Sprint Prepaid Group Selects PreCash to Develop Mobile Bill Payment App for Boost Mobile
HOUSTON, March 5, 2012 /PRNewswire-USNewswire/ -- PreCash, a leading payments and transaction processing company, today announced it has completed an agreement with Sprint Prepaid Group to develop a mobile bill payment app for Boost Mobile and Virgin Mobile USA customers. The app will enable these no-contract customers to make utility bill payments and to pay hundreds of other bills for the most popular and common services directly from their cell phones.
In addition to utility bill payments, customers will be able to pay bills for cable, insurance, residential phone service and hundreds of other well-known national, regional and local service providers.
"PreCash has been processing bill payments for wireless carriers and other billers for more than ten years, and we are excited about this opportunity to expand our relationship with Sprint to help the no-contract brands penetrate the emerging mobile wallet market," said Steve Taylor, CEO, PreCash. "This relationship is a milestone for PreCash and underpins our strategy to leverage our bill payment processing technology and experience in the wireless industry to help companies deliver to their customers a complete mobile financial experience."
The app will work with both Visa® or MasterCard® credit and debit cards making it easy to adopt. The app is scheduled to be available in March 2012 on all Boost Mobile handsets including payLo.
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® prepaid card and MasterCard® products and solutions and mobile financial solutions for service providers, financial institutions, consumers, the mobile industry, retailers and more. PreCash serves more than 3 million consumers and touches more than 2 billion dollars 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 additional offices in Portland, Oregon. For more information, visit www.precash.com.
SOURCE PreCash, Inc.
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