The partnership will enable PayPoint retailers to sell the UK’s most popular gift cards in one convenient location

Coinstar, the leading UK Gift Card programme provider, and PayPoint, the UK's best known and most used over-the-counter payment solutions provider, have agreed to co-develop an innovative Gift Card programme for the UK marketplace.

Coinstar’s Gift Card programme will be made available to selected PayPoint outlets via the PayPoint terminal and integrated retailer EPOS systems.

The Coinstar Gift Card programme  consists of a display rack carrying  many of the UK’s leading retailers from  department store, clothing, book, music, experience, sporting and electronics brands. The programme provides the PayPoint retailer with an innovative, turnkey product to drive incremental business, turnover and profits into their stores. In addition, it also promotes an exciting and convenient new way for consumers to buy gifts, in the form of electronic stored value gift cards for their friends and family.

Mohit Davar, managing director, Coinstar E-Payments Services (UK) Ltd says “This marks a huge step for Coinstar. By partnering with PayPoint we build on our initial success in the UK, and broaden the reach of our innovative gift card mall programme to 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 Mall programmes in the US and UK.”

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Coinstar Enquires
Nicola Marshall/Tom Nutt
The Communication Group plc
020 7630 1411/07719 646 702
nmarshall@thecommunicationgroup.co.uk

About Coinstar Limited
Coinstar Limited, a leading provider of self-service kiosks, owns and operates more than 1,000 supermarket-based machines in Britain 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 and gift cards at convenient retail locations across the country. 

PayPoint Enquiries:
PayPoint Press Office
Helen Crossley and Jenine Creaney
020 7100 9999
helen.crossley@mischiefpr.com / jenine.creaney@mischiefpr.com

Notes to Editor
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 25 March 2007 was £464 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.