PreCash Adds Savings Account, Roadside Assistance and Cash Back to Its Vision Visa® Prepaid Cards

Savings Account Offers One of the Industry's Highest Interest Rates at 5.65% APY**

HOUSTON, Feb. 21, 2012 /PRNewswire-USNewswire/ -- Responding to its prepaid cardholders' requests for more services, PreCash has added three features to its Vision Visa Prepaid Cards, an optional interest earning savings account**, roadside assistance* and cash back* for gas purchases. Prepaid cards are on the rise among underbanked consumers who are unable to access traditional checking accounts and individuals who want to control spending, budget and save.

According to the 2010 Federal Reserve Payments Study, consumers conducted 6 billion transactions with prepaid cards totaling $140 billion during 2009. From 2006 to 2009, the use of prepaid cards increased 20% and the dollar value of these transactions increased by nearly 23%. While prepaid cards represent a small portion of total non-cash payments, they are the fastest growing major payment type.

"Like Americans with banking relationships, prepaid customers want optional services associated with their cards.  PreCash developed these features:  a savings account for people to plan for the future, roadside assistance to provide them with comfort in the case of car emergencies, and cash back on gas purchases to reward them for using the card," remarked Mia Mends.

These new features are available now to cardholders of PreCash's line of Vision Visa Prepaid Cards. There is no additional cost for the savings account and it offers one of the highest interest rates available today at 5.65% Annual Percentage Yield (APY**). The roadside assistance option, provided by National Motor Club - RV, Inc., offers up to $75 worth of coverage for any vehicle including the following services: car lockout service, fuel delivery, battery jump-start, and flat tire change. More information about these new features offered to cardholders is available at www.visionprepaid.com.

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.

Vision Visa Prepaid Cards are issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used wherever Visa debit cards are accepted. The Bancorp Bank; Member FDIC.

Obtaining Your Card: The USA PATRIOT Act is a federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to reasonably identify you. We may also ask to see your driver's license or other identifying documents at any time.

*The Bancorp Bank is not affiliated with the Cash back on gas or the Roadside Assistance program products in any way and does not endorse or sponsor these offers.

**The current Annual Percentage Yield is 5.65% as of 9/26/2011. The maximum balance on the Savings account is $1,000.00.  There is no minimum balance to obtain this APY; however, the minimum initial balance to open a Savings Account is $10.00.  The optional Savings Account is made available to cardholders through The Bancorp Bank.

SOURCE PreCash, Inc.