PreCash has announced FlipMoney, a mobile wallet app for underbanked consumers.
“Historically, people with the least amount of money and free time pay more and have fewer convenient options to do simple things like pay bills or cash checks,” said Steve Taylor, PreCash CEO. “Until now, the current cadre of mobile payments and financial services apps largely ignore the needs of people without bank accounts and credit cards. Flip changes all of that by combining instant remote check deposit and free expedited bill payments in a single mobile wallet that works with a prepaid card.”
PreCash also announced that the mobile solution can be customized and branded for mobile carriers, prepaid program managers, money service businesses and other merchants.