Blackhawk Network, Inc, announced a new partnership with Coinstar to offer Coinstar customers a selection of certain Blackhawk Network’s popular eGifts for no fee when they cash in coins via the Coinstar coin-counting kiosks. The eGift codes can then be easily redeemed at issuing retailers – either in-store, online or via mobile devices. With approximately 20,300 kiosks conveniently located across the US, Coinstar makes it simple for consumers to convert their spare change into a cash voucher, for a fee that varies by location, or load these funds onto their choice of NO FEE gift card or eGift.
Coinstar and Safeway supermarkets will install approximately 1,400 Coinstar kiosks at Safeway locations across North America. Coinstar allows consumers to turn their loose change into into cash, apply their coin value to store purchases or donate to a non-profit organization. In the future, Coinstar and Safeway plan to offer consumers a no-fee option when consumers choose a gift card or eCertificate from a variety of national retailers.
Coinstar Money Transfer has inked agreements with state owned bank of Philippines Land Bank to develop remittances business from Italy. This is another key component of the Coinstar Money Transfer aggressive development strategy in Italy to broaden consumer’s options for a fast and reliable money transfer service aiming to the Filipino community, who will finally be able to send money from any Land Bank branch in Italy at competitive fees.
Coinstar Money Transfer has inked agreements with state owned bank of Philippines Land Bank to develop remittances business from Italy. This is another key component of the Coinstar Money Transfer aggressive development strategy in Italy to broaden consumerâs options for a fast and reliable money transfer service aiming to the Filipino community, who will finally be able to send money from any Land Bank branch in Italy at competitive fees.
Giftango Corporation digital virtual gift cards has released its mobile developer’s toolkit to allow mobile developers to issue national brand virtual gift cards from within their own mobile applications. Allowing merchants to set clear standards the mobile development community can follow, Giftango’s Mobile platform allows merchants to ensure the mobile community follows established guidelines to avoid disparate developer models and applications which may not fit their respective enterprise standards. Giftango also helps merchants manage the appropriate distribution of these applications via its mobile platform. Giftango acts as the plumbing between the merchants and the variety of mobile distribution models in the marketplace.
The Seattle Chapter of the National Investor Relations Institute (NIRI) announced J.Scott Di Valerio, Coinstar CFO, will be the keynote speaker for the NIRI-Seattle 2010 Investor Communications Awards Gala. The event will be held Thursday, June 24 at the Woodmark Hotel in Kirkland, WA, beginning at 5:30 p.m. with a hosted cocktail reception, followed by dinner and awards presentations. The judges are Neil Neroutsos, president, Puget Sound Public Relations Society of America and Jeffery L. Lippens, principal, Garde Capital, Inc.
Rixty has expanded its cash payment system to include kids under the age of 13 for access to a nationwide network of more than 10,000 Coinstar kiosks and 10,000 prepaid card distribution locations to pay for top quality online games and virtual worlds. Following the Childrenâs Online Privacy and Protection Act (COPPA), enforced by the FTC, Rixty protects kids’ personal information and their parents are notified of account creation. This new system has been audited by TRUSTe, an FTC authorized COPPA review agency, and Rixty has been certified as a 2010 TRUSTe Childrenâs Privacy Seal Program member. With Rixtyâs membership in the TRUSTe Childrenâs Privacy Seal Program, kid-focused partners can feel confident that Rixty is now the leader in safe online cash payments for kids and adults.
Coinstar has appointed J. Scott Di Valerio CFO effective March 2, 2010. Having joined the company January 19, Di Valerio will work with the CEO throughout the transitional period. He has over 25 years finance, operations and management experience, most recently as President of the Americas for the Lenovo Group computers and senior positions at Microsoft as VP, Finance and Administration and chief accounting officer. Prior to this, J. Scott served as corporate VP corporate controllership at The Walt Disney Company, CFO of Mindwave Software and as a partner at PricewaterhouseCoopers. He is a CPA and holds a Ba in business administration from the University of San Diego.
Coinstar remittance has signed agreements to offer money transfer
services in all Pocztowy Bank (Postal Bank) locations, the largest
banking network in Poland. With this agreement, Coinstar Money Transfer
becomes a key player in the Polish market and a new competitive money
transfer service for the Polish Diaspora. Coinstar Money Transfer
provides an easy to use, reliable and cost effective way to send money
around the world. The services are specially suited for individuals away
from home who need to send money to their family and friends or to
manage their personal finances. Coinstar Money Transfer Ltd. has become
one of the leading money transfer providers, with over 45,000 locations
and operates in 140 countries worldwide.
With women accounting for the majority, 62% of Americans are planning to alter their financial plans due to economic uncertainty in the months ahead. Among these, 66% were women while 58% were men; 66% of those 18-54 are taking a closer look at their financial plans versus only 54% of those 55 and over; and 83% are planning to save more in the months and year ahead, with only 7% planning to do so using investment risks. This, according to the new Coinstar “Currency Poll” on economic trends, shows 87% of women vs 79% of men intend to save more rather than investing or spending and 93% of Americans ages 18-44 plan to save and invest more, compared to 87% of those over 45.
The results of a new survey from Coinstar indicate that microdonations to charity are on the rise.According
to the Coinstar National Currency Poll on microdonation trends, 92% of
donated money to charity in the last 12 months, however 25% say
their donations were smaller than the year before. Microdonations are on
the rise as people are looking for ways to donate that fit their budgets with 87% of Americans indicating they would
consider making small monetary donations to charity throughout the year if it was
a simpler process. Of the respondents willing to make smaller
donations, 75% feel they would donate if they
could make the contribution easily, while 70% would donate if no minimum
donation amount was required and 60% admit they would
consider the donation if they could use the contribution as a write-off during tax
season and 52% think about making small contributions throughout the year
if they had the option of a one-time only donation and 47% if they could
give money anonymously. Additionally, 37% would like to
have the option of selecting multiple charities to donate to at one time.
Coinstar is providing the much needed service as shown through the more than $30 million
donated through its “Coins that Count” program since its inception in 1997.
Coinstar posted a 45.5% jump in third quarter revenue to $296.0
million. Net income for the quarter was $41.4 million, compared with net
income of $4.5 million in the third quarter of 2008. DVD rentals and the
coin-counting businesses drove the quarter. During the third quarter
Coinstar announced the closing of the sale of its entertainment services
business to CO-based National Entertainment Network; signed a deal with
nFinanSe to distribute reloadable cards for the “Pay as You Go”
Solution; inked a contract with Stored Value Solutions to provide
MasterCard prepaid gift cards to Coinstar E-Payment Services; and Rixty
launched its new cash-based payment system via Coinstar kiosks. The
Company also announced that CFO John Harvey has resigned, effective
November 9th. For complete details on Coinstar’s latest performance
visit CardData (www.carddata.com). (CF Library 7/8/09; 8/13/09; 9/3/09;