Coinstar to Offer Money Network Pay Card Through Coinstar Kiosks.Money Network Pay Card delivers financial tools to help under banked consumers BELLEVUE, Wash. & DENVER -- 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) ), a multi-national company offering a range of 4th Wall[TM] solutions for the retailers' front of store, and First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ), announced an agreement between Money Network Financial LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a First Data company, and Coinstar E-Payment Services Inc., a Coinstar company, to offer the Money Network Pay Card through select Coinstar[R] kiosks. The Money Network Pay Card offers underbanked consumers diverse financial management tools including an instant issue prepaid 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. , a check-writing product, a source for payroll direct deposit and a way to pay for money transfers from 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. to Mexico and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . To obtain the Money Network Pay Card at Coinstar kiosks, consumers select and load funds onto a STAR[R] branded Pay Card which is activated and instantly available for use at more than 2 million PIN-secured debit retail locations and ATM machines coast to coast. The single-load STAR card can be upgraded to a reloadable personalized VISA[R] branded prepaid card by calling Money Network. In addition, the Money Network Pay Card products include features that provide ACH bank transfers, as well as convenient paper Money Network(TM) Checks. The Money Network Checks offer a unique option that permits cardholders to withdraw up to 100 percent of their pay to the exact penny without any fees. "Essentially a total payment vehicle in your wallet, this product represents the next step for prepaid cards," said Steve Verleye, senior vice president and general manager of E-Payment Services for Coinstar, Inc. "As a prepaid debit card, the Money Network Pay Card allows underbanked customers a low-cost instant-issue way to make purchases," said Verleye. The Money Network Pay Card will be distributed through Coinstar's coin-counting and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. kiosks, beginning with installations in select Albertsons grocery stores. Expanded availability is expected to occur in the second half of 2007 through additional Coinstar kiosks and in-lane gift card malls nationwide at 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. , drug stores, financial institutions and retail locations. "The evolution of the prepaid product is helping transform the payments industry and opening doors to numerous new choices for millions of underbanked employees and consumers," said Money Network President, Mark Herrington. "We're very confident that this agreement and Coinstar's expanded network of retailers is going to help fuel the introduction and use of these products." 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 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, convenience stores, and restaurants. For more information, visit www.coinstar.com. About First Data Corporation First Data Corp. (NYSE:FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.9 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 solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment 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 prepaid cash cards on Coinstar kiosks. 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 termination, non-renewal or renegotiation on materially adverse terms of our contracts with our significant retailers, payment of increased service fees to retailers, the ability to attract new retailers, penetrate new markets and distribution channels, cross-sell our products and services and react to changing consumer demands, the ability to achieve the strategic and financial objectives for our entry into or expansion of new businesses, the ability to adequately protect our intellectual property, and the application of substantial federal, state, local and foreign laws and regulations specific to our business. 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 I of our most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein. |
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