SOURCE: PreCash, Inc.

October 15, 2008 09:00 ET

PreCash Expands Its Cash Bill Payment Services With the Addition of Nearly 100 New Billers

HOUSTON, TX--(Marketwire - October 15, 2008) - PreCash, Inc. has added nearly 100 new billers to its Bill Pay service, making it easier for the millions of cash-paying and underbanked consumers in the United States to pay their bills with cash. This is the largest addition of service providers since the inception of the PreCash Bill Pay service, which now includes more than 150 billers.

The newly added service providers span six different bill payment categories including wireless, cable/satellite, local phone, utilities, insurance and car loans.

"PreCash has a large suite of cash bill payment options, including all the most popular wireless providers like Alltel, AT&T, Sprint, T-Mobile and Verizon," said John Chaney, CEO, PreCash. "The addition of nearly 100 new payment options makes it easier, faster and more convenient for consumers without a credit card or bank account to pay their bills. Furthermore, these new billers give merchants offering our services in their retail locations additional ways to earn revenue and draw repeat visits."

The PreCash Bill Pay Service allows customers to make cash payments at retail locations for recurring bills. The customer goes to a PreCash retailer and hands cash to the clerk for the amount of their bill. The clerk then uses PreCash's online system to apply the payment to the consumer's account. It gives cash-paying consumers the same speed, accuracy and convenience as paying their bill with a credit or debit card.

About PreCash®

PreCash provides convenient, real-time payment solutions that convert cash into electronic payments for consumers who do not use traditional payment methods such as credit cards or bank accounts. The company offers prepaid wireless refill, bill pay, deposits, prepaid stored value and payroll products. Its intuitive PreCash WebConnect merchant interface makes it easy for retailers to process transactions for all PreCash products and services. The company offers its services at more than 30,000 national and independent retail locations. Founded in 1998, PreCash is headquartered in Houston, Texas, with additional offices in Portland, Oregon. For more information, visit www.precash.com.

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