Source: Coinstar
Coinstar E-Payment Services Limited, an affiliate of Coinstar, Inc. and PayPoint, the U.K.'s best known and most used over-the-counter payment solutions provider, have agreed to team up to make available a gift card program for PayPoint retailers at more than 17,000 outlets in the United Kingdom.
The Coinstar Gift Card program consists of a display rack carrying many of the United Kingdom's leading retailers from department store, clothing, book, music, experience, sporting and electronics brands. The program gives the PayPoint retailer an innovative, turnkey product to drive incremental foot traffic and store profits. In addition, it promotes a convenient way for consumers to buy gifts -- in the form of electronic stored value gift cards.
Coinstar's Gift Card program will be made available to selected PayPoint outlets via the PayPoint terminal and integrated retailer point-of-sale systems.
"This is a significant step for Coinstar's Gift Card program," said Steve Verleye, senior vice president and general manager of E-pay at Coinstar, Inc. "By partnering with PayPoint, we build on our initial success in the United Kingdom, and broaden the reach of our innovative Gift Card program to many retailers across the country."
Mike Igoe, retail director of PayPoint explains, "Choosing to partner with Coinstar was a logical step for us. We are able to match our processing expertise with Coinstar's proven record in delivering Gift Card programs in the U.S. and U.K."
The companies expect to roll-out to retail locations in the second half of 2007.