Coinstar E-Payment Services Signs Agreement with Stored Value Solutions
SVS to Provide Instant Issue MasterCard® Prepaid Gift Cards
LOUISVILLE, Ky.--(BUSINESS WIRE)--Stored Value Solutions (SVS), a leading provider of custom gift card solutions for prepaid cards, announced today an agreement to provide MasterCard® prepaid gift cards to Coinstar E-Payment Services, a subsidiary of Coinstar Inc., a multi-national company offering a wide range of front-of-store solutions. The new agreement will focus on supplying MasterCard® prepaid gift cards at retail outlets across the country.
With the SVS prepaid solution, customers can load cash onto a MasterCard® prepaid card and have the freedom to shop anywhere Debit MasterCard is accepted, including online, with no credit checks and no late fees.
“We are excited to expand our partnership with Coinstar to include prepaid branded products,” said Ralph Rolen, executive vice president and general manager of SVS. “The addition of the instant issue MasterCard prepaid card will strengthen Coinstar’s current versatile product offering.”
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ: CSTR) is a leading provider of automated retail solutions offering convenient products and services that make life easier for consumers and drive incremental traffic and revenue for its retailers. The company’s core automated retail businesses are self-service coin counting and self-service DVD rental. Other Coinstar products and services found at the retail front-end include e-payment products such as gift cards, prepaid products; money transfer services; and entertainment products and services, including skill crane machines and bulk vending. The Company's products and services can be found at supermarkets, drug stores, mass merchants, financial institutions, convenience stores, restaurants and money transfer agents. www.coinstar.com
About Stored Value Solutions
Stored Value Solutions provides custom gift card solutions for prepaid cards, loyalty and B2B applications for a diverse set of clients including retailers, airlines, casinos and e-tailers. As a leading provider of magnetic stripe gift cards, Stored Value Solutions serves six of the top ten U.S. retailers and annually processes over 1 billion transactions for 600 clients. Stored Value Solutions is based in Louisville, KY and is owned by Minneapolis-based Ceridian Corporation. www.storedvalue.com
About Ceridian
Ceridian is a global business services organization that offers a comprehensive range of innovative solutions. From human resources and benefits to accredited employee assistance, work-life and health and productivity services, Ceridian helps organizations maximize their human, financial and technology resources. As a leader in payroll outsourcing, gift cards and controlled spending, Ceridian is also a driving force in payment innovation. Whether partnering to improve employee productivity, save money or minimize financial risks, Ceridian's business is to help organizations stay focused on their business. www.ceridian.com
MasterCard is a registered trademark of MasterCard International Incorporated.
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