Galileo Processing, 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 Prepaid Visa Card, 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."