\nEnables Cash Transfers to Any U.S. Debit Card Across More Than 10,000 Kiosks Nationwide<\/i><\/p>
PALO ALTO, Calif.--(BUSINESS WIRE)--TabaPay<\/a>, the leading money movement platform for innovators, and Evolve Bank & Trust<\/a>, a leading open banking provider, have expanded a partnership with Coinstar<\/a> to enhance its Transfer to Account service. Consumers using participating U.S. Coinstar\u00ae kiosks can now insert cash or coins and transfer funds directly to the account associated with any eligible debit card. This partnership aims to expand Transfer to Account functionality across more than 10,000 Coinstar kiosks<\/a> in the United States.<\/p> \nWhile many banks are looking to automate key services, the need to deposit cash or coins in-person can pose an obstacle to modernizing. Cash deposits and especially coin counting can be time-intensive, which becomes challenging as in-person staff is reduced. With Transfer to Account functionality, customers can go to their local Coinstar kiosks and easily transfer cash or coins, receiving the money in their accounts promptly with no bank personnel interaction needed.<\/p> \n\u201cCoinstar machines process more than 70 million transactions annually,\u201d said Kevin McColly, CEO of Coinstar, \u201cbut we value finding new ways to improve quality-of-life for customers and partners. Transfer to Account helps more Americans engage with financial services outside of a branch while reducing the operational burden associated with manual coin handling.\u201d<\/p> \nTabaPay\u2019s deep expertise in money movement and direct card network connections will empower Coinstar to support any debit card in the United States. Additionally, TabaPay is helping Coinstar scale least-cost transaction routing to improve authorization rates. Coinstar also leverages TabaPay\u2019s real-time monitoring and blocking tools to enhance fraud prevention.<\/p> \n\u201cCoinstar\u2019s greatest strength is the accessibility of its kiosks, and we are proud to augment that with comprehensive debit card support for Transfer to Account,\u201d said Rodney Robinson, CEO and co-founder of TabaPay. \u201cTogether with Coinstar, we are paving the way to a world where financial institutions, neobanks, and other clients without a physical location can seamlessly receive cash transfers.\u201d<\/p> \nEvolve Bank supports the compliant and secure execution of Transfer to Account transactions as the program bank. Winner of Tearsheet\u2019s Most Innovative Bank and Partner Bank award in 2023, Evolve has been a leader in open banking capabilities. By working with Evolve, Coinstar gains access to an innovative open banking infrastructure, so financial services can be effortlessly integrated in a trusted, compliant, and secure environment.<\/p> \n\u201cToday\u2019s consumers expect their banking experience to meet them wherever they are,\u201d said Alex Johnston, SVP, Head of Open Banking at Evolve Bank & Trust. \u201cBy transforming Coinstar kiosks into accessible banking touchpoints, we\u2019re extending the reach of traditional and digital banks. Whether funding an account with cash or coins, this is a powerful example of how open banking delivers real, everyday value to people.\u201d<\/p> \nAbout TabaPay<\/b><\/p> \nTabaPay is the money movement platform specialized in payments for regulated and emerging industries like fintech, lending, and platforms. Led by the pioneers of instant money movement, TabaPay leverages its expertise to provide tailored solutions for clients in dynamic regulatory environments \u2014 leading to best-in-class performance, risk rates below industry benchmarks, and substantial savings. The company serves a third of American households and is on track to move more than $100 billion in 2026. To learn more about TabaPay, visit tabapay.com.<\/p> \nAbout Coinstar, LLC<\/b><\/p> \nFounded: 1991 | Headquarters: Bellevue, Washington | Website: www.coinstar.com<\/a><\/p> \nCoinstar is a retail-embedded financial access platform that bridges physical and digital money through a trusted self-service network. Operating more than 24,000 kiosks across North America and Europe in partnership with over 700 retailers, Coinstar enables consumers to convert cash and coins into digital funds and access modern financial tools.<\/p> \nFor more than 30 years, Coinstar has earned trust at scale. Today, it is transforming its national kiosk network into infrastructure that allows physical currency to move seamlessly into the digital financial system.<\/p> \nAbout Evolve Bank & Trust<\/b><\/p> \nFor 100 years, Evolve Bank & Trust, a technology-focused financial services organization, has offered specialized solutions in Open Banking<\/a>, Personal<\/a> and Business Banking<\/a>, Mortgage<\/a>, SBA Lending<\/a>, Physicians Capital<\/a>, and Trust<\/a>. Evolve is recognized as a leader in the payments industry delivering unique technology strategies to its clients. Learn more at getevolved.com<\/a>.<\/p>