PreCash One of the First Walk-In Payment Networks to Offer Prepaid Utility
HOUSTON, March 20, 2012 /PRNewswire-USNewswire/ -- PreCash, a leading payments and transaction processing company, today announced it is becoming one of the first walk-in payment networks to offer prepaid energy. PreCash is expanding its offer through an agreement with ACH Payment Solutions Inc. and its wholly owned subsidiary Prepaid Energy Solutions, the industry leader in developing prepaid payment programs for utility companies. According to the agreement, PreCash will accept payments for multiple leading utilities in nearly 10,000 of its walk-in retail locations nationwide.
This agreement significantly increases the number of locations where cash-paying, credit-challenged or budget-conscious consumers can go to prepay for service from Direct Energy Power to Go, CPL PrePaid Electricity, PowerHouse Prepaid Energy, Selma FlexPay Electric, Prepay Energy, APG&E and more. PreCash will add payments as Prepaid Energy Solutions develops programs with additional utilities.
"People need easy, fast, affordable ways to pay bills, and this collaboration between PreCash and Prepaid Energy Solutions is just one more thing we are doing to make consumer-friendly services more accessible to the people who need them," said Steve Taylor, CEO, PreCash. "Offering prepaid energy payments in our network will drive more consumers to our retail partners, and we plan to work with ACH Payment Solutions to make payments available via mobile phones as well."
Consumers must first register with a utility provider that offers a participating program. Once registered, the consumer takes their account number to a participating PreCash merchant and pays with cash. The consumer can add money to their account any time. Prepaying for utilities allows consumer to pay at the last minute and avoid late fees. For utilities, prepaid programs improve cash flow and make it easier to approve more consumers for service. In addition to prepaid energy, PreCash offers walk-in payments for prepaid long-distance, wireless services, cable and more.
"Just like with prepaid wireless, consumers want to pay for their utilities in advance, and more than ever prefer to do so with cash," said James L Plappert, CEO, Prepaid Energy Solutions. "By adding PreCash stores to our growing list of payment locations, we are significantly expanding the number of convenient locations where consumers can go to prepay for electricity."
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 consumers 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.
About Prepaid Energy Solutions (PES)
PES is a proactive provider of Pay Station locations. PES provides a single interface for Utilities with our Pay Station Partners, reducing implementation costs for both PrePay and PostPay transactions. PES also works with multiple providers of PrePaid software and hardware integration as well as directly with the Utilities CIS system. With this model PES is able to provide thousands of payment locations for consumer convenience and a good experience. Prepaid Energy Solutions is a wholly owned subsidiary of ACH Payment Solutions, Inc. For information on PES products and services visit www.prepaidenergysolutions.com or call us at 1-888-780-4044.
SOURCE PreCash, Inc.