HOUSTON, Jan. 28, 2015 /PRNewswire/ -- PreCash, Inc., today 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.

"Blair Jeffery has been instrumental in delivering products that meet the needs of our customers and partners the past four years," said PreCash CEO Steve Taylor. "The payments landscape is evolving and Blair is the right person to help guide our product and business strategy in this exciting time."

PreCash was founded in 1998 to serve the underserved population with low-cost, cash bill payments at retail. The company has since grown to become a leading provider of payment services, offering bill-payment processing for financial institutions, compliance services for money transmission and prepaid access, and mobile bill payments for consumers. Under Mr. Jeffery's direction, the company has seen record growth, diversified its customer base, grown the new money transmission service, and successfully launched a new mobile bill payment app, Evolve Money for iOS, Android and PC.

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.

About PreCash, Inc.
Founded in 1998, PreCash delivers comprehensive, fast, convenient and low-cost payments services for businesses and consumers alike. Its robust bill payment platform helps businesses such as retail services; retail goods, including grocers, financial institutions and virtual service providers generate revenue and build stronger bonds with customers through standard and expedited bill payment processing. Its consumer payment solution, the Evolve Money™ application, allows consumers to pay all of their bills from their smartphone, tablet or PC. To learn more visit www.precash.com, www.evolvemoney.com or follow us on LinkedIn and Twitter.

Photo - http://photos.prnewswire.com/prnh/20150127/171733

SOURCE PreCash, Inc.

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http://www.precash.com