Coinstar to Offer Debit Card Via Kiosks

Coinstar here and First Data Corp., Denver, announced an agreement to offer the Money Network Pay Card through Coinstar kiosks, beginning with installations in select Albertsons stores.

BELLEVUE, Wash. — Coinstar here and First Data Corp., Denver, announced an agreement to offer the Money Network Pay Card through Coinstar kiosks, beginning with installations in select Albertsons 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, drug stores, financial institutions and retail locations. The Money Network Pay Card offers underbanked consumers diverse financial management tools including an instant issue prepaid debit card, a check-writing product, a source for payroll direct deposit and a way to pay for money transfers from the United States to Mexico and Latin America. To obtain the Money Network Pay Card at Coinstar kiosks, consumers select and load funds onto a STAR-branded Pay Card that is activated and instantly available for use. The single-load STAR card can be upgraded to a reloadable personalized VISA branded prepaid card by calling Money Network.

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