December 18, 2009
Galileo and PreCash Sign Five-Year Extension Agreement
Galileo Processing, Inc., the leading provider of next-generation financial payment processing solutions, today announced that it has reached a five-year extension agreement with client PreCash, a provider of prepaid debit card solutions and other convenient, real-time payment services that convert cash into electronic payments. Galileo is currently the processor for PreCash reloadable prepaid cards, including the Vision Premier®Card (http://www.visionprepaid.com/), the Direct® Vision Prepaid Visa® Card, the MetroPCS Visa® Prepaid Card and other programs.
“We’ve seen exponential growth with our Vision Premier and other cards in recent years as more people look for alternatives to bank accounts and credit cards,” says John Chaney, Chairman and CEO for PreCash. “Galileo has been an important part in helping us offer consumers the conveniences of plastic without debt, interest and overdraft fees, and we’re confident they’ll help us continue to deliver people better, easier and more secure ways to access their money.”
“We are thrilled that our great partnership with PreCash will continue for another five years. Today’s announcement shows the confidence our partners have in Galileo as the best processing partner to help them successfully build their prepaid business,” said Todd Brockman, Galileo President. “We look forward to continuing to support PreCash in their desire to offer customers the most compelling products. “
Galileo has been in operation for more than ten years, founded on the idea of continuously innovating to provide reliable, secure and feature-rich payment processing services. Today, Galileo is the recognized leader in advanced payment processing solutions, supporting more than 700 programs.
About Galileo Processing, Inc.
Galileo Processing, Inc. is a privately held, next-generation financial payment processing company based in Salt Lake City, Utah. Its expertise, service and platform make Galileo the industry leader for advanced prepaid, debit and hybrid credit applications. Galileo offers its clients advanced payment processing technologies, a state-of-the-art client and customer call center, business intelligence and analytics and program management services. For more information, visit www.galileoprocessing.com
About PreCash, Inc.
PreCash provides convenient, real-time payment solutions that convert cash
into electronic payments for consumers who do not use
traditional payment methods such as credit cards or bank accounts.
PreCash offers the Vision Premier® Prepaid Visa® card and other prepaid Visa and
MasterCard® products, prepaid debit card program management services, real-time
cash bill payments, prepaid wireless refills, payroll card products and more.
The company places more than 30,000 prepaid debit cards in the market
monthly and services more than 30,000 national retail,
wireless dealers and independent retail locations
nationwide. Founded in 1998, PreCash is headquartered in Houston, Texas, with
additional offices in Portland, Oregon.
For more information, visit www.precash.com , or www.visionprepaid.com.