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April 21, 2015 6:45 AM ET

Consumer Finance

Company Overview of PreCash, Inc.

Company Overview

PreCash, Inc. provides payment and transaction processing services in the United States. The company offers a walk-in payments solution that converts cash to electronic payments for grocery stores, convenience stores, money service businesses, wireless stores, financial institutions, or other businesses; mobile financial services, such as mobile bill payment, mobile check deposit, sending and receiving money, and making payments; and online payment portals. It also replaces paper checks, cash, money transfers, money orders, and other cumbersome transactions with automatic virtual card payments through the biller's existing online or telephone system; and provides various payment solutions fo...

5120 Woodway Drive

Suite 6001

Houston, TX 77027-3242

United States

Founded in 1998

Phone:

800-773-2274

Fax:

713-499-1218

Key Executives for PreCash, Inc.

Chief Executive Officer, Director and Member of Compliance Committee
Chief Financial Officer and Senior Vice President
Chief Operating Officer
Chief Technology Officer and Executive Vice President
Chief Compliance Officer and General Counsel
Compensation as of Fiscal Year 2014.

PreCash, Inc. Key Developments

PreCash, Inc. Promotes Blair Jeffrey to Chief Operating Officer

PreCash, Inc. announced the promotion of Blair Jeffrey to Chief Operating Officer reporting to Chief Executive Officer, Steve Taylor. Mr. Jeffery joined PreCash in 2010 and most recently served on the company's executive committee as Senior Vice President of Sales and Business Development. As COO, Mr. Jeffery will oversee the company's day-to-day operations, regulatory, legal, product management and product marketing functions. He is charged with driving growth and profitability of the company's Consumer Services and Merchant Services divisions. Mr. Jeffery has 18 years of payments industry experience spanning start-ups to Fortune 100 companies. Prior to joining PreCash, he was VP of Operations at Textura Corporation. He also previously served as director of e-commerce at First Data.

PreCash Inc. Launches Virtual Payments Platform PreCash PayConnect

PreCash announced its solution PreCash PayConnect. PreCash PayConnect is a mobile and online bill pay platform that gives companies vying for a share of the emerging digital and mobile wallet market an easy way to offer fast, convenient, low cost payments. Built on PreCash's cloud-based processing system, PreCash PayConnect offers mobile and online payment for more than 10,000 service providers, including utilities, cable, insurance, Internet and more. The platform uses proprietary and patented technology to accelerate the time it takes to process payments allowing for more than 80% of the transactions to be delivered on the same day they are paid. The platform allows consumers to pay bills with both cards and cash. In fact, PreCash PayConnect is the first online and mobile payment platform to offer a comprehensive bill pay service for cash-paying consumers. Due to PreCash's efficient processing, it can integrate mobile and online payments at no cost to a business partner. The platform is flexible and can manifest as a mobile app, mobile browser service or a web site. There are two integration options: an application programming interface (API) to easily integrate into existing services, or a white-label app and online interface that partners can customize with their own branding.

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