I just googled for info on the company, and found this thread. Those who say it is related to magazine subscriptions are right. I get People Magazine for my mother, and the amount and date of the charge matches what is listed under my preapproved payments list as "TME*PEOPLE MAGAZINE". Search on your Paypal account for "preapproved" and choose the results "in settings" to see what you have preapproved. You can also see all the contact info and even cancel the preapproved status. But it is very sloppy of someone to be billing under the "TI Shared Services Inc." name since it is not descriptive and doesn't match the name in settings.
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