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, [image-nocss] with no credit checks and no late fees.
Ralph Rolen, executive vice president and general manager of SVS, said, "The addition of the instant issue MasterCard prepaid card will strengthen Coinstar's current versatile product offering."
Bellevue, Wash.-based Coinstar is a major 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.
Stored Value Solutions, Louisville, Ky., 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 provider of magnetic stripe gift cards, Stored Value Solutions serves six of the top ten U.S. retailers and annually processes more than 1 billion transactions for 600 clients. It is owned by Minneapolis-based Ceridian Corp.
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