The first 500 PayPoint retailers take delivery of their new Gift Card Mall kit this week to be in-store for the run up to Christmas. PayPoint, the UK’s best known and most used over-the-counter payment solutions provider and Coinstar the leading UK Gift Card programme provider have begun the rollout of their gift card proposition to independent PayPoint retailers.

PayPoint and Coinstar have co-developed a Gift Card Mall Kit for the independent sector which includes a display stand, point of sale materials, merchandise support and a selection of well known high street brands card stock.

The first set of gift card brands are:

• Debenhams
• Argos
• Homebase
• Ticketmaster
• Spa Finder
• RFU Rugby Store
• Red Letter Days
• Gift Days Out

PayPoint retailers can now take advantage of the seasonal trade in gifting and earn 5% commission on the value of the customer load. There is no cost to the consumer to purchase a gift card other than the load value they choose and there is no risk to the retailer as stocks of gift cards have a zero value until they are activated and processed through the PayPoint terminal.

The gift card brands will be refreshed as new brands join the mall and stock will be sent direct to retailers who have a gift card mall in-store. The point of sale material will also be refreshed on a regular basis to reflect seasons and calendar dates such as Valentines Day, Easter and Mother’s Day. Stock control will be automated via the PayPoint terminal and new stocks will be replenished based on sales.

The programme rollout will continue over the coming weeks and further PayPoint retailers will be benefiting from incremental business generated by gift cards this Christmas.

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Enquiries:
PayPoint Press Office
020 7100 9999
paypoint@mischiefpr.com

Notes to Editors
PayPoint is the leading cash and internet payments company in the UK and Ireland, handling in excess of £5 billion in over 400 million transactions annually for more than 5,000 clients and merchants. The company operates with several significant payment streams:

• The PayPoint branded retail network numbers over 18,500 terminals located in local shops (including Co-op, Spar, Costcutter, Sainsburys Local, One Stop, Londis and thousands of independents) in all parts of the UK and Ireland. Terminals handle gas and electricity meter prepayments, cash bill payments, mobile phone top-ups, transport tickets, London Congestion Charges, BBC TV licences and a wide variety of other payment types for all of the leading utilities, telecommunications suppliers and many consumer service companies. This network is used by consumers, free of charge, over 7 million times a week. The network has 97.3% population cover on a 1 mile urban or 5 miles rural measure;
• Additional multiple retailer connections into the electronic till systems of nearly 4,000 outlets including BP, Somerfield and Superdrug for mobile top-ups and selected payments from the PayPoint range;
• The PayPoint ATM network has 1,979 'LINK' branded machines across the UK, also typically in convenience stores;
• PayPoint Internet Payment Services (PPIPS), trading as Metacharge and SECPay, provides secure credit and debit card payments for over 4,000 web merchants linking into all the major UK acquiring banks; and
• PayPoint International has recently acquired a Romanian mobile top-up operator to which a bill payment service will be added, emulating the UK branded retail network. PayPoint International also operates Irish bill payment and top-up services.

PayPoint floated on the London Stock Exchange in September 2004. The company's market capitalisation at 9 November 2007 was £399 million. PayPoint has been awarded the Queen's Award for Enterprise and is widely recognised for its leadership in prepayment systems, smart technology and consumer service.

About Coinstar E-Payment Services Limited
Coinstar E-Payment Services Limited (CEPSL) is the UK’s leading gift card programme enabler providing gift card services across many retail channels including, grocery, high street and convenience sectors.  CEPSL have a broad range of issuer relationships with many partners including, iTunes, Debenhams and Ticketmaster as well as a number of prepaid open loop gift cards. CEPSL has also been chosen by PayPoint plc to fulfill their retailer’s requirements for gift card services. CEPSL is an affiliate of Coinstar Limited.

About Coinstar Limited
Coinstar Limited, a leading provider of self-service kiosks, owns and operates more than 1,300 supermarket-based machines in the UK that enable over 100,000 shoppers a week to convert their idle collections of loose change into vouchers redeemable for cash or shopping at the checkout.  Coinstar also provides innovative E-Top-up kiosks for prepaid mobile at convenient retail locations across the country.