Coinstar Installs Kiosks at PAYOMATIC Store Locations

Select PAYOMATIC stores in New York add coin counting to financial services offerings

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Jul 24, 2018, 08:59 ET

BELLEVUE, Wash., July 24, 2018 /PRNewswire/ -- Coinstar, the leader in self-service coin counting, today announced its installation of Coinstar® kiosks at select PAYOMATIC stores in New York. Coinstar coin counting will complement other financial services offered by PAYOMATIC including check cashing, money transfers and bill payment.

"We're pleased to partner with PAYOMATIC to offer our coin-counting service to their customers and expand our network in the New York area," said Jim Gaherity, CEO of Coinstar, LLC. "It's exciting to enter this new channel and we believe consumers will value this added service."

Coinstar owns and operates its network of nearly 20,000 kiosks providing retailers and financial institutions a hassle-free, turnkey service and new revenue steam. For consumers, Coinstar's self-service coin counting is convenient and turns loose change into cash quickly and easily.

"Coinstar is the leader in self-service coin counting and we're delighted to bring this popular service to our customers," said Jay A. Guskind, president and CEO of PAYOMATIC. "Our goal at PAYOMATIC is to be the one-stop resource for many of your everyday financial needs and adding Coinstar to our existing services gives our customers more options and added convenience."

Approximately 25 Coinstar kiosks have been installed at PAYOMATIC store locations with more to follow in the coming months.

About Coinstar, LLC

Based in Bellevue, Wash., Coinstar owns and operates the largest fully automated, multi-national network of self-service coin counting kiosks. With nearly 20,000 kiosk locations, Coinstar provides convenient and reliable coin counting services at mass merchants, grocery and drug stores and financial institutions. Consumer solutions include coin-to-cash, coin-to-eGift card and charity donation options. For kiosk locations and information, visit www.coinstar.com.

About PAYOMATIC Corp.

PAYOMATIC has been in business since the 1950s and has grown to become New York's largest provider of check cashing services, handling more than 19 million transactions annually. PAYOMATIC stores offer check cashing and many convenient services including bill payments, money transfers, money orders, prepaid debit cards and more. For more information and store locator, visit www.payomatic.com.

SOURCE Coinstar