First Data’s Money Network electronic payroll distribution service enables employers to reduce payroll costs while providing a flexible spending card solution to their underbanked employees, which cardholders can use to make purchases at millions of debit acceptance locations.
Following this agreement with TIO, Money Network cardholders will be able to pay bills online, by phone, and in some cases at self-service kiosks, thereby reducing the time and cost of paying bills. TIO’s bill payment processing solution is designed to provide cardholders a secure and convenient bill payment experience.
