PreCash, Inc. introduces the Vision Platinum Visa® Prepaid Card, the first general purpose reloadable prepaid credit card with free transactions, to the 65 million cash paying Americans without access to mainstream electronic payment methods. Part of a new line of unique prepaid cards issued by The Bancorp Bank, the Vision Platinum Visa® Prepaid Card opens up the prepaid card market to a larger group of cash paying customers because it’s designed for everyday use.

The Vision Visa Prepaid brand (www.visionprepaid.com) helps get rid of the one size fits all approach the prepaid card industry thrust upon the market. Customers have different spending habits and they require different options. Now, those options are available through one of the Vision Visa® Prepaid Cards—Vision Preferred, Vision Premier and Vision Platinum. Services included in these plans range from text message and email alerts to online bill pay and Direct Deposit.

“No one else has something like this,” said John Chaney, chairman and CEO, PreCash. “Consumers are realizing prepaid cards can be their best alternative to credit cards and bank accounts for everyday payment needs. Our Vision Platinum Card rewards the person who uses a prepaid card frequently with free transactions, and we have cards that work well for any user regardless of how often they need it. We are the first to offer this much choice and control.”

A rundown of the pricing plans is as follows:

Vision Platinum Visa Prepaid Card. Designed for everyday use, it’s the first general purpose reloadable card with free ATM and PIN transactions. Spending should exceed $1,000 per month with this card.

Vision Premier® Visa® Prepaid Card. This card provides customers the benefits associated with Direct Deposit and enforces a $1,000 per month spending limit.

Vision Preferred® Visa® Prepaid Card. Customers prefer this basic card if they need access to an electronic payment vehicle and can reload it at retail locations.

“Vision Prepaid Visa Cards are flexible,” added Chaney. “Choose what’s best for you now, and switch to another pricing plan as your needs change. Our approach can be boiled down to this: However you’re living, we’ve got the card for you.”Payment options and opportunities provided by PreCash serve a growing number of cash paying customers who aren’t served through bank accounts, credit cards and debit cards. The benefits to customers spill over to participating businesses because it provides them with access to this growing market segment.

For more information on the Vision Prepaid Visa Cards, visit www.visionprepaid.com. Vision Visa Prepaid Cards are issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used wherever Visa debit cards are accepted. The Bancorp Bank; Member FDIC.

About PreCash, Inc.
Converting cash into electronic payments allows customers to enjoy the convenient, real-time payment solutions offered by PreCash. In addition to prepaid cards, PreCash lets customers access to prepaid debit card program management services, real-time cash bill payments, prepaid wireless refills, payroll card products, and more. With more than 5 million active customers and 25,000 businesses in the network, PreCash meets a unique need in the economic market. PreCash was founded in 1998 and has headquarters is in Houston, Texas with additional offices in Portland, Oregon. For more information, visit www.precash.com or www.visionprepaid.com.