PreCash has inked a partnership with ProPack, developer of the productivity toolbox app for Android devices, to include its Evolve Money bill pay application in ProPack’s productivity bundles.
Houston-based Evolve Money, the free bill payment app for desktop and mobile devices owned by PreCash, now offers its customers the option to pay their bills with credit cards. Discover is the first credit card accepted for payment using the mobile app, with plans to support VISA and MasterCardin 2015.
Evolve Money is now available as an added feature to Red Pocket Mobile customers through the company’s mobile site. Evolve Money is a free bill-payment app from PreCash.
Evolve Money™, the first online and mobile app that makes it easy for people to track and quickly pay more than 10,000 bills using cash, now offers people more choices of how to pay with the addition of debit and prepaid cards. Launched this summer by PreCash, Evolve Money is gaining traction as a fast, affordable and secure way to pay bills from one place and is an alternative to bank bill payment services. Evolve Money is available as a free Android mobile app from Google Play, and other smartphone, tablet and computer users can use Evolve Money by visiting www.evolvemoney.com.
Boost Mobile announced a simple way for users of Boost Mobile Wallet powered by Wipit to turn their checks into instant cash funds, available in their Boost Mobile Wallet Plus accounts. The new service called Quick Check is available through the Boost Mobile Wallet powered by Wipit. The funds are loaded in users’ Boost Mobile Wallet Plus accounts, which are issued by Sutton Bank in association with Wipit. The Boost Mobile Wallet application offers international money transfer by Ria Money Transfer, bill payment, domestic and international prepaid mobile top-up, and money transfer capabilities to other Mobile Wallet accounts, all available through Wipit and its financial services partners. The application is available as a free download at the Google Play Store from a Boost Mobile Android-powered smartphone.
PreCash launched its “Evolve Money” online and mobile app, allowing consumers to pay more than 10,000 bills without needing a bank account, credit, debit or prepaid card. This allows consumers to pay their bill for free or get a same-day, expedited bill payment at little cost. Cash-based consumers now can make fast, affordable bill payments online or from the convenience of a smartphone. The “Evolve Money” app also offers a payment management tool that tracks and keeps a history of all transactions. With this feature, cash paying users can manage their bills and finances with tools often only available to bank and credit card customers. The requisite “REloadit Packs” can be purchased for $3.95, and “Evolve Pay Bucks” for $3.00.
At FinovateFall 2012, PreCash announced and demonstrated FlipMoney, the first viable mobile wallet app for underbanked consumers. This lets people without a bank account or credit card do instant remote check deposits and perform free expedited bill payments with their smartphone. Large scale deployment will begin this fall. During Finovate, PreCash announced the mobile solution can be customized and branded for mobile carriers, prepaid program managers, money service businesses and other merchants. Flip allows a person without a checking account to remotely deposit their checks into a mobile wallet that works with a prepaid debit card. Flip is unique because a user can elect an instant check deposit option that typically makes funds available within minutes. Current remote check deposit solutions take three to six days to process.
PreCash payments and transaction processing expanded its bill payment service, making it possible for consumers to make a payment to more than 10,000 providers. Coupled with its existing billers, prepaid wireless payments, prepaid energy, international mobile top-up and prepaid long distance services, PreCash offers retailers, money service businesses (MSBs) and other companies the most complete suite of payments services available in one place. All of PreCash’s payments are available through an easy-to-use, cloud-based interface. The clerk takes a customer’s cash payment, collects a convenience fee and the transaction is processed electronically.
Prepaid Resources been chosen to present at FinovateFall 2012 through a competitive application process, for which it will showcase its BenefitsDirect, ‘Direct Deposit Management’ solution. The BenefitsDirect solution engages accountholders through multiple touch points to direct deposit their Federal benefits, State benefits and payroll; tracks resulting direct deposit activity from enrollment to termination; reacts to new direct deposit opportunities as ‘life events’ occur, such as unemployment, child support and job changes; and succeeds in multiplying revenue growth by building recurring deposits and increasing accountholder retention. BenefitsDirect users include AccountNow, Blackhawk, FSV, Jackson Hewitt, NetSpend, Pay-O-Matic, PreCash, Western Union and others.
PreCash payments and transaction processing company announced the launch of PreCash Secure Payment Services. PreCash offers Money Service Businesses (MSBs) agent agreements that ensure compliance with applicable state and federal regulations and include risk management and settlement features. PreCash agents are able to sell, load or unload prepaid debit stored value products and can transmit money for the purpose of prepaid wireless refills and bill payment.
As an AT&T valued partner and vendor, B2B Soft will meet with wireless agents and showcase its “Wireless Standard.” Integration and innovation have made “Wireless Standard” the industry’s premiere Retail Management Platform, now used in over 4,000 wireless retail locations nationally. The system offers dealers seamless one-step integration with AT&T networks and partners, providing a point of sale process that’s smooth, reliable and fast. This integration with AT&T networks enables agents to instantly download vital information concerning phone features, rate plans, IMEI’s, SIM cards, mobile numbers, add-ons, and specs, directly at the point of sale during phone activation.
More Americans used expedited bill pay services in 2010, saving $4.3 billion in late fees. Javelin Strategy & Research “Expedited Payments: Consolidator Originated Routing Solutions May 2011” study shows that two-fifths of Americans used an expedited payment service to pay a bill and avoid late fees but that expedited payments services, such as PreCash’s “Billocity,” are currently not available through most banks and other financial institutions. Data also showed 58% of consumers who never made an expedited bill payment at their bank’s website”but have made an expedited payment at a biller site in the past 12 months”indicated they would like to use a bank site to make an expedited payment in the future. Additional conclusions show demand for expedited bill payment services is growing and consumers are expected to reap $6.3 billion in savings by 2015. A 2009, National Foundation for Credit Counseling survey found 58 million U.S. adults pay their bills late, and consumers spent a staggering $20 billion in credit card bill late fees in 2009.