The award recognizes Coinstars global growth potential following development of its new self-service kiosk capable of offering a wide variety of prepaid products and services in addition to coin counting. In late 2003 Coinstar began deployment of Coinstar machines that moved the company beyond its consumer coin counting roots to support real time transaction processing, enabling customers to replenish prepaid wireless accounts, activate and reload Prepaid Truth MasterCard cards and enable employees of participating companies to obtain wage statements, balance inquires and other payroll services. The company continues to expand its product line, including future value-added products that may include bill payment, plus added gift card services. Coinstar Centers are deployed in more than 10,000 retail locations in the United States, United Kingdom, and Canada. The Frost & Sullivan Award for Product Innovation is presented to the company that has demonstrated excellence in new products and technologies within their industry. The recipient company has shown innovation by launching a broad line of emerging products and technologies. Coinstars top ranking in the interactive kiosk global marketplace is published in the latest Frost & Sullivan report titled: World Interactive Kiosk Markets. Specific criteria used to determine final competitor rankings in the industry include: significance of new product(s) in their industry; competitive advantage of new product(s) in their industry; product innovation in terms of unique or revolutionary technology; product acceptance in the marketplace; new product value-added services provided to customers; and number of competitors with similar product(s). The firm has been covering the Interactive Kiosks market since 1997 and has published eight syndicated reports on kiosks as well as its allied components.
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