO, will speak at the LD MICRO Summit on the topic of America’s growing underbanked population and how cloud-based technology, like the TIO Wallet, will service them.)--TIO Networks Corp., (
“We are honored to have TIO Networks present at our event”
The Federal Deposit Insurance Corporation released a study last week that showed 821,000 more households in the US have no bank account since its last tally in 2009. The study also showed approximately 68 million Americans don’t fully participate in the traditional banking system.
“One in five American households are using high-interest services such payday loans and overdraft programs because they don’t have access to mainstream financial services,” said Shahbazi. “Companies like TIO Networks are poised to have a huge impact servicing this growing population, which we know to be early adopters of smartphones and alternative financial services technology.”
Shahbazi will speak to the unique needs of this rising demographic and share how the digitization of cash and dramatic increases in smartphone adoption and cloud-based technology will play a key role in filling the void. Shahbazi will showcase the TIO Wallet, which is designed to make financial transactions like bill paying more affordable and convenient to this population by offering multi-channel solutions like smartphone and web apps that transact in real time.
"We are honored to have TIO Networks present at our event," said Chris Lahiji, LD MICRO president. "We are excited to host 18 names that we consider to be of the highest caliber in the micro-cap space.”
The LD MICRO conference takes place Thursday, October 4th at 9:30 a.m PDT / 12:30 p.m. EDT at the Luxe Sunset Bel Air Hotel in Los Angeles. For more information on TIO Networks visit: www.tionetworks.com.
About TIO Networks
TIO is a cloud-based bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. With more than 60,000 endpoints, TIO symbolizes fast, convenient and secure bill paying. Visit: www.TIOnetworks.com. Join the conversation on www.twitter.com/tiobillpay or Like us on www.facebook.com/TIOWallet.
About LD MICRO
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor. For more information, please contact 408-457-1042.
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.