Technology/Services

Answers, etc. Teams With Coinstar

Alliance offers expanded line of prepaid products, services

FORT WORTH, Texas Financial services software provider Answers, etc. said that its PowerCheck 32 check cashing, payday loan and retail accounting software now has the capability to also carry the Coinstar line of prepaid products and services.

Approximately 3,000 financial service centers in banks, grocery, payday loan, check cashing and convenience stores nationwide will now have the option of expanding their financial services product line by offering the Coinstar line of gift cards, prepaid cash cards, prepaid wireless, prepaid long distance and [image-nocss] other financial products, the company said.

By offering the prepaid solutions available through Coinstar's E-Payment Services, MSB's can better serve and cater to their clients in this fast-paced, growing sector, said Scott Merritt, president of Answers, etc., Fort Worth, Texas.

Interfacing real-time with the Coinstar E-Payment processing center, the program is fully integrated into Answers' PowerCheck32 point-of-sale (POS) software. Sales, loading and reloading through POS activation (POSA) or host-to-host terminals are all embedded and tracked from the POS all the way to the general ledger.

Bellevue, Wash.-based Coinstar is a multi-national company offering a range of solutions for the retailers' front of store consisting of self-service coin counting, electronic payment solutions, money transfer, entertainment services and self-service DVD rental. The company's products and services can be found at more than 60,000 retail locations including supermarkets, financial institutions, drug stores, mass merchants, c-stores and restaurants.

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