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News Now

CU System
Three Arizona CUs piloting first ATM Visa gift cards
MESA, Ariz. (1/12/12)--Three Arizona credit unions are participating in a pilot program offering Visa's first ATM-dispensed gift cards.

Credit Union West, Glendale; MariSol FCU, Phoenix; and Pinal County FCU, Casa Grande; are offering their members Visa gift cards at walk up and drive-through ATMs.

Screens on the ATMs include the option to purchase a gift card, and they prompt users to designate the value to load on each card. Cards are available with no activation fee in $25 denominations during the pilot.

The new ATM-dispensed Visa Gift card is made of a durable, yet thinner, material than debit and credit cards. The gift cards can easily pass through the cash mechanisms of ATMs, said Visa.

Better ATM Services patented the technology that enables sale of prepaid cards through ATMs.

Visa said it is working with manufacturers, independent sales organizations and financial institutions to make ATM-dispensed gift cards a common offering at ATMs nationwide.


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