#USA #Bellevue #digital wallet #Coinstar #Brandon Thompson

Coinstar Appoints Brandon Thompson as CCO

Coinstar® has welcomed Brandon Thompson as its new Chief Commercial Officer (CCO) in a strategic move to boost its digital transformation efforts and expand its product lineup. This leadership change is pivotal as Coinstar seeks to adapt and thrive in an evolving financial landscape where digital solutions are becoming increasingly crucial for consumers.

As CCO, Thompson is tasked with spearheading Coinstar's commercial strategy, aiming to accelerate growth both domestically in the U.S. and internationally. He will focus largely on enhancing the reach and functionality of the company’s digital wallet, CINQ by Coinstar™, a platform designed to facilitate easier transactions for cash-preferred individuals. Under Thompson's direction, Coinstar plans to roll out new financial products that will simplify the process of converting physical cash into digital currency.

With a network of nearly 24,000 kiosks strategically placed around the globe, Coinstar is uniquely equipped to connect with customers who rely on cash. The company’s ability to process transactions in real time, paired with its established reputation in physical locations, positions it favorably to bridge the divide between tangible and digital currencies. According to Kevin McColly, the CEO of Coinstar, “We process over 50 million transactions annually while partnering with more than 700 retailers worldwide. Brandon’s leadership is vital as we expand from a trusted physical network into a comprehensive digital financial platform.”

Thompson's experience—spanning over 20 years—encompasses roles in digital banking, fintech, and broader financial services. His prior engagements at Green Dot Corporation and Netspend highlight his expertise in driving product launches and fostering inclusive financial strategies tailored for cash-reliant individuals. This aligns seamlessly with Coinstar's goal to evolve from a service focused primarily on coin-counting to a full-service financial solution provider. “Coinstar has the infrastructure and trust required to do something few companies can achieve—innovatively bridging physical currency and the digital economy on a large scale,” noted Thompson about the company’s vision.

As Thompson steps into his role, the focus remains squarely on developing new tools that empower users by offering various financial management options. These include bill payments, online shopping, and everyday expense management, catering to a diverse range of consumer needs. This commitment to innovation is vital, especially considering that Coinstar's digital wallet, CINQ by Coinstar™, launched in 2024, allows consumers to digitize cash in mere minutes.

The company is already gearing up for an exciting wave of product innovation expected to be unveiled by late 2025, which aims to support evolving financial needs beyond traditional kiosk services. This ambition reflects Coinstar's dedication to adapting to consumer demands in an increasingly digital-first world.

Prior to joining Coinstar, Thompson played a crucial role at Green Dot Corporation, leading product, marketing, and commercial strategies within prepaid and mobile financial services sectors. His insights into creating accessible financial tools for cash-preferred consumers are expected to significantly advance Coinstar’s initiatives.

To explore further innovations and services Coinstar provides, including its range of financial services that facilitate cash transformation, visit Coinstar's official website. With Thompson at the helm of commercial strategy, Coinstar is poised to cultivate a user-friendly financial ecosystem that resonates with many cash-handling consumers seeking a seamless transition to digital finance.