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nFinanSe, Inc. (NFSE.OB) and Coinstar, Inc. (CSTR) Sign Distribution Agreement

nFinanSe announced last week that they have signed an agreement with Coinstar E-Payment Services Inc. to distribute nFinanSe’s Reloadable Prepaid and Gift Cards to Coinstar’s Pay as You Go Solution found at retailers nationwide. The agreement will open up new revenue streams for both companies and have a lasting effect on their future.

nFinanSe is an up-and-coming company that has been gaining national attention of late. The Tampa, Florida Company is an innovative financial services company and provider of store value and prepaid solutions. Coinstar E-Payment Services is a subsidiary of Coinstar, Inc. and has been making a name for themselves in their field.

Commenting on the affect this agreement will have on both companies, nFinanSe Vice-President of Sales Karen Sobie said, “Coinstar is a leader in the prepaid industry and we are very proud to be partnering with them in the distribution of our general purpose reloadable and gift cards. Our agreement with Coinstar will ensure that our market-leading reloadable cards, priced to the consumer at only $3, achieve much greater penetration in the marketplace and stimulate significant trial and usage among consumers.”

nFinanSe’s Reloadable Prepaid Cards will attract a wide-array of customers and have many features and benefits such as:

– $3 purchase price
– Low $2.95 monthly fee
– Low $2.95 reload fee
– Permanent card included in the retail package
– Free direct deposit of payroll
– No hidden transaction fees and no fees on purchases
– Reloadable at over 80,000 nFinanSe Network™ nationwide locations
– “Free… of course!” Live Customer Service available 24 hours a day, 7
days a week in English and Spanish
– Purchase and available balance information sent to cardholder’s cell
phone and/or email address after each transaction
– Mobile couponing through RocketBux®.

The nFinanSe Gift Cards are available in $25 and $50 denominations and come in different themed packaging in both English and Spanish. The prepaid cards are expected to be available to Coinstar retail partners during the fourth quarter of 2009 and will be joining Coinstar’s Pay As You Go solution featuring national and regional prepaid wireless programs, long distance cards, gift cards, digital entertainment products and one of the industry’s largest portfolios of financial services.

The union of nFinanSe and Coinstar will create easier access for their customers and a profitable future for all involved.

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