PreCash® is an innovative provider of convenient, real-time payment systems that convert cash into electronic payments. This payment process was designed for use by the more than 65 million Americans who do not have access to traditional payment methods such as credit cards or bank accounts. The PreCash system gives these consumers access to a range of services previously available only to credit-based users, such as cellular phone and satellite television accounts and more. PreCash also offers branded, prepaid MasterCard and Visa products that enable consumers to receive the benefits of shopping with a card, without use of traditional credit or debit methods.
PreCash was founded in 1998 with the vision of providing payment options and opportunities not served by the traditional credit and debit card models. Today, payments on the nationwide PreCash network total more than $3 billion, and are processed at over 35,000 retail locations, worldwide. This network allows PreCash to offer many benefits to cash-paying customers, while also providing retailers and service providers access to this growing market segment.
PreCash is a privately owned company headquartered in Houston, Texas, with offices in Portland, Oregon. The PreCash Board of Directors includes current and former senior executives from First Data Corp, Bank One and Hambrecht & Quist, all of whom bring a deep knowledge of, and a strong commitment to, the financial payments industry. PreCash's growing staff has many years of experience in both the prepaid phone industry and the credit card-acquiring business, with expertise in building financial transaction solutions.
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