Credit Cards Not Only Source of Holiday Spending Power As Record Number of Americans Turn Change Into Cash.BELLEVUE Bellevue (bĕl`vy  ).1 City (1990 pop. 30,982), Sarpy co., E Nebr., a suburb of Omaha, on the Missouri River; inc. 1855. , Wash.--(BUSINESS WIRE)--Dec. 23, 1998-- -- Use of Coin Counting Machines Increases In Weeks Before Christmas Christmas [Christ's Mass], in the Christian calendar, feast of the nativity of Jesus, celebrated in Roman Catholic and Protestant Churches on Dec. 25. In liturgical importance it ranks after Easter, Pentecost, and Epiphany (Jan. 6). 1998 -- As Americans scramble To encode (encrypt) data in order to make it indecipherable without having a secret key to "unlock" it. The term came from the early days of cryptography which camouflaged analog transmissions with secret frequency patterns. to buy last minute Christmas presents, racking up millions of dollars in credit card charges, Bellevue based, Coinstar, Inc. (Nasdaq: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) ) is noticing a growing trend: record volumes of Americans are turning their change into cash at its self-service coin counting machines. Volumes are up in the first few weeks of December, as more and more consumers turn their change into cash. So far this month, Coinstar has processed more than 1.2 billion coins, surpassing the 1997 record for the same period last year by more than 424 million coins. Coinstar, Inc. is also seeing an increase in the number of Americans who use the machines with more than 1.5 million transactions so far this month. That compares with less than one million transactions for the same period last year and less than 4,000 transactions five years ago. "More and more people are realizing how easy it is to turn their change into much needed cash," said Coinstar CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jens Molbak. "We're finding people value our service even more during the holiday season when both time and money are in short supply." Coinstar, Inc. develops, owns and operates a network of more than 4,700 self-service, coin counting machines. The machines, which provide consumers with a convenient means of converting loose change into cash, are located in leading supermarket chains. Coinstar machines are currently installed in 35 states and 59 metropolitan areas throughout 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. . Consumers can call 1-800-928-CASH, or visit http://www.coinstar.com for the location of the nearest Coinstar machine. NOTE: Color photos are available on Coinstar's Website at http://www.coinstar.com/news/photorel.html |
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