15 Aug 2007


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Coinstar and PayPoint partner to deliver UK gift card programme


Technology

Source : Coinstar/PayPoint
Programme will allow PayPoint retailers to sell the UK's most popular gift cards all in one convenient location
Coinstar E-Payment Services Limited, an affiliate of Coinstar Limited, one of the leading UK Gift Card programme providers, and PayPoint, the UK's best known and most used over-the-counter payment solutions provider, have agreed to provide an innovative Gift Card programme for the UK marketplace.

Coinstar's Gift Card programme will be made available to PayPoint's existing retailers and to potential new PayPoint outlets via the PayPoint terminal and integrated retailer EPoS systems. The companies expect to roll-out to retail locations in the second half of 2007.

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 gives the PayPoint retailer an innovative, turnkey product to drive incremental footfall, turnover and profits into the store. 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 of Coinstar E-Payments Services (UK) Ltd says, “This is a significant step for Coinstar's Gift Card programme. By partnering with PayPoint we build on our initial success in the UK, and broaden the reach of our innovative Gift Card programme to many retailers across the UK.”

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 programmes in the US and UK.”

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