Founded by David Resnick in 1998, Precash offers businesses an improved manner of delivering faster billing and payment acceptance at a lower cost.
The company offers a platform which replaces old-fashioned financial transactions, such as paper checks, with a wide array of electronic payment methods, which accelerate delivery speed and dramatically lowers costs. The company is aggressively broadening its network to include small and medium-sized businesses that have not had the benefit of receiving electronic payments.
The company expanded its base to include more than 10,000 businesses in 2012. Businesses can accept payments from a wide range of sources, such as debit cards or prepaid debit cars, using their single platform. Precash states that it had more than 3 million customers and processed more than $3 billion in payments in 2012.
In 2016, Precash changed its name to Noventis, Inc. The company states that it will continue to use the Precash name and logo for several years to ensure a smooth transition.
Headquarters for Precash/Noventis is located in Houston, Texas.