PHOENIX – Banner FCU announced this morning it has become the first financial institution to dispense multibranded prepaid gift cards through its ATMs.
The cards, known as myGIFT card, are being launched through Better ATM Services, the Mesa, Ariz., company that piloted ATM-dispensed Visa gift cards at three Arizona credit unions earlier this year.
“Because prepaid cards have become the gift of choice for any occasion, we can now offer our members the flexibility to make one stop for all their banking and gift giving needs,” said Roger Swanson, president of the $60 million credit union.
The ATM-dispensed myGIFT One Card Many Choices Discover Prepaid Card allows consumers to shop at premier, nationally recognized restaurant and retail stores including Macy’s, Lowe’s, Outback Steakhouse, and Bonefish Grill. Cards are redeemable to buy goods and services at specific merchants that accept Discover cards.
During a pilot program, myGIFT cards will be available at walk-up Banner FCU ATMs at eleven Banner Health ATM locations throughout Arizona.
ATMs, supplied and run by Express Teller Services for the credit union, will now include a menu screen option offering consumers the opportunity to purchase the myGIFT One Card Many Choices Discover Prepaid Card in addition to selecting cash and other banking service options.
The ATM-dispensed card is made of a thin, durable material allowing cards to easily pass through an ATMs’ cash mechanisms and works like any other prepaid card. To make it easy to find ATM-dispensed myGIFT cards, Banner FCU now features a list of locations on their website at http://www.bannerfcu.org.