Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: PreCash improves lives and business through payments and is a leader in payment services and transaction processing. We help underserved consumers access mainstream financial services and help our business partners generate revenue and build stronger bonds with consumers. We offer bill payment processing solutions, walk-in payments services, and mobile and virtual solutions to retailers, financial institutions, the mobile industry, consumers and more. Our products are serviced in more than 100,000 retail locations nationwide.

How they describe their product/innovation: Flip is the first app offering immediate mobile check deposit (IMCD) and free bill pay transactions to underbanked consumers. IMCD is a significant convenience for those who currently cash checks at check cashing stores. Current mobile check deposit solutions take up to three days, or require the user to have a bank account. For people living paycheck-to-paycheck, that wait is simply too long. With Flip, consumers can deposit checks into a prepaid account and access their money immediately. There is no bank account required and no need to take time away from work or family to go to a check-cashing store. Combine that with free bill payment transactions, and Flip is the first viable mobile solution for consumers who need or choose bank alternatives.

Contacts:

Bus. Dev.: Blair Jeffery, SVP Product & Sales, blair.jeffery@precash.com, (713) 600-2346
Press: Jeff Fowler, Sr. Manager Marketing Communications, jeffrey.fowler@precash.com,
(713) 600-2350
Sales: Mark McCarley, VP National Retail Sales, mark.mccarley@precash.com, (713) 600-2347