HOUSTON--(BUSINESS WIRE)--PreCash, a leading payments and transaction processing company, today announced that is has expanded its bill payment service, making it possible for consumers to make a payment to more than 10,000 providers. Coupled with its existing billers, prepaid wireless payments, prepaid energy, international mobile top-up and prepaid long distance services, PreCash offers retailers, money service businesses (MSBs) and other companies the most complete suite of payments services available in one place.
“Underbanked consumers, or people without bank accounts and credit cards, go to MSBs, grocers, convenience stores and other retailers to pay bills, buy calling cards, or to add minutes to mobile phones,” said Steve Taylor, CEO, PreCash. “With the addition of 10,000 billers, our partners can simplify their point of sale by offering all of these services through a single-source payment platform.”
For retailers, all of PreCash’s payments are available through an easy-to-use, cloud-based interface. The clerk takes a customer's cash payment, collects a convenience fee and the transaction is processed electronically. The full suite of payments can also be made available through self-service kiosks, as well as mobile and online applications.
“Our partners can now offer faster, lower-cost payments for virtually any bill a consumer wants to pay,” adds Taylor. “This will keep their consumers coming back, help them attract new customers and provide additional revenue generating opportunities. For PreCash, having an additional 10,000 billers makes our services more attractive to convenience stores, grocers and other retail businesses.”
About PreCash, Inc.
PreCash improves lives and business through payments and is a leader in payments services and transaction processing. We help cash-paying and underserved people access mainstream financial services, help financial institutions deliver their customers faster transactions, and help our partners generate revenue and build stronger bonds with consumers. We offer bill payment processing solutions, walk-in payments services, Visa®, MasterCard® and Discover® prepaid solutions, mobile apps and online payment solutions to retailers, financial institutions, consumers, the mobile industry, and more. PreCash serves more than 3 million consumers and touches nearly $3 billion in payments annually. Our products are serviced in more than 100,000 retail locations nationwide. Founded in 1998, PreCash is headquartered in Houston, Texas, with an additional office in Portland, Oregon. For more information, visit www.precash.com.