PreCash unveiled its online and mobile bill pay app, Evolve Money, today. The technology allows consumers to pay bills for free and even make low-cost ($1.50 per transaction) expedited payments without needing a bank account or a credit card.

In a way, Evolve Money acts as its own prepaid card. Says CEO Steve Taylor, “consumers can get a load pack or PIN at thousands of locations and then use their smartphone, tablet, or computer to make payments.” Retail locations include supermarkets such as Safeway and Albertsons, where load packs are available from $3.00 to $3.95 each. 

The mobile app is ready to go for Android users, who can download Evolve Money for free from Google Play. Users of other operating systems can access the online service at the company website.

Evolve Money is a feature of PreCash’s PayConnect mobile and online bill pay platform (read our report on PayConnect here). PayConnect enables customers to pay bills at more than 10,000 utility, insurance, and cable service providers, and is available as both an API and a white-label application.

PreCash demoed Flip, a mobile check deposit solution, at FinovateFall 2012 in New York. Video of their presentation is available here.