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PreCash To Power McAllister Industries' New Redde Pay Portal

Partnership offers merchants better way to serve prepaid and cash-based customers (August 18, 2014)

LAS VEGAS, Aug. 18, 2014 /PRNewswire/ -- PreCash, a recognized leader in payments and transaction processing, and McAllister Industries, a national distributor of prepaid cards for Latin American markets throughout the United States, announced at The Prepaid Press Expo '14 that PreCash will power McAllister Industries' new Redde Pay merchant portal.

www.reddepay.com

The Redde Pay portal provides merchants with a web-based payments portal for bill payment, international long distance, domestic and international mobile top-up, as well as a suite of other value added products to better serve their customers. McAllister will distribute the Redde Pay portal product to its more than 150,000 merchant locations throughout the U.S. Redde Pay merchant locations will also be included as part of the PreCash load network, allowing merchants to sell a virtual load product that can be redeemed at a number of product sites powered by PreCash.

"Partnering with McAllister Industries and its team of veteran distributors gives us the opportunity to offer our processing technology to merchants looking for a better way to manage customer payments," said Blair Jeffery, senior vice president of Sales and Business Development for PreCash. "This represents a significant opportunity to scale our vision of providing world-class payment services to merchants all over the country."


"Feedback and demand for the Redde Pay portal has been overwhelmingly positive," said Robert McAllister, CEO of McAllister Industries and a 20-year veteran of the prepaid calling card industry. "By teaming with PreCash we are able to deliver a full suite of Bill Payment, ITU, Domestic Wireless, Prepaid Energy, and other local and regional services in an innovative portal solution directly to neighborhood locations to better serve the growing demand across the country."

PreCash uses its cloud-based platform to enable and process payment transactions via proprietary and branded mobile, online, and retail interfaces. The platform provides robust reporting, settlement, compliance, and commissioning tools to support all parties in the payment ecosystem, as well as the flexibility to expand the product suite.

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.comor follow us on LinkedIn.

About McAllister Industries
McAllister Industries is a privately held corporation with a rich history in the Prepaid Industry through card production facilities and subsidiaries such as MonsterTel and Alta-Tel that distributes Prepaid Cards throughout the United States. With a network of Master Distributors in all corners of the country, McAllister Industries will quickly establish a substantial footprint to deliver state-of-the-art financial services to millions of consumers currently underserved. Please visit us at www.reddepay.com for more information.

www.precash.com

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SOURCE PreCash

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