Medagate “OTCNetwork” OTC healthcare benefits payments platform launched its “OTCMedicaid” card platform, developed to help Medicaid Programs improve Health Effectiveness Data Set (HEDIS) scores through administered OTC benefit and health incentive programs. Due to new Health Care Reform mandates, Medicaid programs nationally are seeking to improve compliance with HEDIS-based wellness as a measure of program success and funding. The “OTCMedicaid” Card enables Medicaid Programs to more efficiently provide and administer OTC benefits for use in member self-care, and also provide cash incentives for OTC items to influence behavior around routine health maintenance. With acceptance integrated into front-of-store POS terminals at over 35,000 leading retail locations, the “OTCNetwork” is today being leveraged by Medicare Advantage plans to more efficiently disburse and administer OTC benefits, and improve Centers for Medicare and Medicaid (CMS) Star Ratings.
Stored Value Solutions custom gift card solutions for prepaid cards has
signed agreements to provide MasterCard prepaid gift cards to Coinstar
E-Payment Services. With this agreement MasterCard prepaid gift cards
will be available at retail outlets across the country where Coinstar is
present. The Card’s SVS prepaid solution allows customers to load cash
onto their MasterCard prepaid card, who are given the freedom to shop
anywhere Debit MasterCard is accepted. Coinstar automated retail
solutions offers products and services through supermarkets, drug
stores, mass merchants, financial institutions, convenience stores,
restaurants and money transfer agents while Stored Value Solutions
custom gift card solutions are available for prepaid cards, loyalty and
B2B applications. Stored Value Solutions serves six of the top ten U.S.
retailers and annually processes over 1 billion transactions for 600
Coinstar celebrates its 10th anniversary as a publicly traded company. Coinstar pioneered self-service coin counting at retail in the early 1990s and to date the company has processed more than $15 billion in change in over 435 million consumer transactions. Building on this expertise, the company added three lines of business for the retail front-end and in the past decade has expanded its presence to more than 140 countries and grown from 3,200 retail locations to more than 60,000. Coinstar pioneered self-service coin counting at retail in the early 1990s and to date the company has processed more than $15 billion in change in over 435 million consumer transactions. Building on this expertise, the company added three lines of business for the retail front-end and in the past decade has expanded its presence to more than 140 countries and grown from 3,200 retail locations to more than 60,000. With the rapid growth and increasing demand for stored value products such as gift cards and prepaid debit cards, Coinstar seized the opportunity to include these services in its 4th Wall product portfolio. Coinstar’s various e-payment services are offered through more than 14,000 point-of-sale terminals, 400 stand-alone e-payment kiosks and 8,900 e-payment-enabled coin counting machines. As the program grew, Coinstar became the first provider to offer a gift card program to major retailers in the United Kingdom. In addition, with money transfer being one of the top services requested by retailers, Coinstar added money transfer to its e-payment offerings in 2006.
Charter One Bank and Coinstar have entered into an agreement for Coinstar to distribute the universal “Charter One MasterCard Gift Card” through Coinstar gift card malls in drug, grocery, mass merchant and convenience stores across America. The program is being facilitated through RBS Lynk. Coinstar’s category management process includes inventory control, management of card sourcing, display design, and merchandising and technology integration for point-of-sale.
Coinstar announced the expansion of its gift card mall
program into the United Kingdom. The program represents the company’s
latest move in developing a comprehensive offering that helps retailers
increase consumer traffic and drive profit at the front of the store. The
program includes targeted card selection, inventory control, management of
card sourcing, display design and merchandising and multiple point-of-sale
technology integration. The gift card mall consists of a display rack of
leading dining, clothing, entertainment, book, home and service gift cards
strategically placed for shopper convenience. Gift vouchers are a $1.5 billion market in the U.K.
NCR has opened “TransitionWorks,” an expanded radio frequency identification demonstration center located in Atlanta with plans to announce new centers in Europe and Asia in the near future. The TransitionWorks center will reflect the scope of NCR’s end-to-end portfolio of current or soon-to-be-announced RFID solutions and services, including comprehensive global consulting services, UHF reader solutions, hand-held RFID scanners, RFID labeling solution and data warehousing solutions. NCR Corporation is a provider of ATMs, retail systems, data warehouses and IT services.