In the News

Mar 15 2013
0

ATM Marketplace: Prepaid cards and ATMs: a perfect pairing

Posted by | In the News | No Comments

From coupon deals with local merchants to open-loop prepaid ventures with the likes of Visa and MasterCard and a multi-merchant myGift card offering with Discover, ATM-dispensed giftcard provider Better ATM Services has come a long way in a relatively short time.

Todd Nuttall, CEO of Better ATM Services believes that the success of his product has everything to do with the natural compatibility of stored value products and value (i.e., cash) dispensing ATMs.

At the recent ATMIA US 2013 conference, Nutall sat down with ATM Marketplace to discuss results of a study indicating a strong correlation between ATM users and giftcard buyers. Read More

Mar 05 2013
0
Paybefore Awards 2013

Paybefore: Paybefore Honors Innovation in Orlando, Announces Europe Winners

Posted by | In the News | No Comments

On March 4, Paybefore celebrated 72 programs in 23 categories, naming for the first time Best-in-Category honorees at the 7th Annual Paybefore Awards Ceremony, which capped off the first day of Prepaid Expo USA in Orlando, Fla.

This year—for the very first time—there was a sixth judge, consisting of the votes of visitors to Paybefore.com, who participated in the selection of the Best-in-Category winners. In all, more than 3,200 people voted, and their votes made the difference in the Best in Category choice in nine categories. Read More

Mar 02 2013
0

The Prepaid Press: 5 Minutes with Todd Nuttall

Posted by | In the News | No Comments

Better ATM Services, a technology innovator in the ATM industry, is now offering an ATM-issued multibrand prepaid card, the myGIFT card. 

 

AH: Better ATM seems to be instrumental in bringing the gift card into the ATM infrastructure. Tell us about your new product, myGIFT card.

TN: Better ATM Services has become the first provider of what we call an ATM-issued multibrand prepaid card. This is a big milestone for us. The unique ATM-dispensed myGIFT One Card Many Choices Discover Prepaid Card allows consumers to shop at premier, nationally recognized restaurant and retail stores.  Read More

Feb 22 2013
0

Payments Journal: Better ATM Services Previews New Research on ATM Use and Prepaid Users

Posted by | In the News | No Comments

Fifty-six percent of credit union members purchase prepaid products, but only 5.6 percent purchase them from their credit union. With more than half going elsewhere to make their prepaid purchases, credit unions are only seeing 1 out of 20 of their customers buying their prepaid products. The data show consumer preferences on where to purchase their prepaid products boils down to convenience.

The findings come from new research commissioned by Mesa, Arizona-based Better ATM Services, a technology innovator in the ATM and prepaid industries. Better ATM Services CEO Todd Nuttall offered an initial look at a few key findings, which he said underscores the very strong correlation between ATM usage and prepaid users, during a presentation at this week’s ATMIA’s U.S. Conference 2013.  Read More

Feb 04 2013
0

The Prepaid Press: Open Loop Predictions 2013

Posted by | In the News | No Comments

Gone are the days when prepaid open loop cards were considered glorified gift cards.

These days, consumers are learning that open loop cards can be linked to a multitude of banking-type features. On the flip side, retailers are learning how to turn these accounts into ongoing relationships with customers that allow them to flex their marketing muscle.

This combined awareness will make 2013 a year of healthy growth in the prepaid reloadable space. We talked to eight executives in the prepaid market, who predict that over the next few years in reloadable we’ll see a plethora of new features added to open loop cards that make them closely resemble bank accounts. This will inspire a more diverse user demographic, and bring banks and traditional credit card companies into the loop as prepaid providers.

We’ll also see open loop accounts go digital and mobile with reloadable virtual gift cards picking up speed and mobile applications playing a key role in gift card provisioning and payments. Both of these factors will contribute to a deeper integration between open loop cards and loyalty, incentive and other marketing programs. Finally, open loop cards will pick up speed in emerging markets abroad.

As these changes take shape, many in the industry believe 2013 will be a year of trial and initial adoption, while 2014 and 2015 lead to a tipping point and much greater uptake. Read More

Dec 13 2012
0

Credit Union Times: Gift Cards via ATMs

Posted by | In the News | No Comments

Banner Federal Credit Union hopes the addition of  new card technology will help draw more members and nonmembers to its 11 ATMs.

The credit union has partnered with Better ATM Services to be the initial financial institution issuing the myGIFT card, a closed-loop gift card that carries the Discover brand.  The new gift card is made of a new type of material that is thin enough and flexible enough to be dispensed through an ATM’s cash dispensing mechanism but which is also firm enough to be used in a point of sale terminal. Read More

Dec 12 2012
0

ATM Marketplace: NASA FCU ATMs Now Dispensing Visa Gift Cards

Posted by | In the News | No Comments

NASA Federal Credit Union has announced the introduction of ATM-dispensed Visa gift cards at select branches in Maryland, Virginia and the District of Columbia. The new service, unveiled just in time for the holiday shopping season, allows credit union members to purchase gift cards right at the ATM with ease and security, the FCU said in its announcement.

The cards are the product of Better ATM Services, which owns the card format. The gift cards are dispensed directly from the cash tray and are accompanied by coupons that provide consumers with an added incentive for card purchase. The cards can be used wherever Visa gift cards are accepted. Read More

Dec 06 2012
0

Phoenix Business Journal: Mesa Company Lets You Buy Gift Cards from ATMs

Posted by | In the News | No Comments

Mesa-based Better ATM Services has introduced new technology to allow people to purchase prepaid gift cards from an automated teller machine.

The company has launched the myGIFT One Card Many Choices Discover Prepaid Card, which is being rolled out as part of a pilot program through 11 Banner Federal Credit Union ATMs across Arizona.

Better ATM Services provides patented technology to ATM owners and operators that allow their machines to dispense gift cards similar to cash. Read More

Dec 05 2012
0

PaymentsSource: Not All Prefer Open-Loop Prepaid, Better ATM Sees in Gift Card Test

Posted by | In the News | No Comments

Better ATM Services offers open-loop Visa prepaid cards through ATMs, but such one-size-fits-all cards don’t appeal to all consumers. To appeal to shoppers who prefer closed-loop gift cards, Better ATM is testing cards that work at nine merchants.

The myGift Discover-branded card is undergoing trials this quarter at Banner Federal Credit Union machines at 11 locations in Arizona and should become widely available in the first quarter of next year, says Todd Nuttall, Better ATM’s chief executive.

“You have a massive prepaid-type gift card market,” he says. “We know that half the people go for open-loop and half the people like to have particular brands.”

Consumers can redeem the cards in the test at Macy’s, Lowe’s, Express, Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Roy’s Hawaiian Fusion Cuisine, Fleming’s and Cabela’s.

“A lot of people really do like a combination of key brands,” Nuttall says.

The card differs from the Visa-branded open-loop gift card that Mesa, Ariz.-based Better ATM introduced about a year ago. The earlier card was good anywhere Visa is accepted, unlike the myGift card which is redeemable only at certain stores. Read More