7-Eleven Inc. Signs Deal to Accept PreCash Payments

Open 24 hours a day, 7-Eleven stores provide more convenience to millions of Sprint PCS customers who use the PreCash card to pay for their monthly wireless service for a small convenience fee. Instead of a traditional prepaid program, in which a disposable prepaid phone card with a specified number of minutes is purchased and loaded onto a wireless phone, PreCash offers Sprint PCS consumers an electronic payment service using the PreCash card. So now, customers can refill their account in any amount they choose without the use of PINs. The transaction will post in minutes, allowing customers quick use of their wireless phones. The PreCash card itself does not hold any value, so if the card is lost, funds and airtime purchased on the account are protected. The PreCash card is electronically linked to the customers wireless phone number and will be used for the life of the wireless account. As an added convenience, PreCash offers both interactive voice recording and online store locator services. Customers simply enter their five-digit zip code on their wireless phone to locate the closest participating 7-Eleven store.