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Portland, Ore.-based PreNet Corp., an electronic cash transaction company, and First of Omaha Merchant Processing, a wholly owned subsidiary of First National Bank of Omaha and a credit card processor, Feb. 18 announced the national availability of the PreCash Express Terminal, a point-of-sale (POS) terminal that makes it easier for retailers to process prepaid wireless transactions. A customized Dassault AT Talento, the PreCash Express Terminal enables retailers to process PreCash transactions, thus adding minutes to a customer's wireless phone account. The PreCash Express Terminal can also be used to process a full range of credit card transactions if the retailer so desires. PreCash is an electronic payment card that links customers to their wireless account, enabling them to easily "refill" or make payments to their accounts at any PreCash refill location. PreCash Cards use existing bankcard networks, and can either be processed on a retailer's existing POS device or on the new PreCash Express Terminal. PreCash retailers enjoy the benefits of increased foot traffic into their stores while minimizing inventory issues, such as fraud and shrinkage, associated with traditional prepaid phone cards. "The PreCash Express Terminal is ideal for smaller retailers with just a few locations," said Richard Dietz, president of PreNet Corporation. "It's easy to set-up and can be used immediately to process PreCash transactions. And, it uses First of Omaha's leading payment processing network, ensuring no hassles for the retailer." Nick Baxter, president of First of Omaha, commented, "We see the market for processing payments for prepaid and stored-value products growing rapidly, particularly in the wireless industry. We're proud to work with PreNet to offer a comprehensive solution to enable retailers to process PreCash transactions using our full range of processing services." (PreNet Corp., Alison Spoljaric, 503/504-1995; First of Omaha Merchant Processing, Jim Bush, 402/633-1917.)