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Coinstar Announces New Solutions for Financial Institutions.


Agreement with First Data's STAR([R]) Network enables direct coin deposit to bank accounts.

BELLEVUE, Wash. -- Coinstar, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:CSTR CSTR Centre for Speech Technology Research
CSTR Canister
CSTR Continually Stirred Tank Reactor
CSTR Center for Software Testing Research (Florida Tech)
CSTR Combat System Trial Rehearsal (US DoD) 
), the leader in self-service coin counting, today announced a new Coinstar Direct Coin Deposit(TM) service that will allow bank and credit union customers to electronically transfer coin into personal accounts, complemented with Coinstar's new Madison coin-counting kiosk specifically designed for retail financial institution branches. Coinstar's new product line has been developed to enhance customer acquisition and retention strategies for financial institutions while reducing the costs inherent with self-service coin counting.

"Banks are learning that one of the keys to more effective selling at the branch is the intelligent use of automation with self-service devices. The use of appropriate technologies to let customers help themselves at the branch allows staff to focus more on the relationship aspects of banking," said Jerry Silva, Research Director, Retail Banking and Delivery Channels at the TowerGroup.

Coinstar Direct Coin Deposit Service

Enabled through First Data's STAR([R]) Network, Coinstar's Direct Coin Deposit service is expected to be available to banks and credit unions in the first half of 2007. It is estimated that implementing a new technology can take banks between 12 to 18 months to get up and running; the Coinstar solution can be up in weeks, which can significantly reduce implementation costs.

For customers, Direct Coin Deposit is easy to use. Customers simply pour their loose change into the Coinstar kiosk, swipe their bank-issued debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , and enter their PIN number to have the value of the change deposited into their account. A voucher will be dispensed verifying the amount of the transaction. The process is completely self-service and no teller interaction is required. Banks and credit unions offering the service will determine if a fee will be charged to the customer for the transaction.

Smaller, quieter coin-counting kiosks

Designed specifically for the bank environment, the new Madison kiosk is Coinstar's smallest and quietest kiosk and can be customized to complement the financial institution's company branding and look and feel. The Madison kiosk comes in two sizes, with the smallest having a footprint of just over five square feet.

"The turnkey - no hassle - model that Coinstar is known for allows banks and credit unions to bring in valuable services for their customers, while keeping the labor and cost at a minimum," said Alex Camara, senior vice president and general manager of worldwide coin at Coinstar, Inc. "In addition, we estimate that there is over $10 billion in idle in vain.
- Chaucer.

See also: Idle
 change in the U.S. that can be turned into valuable deposits for retail financial institutions."

Coinstar's turnkey, owner-operator model significantly decreases costs and hassles for financial institutions. Benefits include:

* No capital outlay capital outlay

See capital expenditure.
 

* Trained Coinstar field technicians install and maintain all equipment

* Networked machines and preventative maintenance minimize downtime

* Efficient accounting and reporting

* Built-in fraud protection

* Minimal labor requirements

Introduction at BAI n. 1. a language spoken in the Dali region of Yunnan.

Noun 1. Bai - the Tibeto-Burman language spoken in the Dali region of Yunnan
Baic
 Retail Delivery Conference

Coinstar's Direct Coin Deposit service and Madison kiosk will be introduced at next month's BAI Retail Delivery Conference & Expo in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nov. 14-16. Coinstar is exhibiting in booth #2938 at the Mandalay Bay Resort.

The Madison kiosk is expected to be available in December of this year and the Direct Coin Deposit service is expected be available the first half of 2007.

About Coinstar, Inc.

Coinstar, Inc. (NASDAQ:CSTR) is a multi-national company offering a range of 4th Wall[TM] solutions for the retailers' front of store consisting of self-service coin counting, electronic payment solutions, entertainment services, money transfer and self-service DVD DVD: see digital versatile disc.
DVD
 in full digital video disc or digital versatile disc

Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology.
 rental. The company's products and services can be found at more than 60,000 retail locations including supermarkets, drug stores, mass merchants, financial institutions, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence.  and restaurants. For more information, visit www.coinstar.com.

About STAR Network

First Data Corp.'s STAR Network is a coast-to-coast electronic payments network and an expert in secure, real-time electronic transactions. Financial institutions rely on the STAR Network to deliver ATM access, PIN-secured debit purchasing, deposit sharing, interbank transfers and surcharge-free ATM access programs to their cardholders. The STAR Network is a leader in developing check debit, Internet and telephone bill payments, small-value payments, deposit risk management and ATM check imaging products. The STAR Network serves more than 5,700 financial institutions across the U.S. and provides cardholders with account access at approximately 2 million ATM and retail locations. There are more than 140 million cards carrying the STAR logo. STAR has a broad footprint of distribution points across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  including the acceptance of the STAR card at approximately 5.1 million POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 terminals. In 2005, First Data Debit Services processed 9 billion transactions.

About First Data

First Data Corp. (NYSE NYSE

See: New York Stock Exchange
:FDC FDC - Floppy Disk Controller ) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.6 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax.  using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
 services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

(2) Verifying the identity of a user logging into a network.
 solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com.

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "goals," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. The forward-looking statements in this release include statements regarding the benefits and future availability of the Direct Coin Deposit service and the Madison kiosk. Forward-looking statements are not guarantees of future performance and actual results may vary materially from the results expressed or implied in such statements. Differences may result from actions taken by Coinstar, Inc., as well as from risks and uncertainties beyond Coinstar, Inc.'s control. Such risks and uncertainties include, but are not limited to, the effect of and financing of recent acquisitions, the ability to successfully integrate acquired businesses, the ability to bring new and repeat customers to Coinstar[R] machines, the ability to obtain new agreements with potential retailers for the installation of Coinstar machines and the retention of the current agreements with our existing retailers on terms that are not materially adverse to Coinstar, Inc., and legal or governmental regulatory action and uncertainties relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 the ultimate success of new business initiatives. The foregoing list of risks and uncertainties is illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in Item 1A of Part II of our most recent Quarterly Report on Form 10-Q Form 10-Q

See 10-Q.
 filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 26, 2006
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