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Definition: Reverse ATM


(Reverse ATM LLC, Eden Prairie, MN) Reverse ATM issues and reloads stored value cards by converting cash into pre-paid debit and gift cards provided via kiosks and applications. An early leader in cash-to-card machines, Reverse ATM's parent company, Ready Credit Corporation, holds U.S. patents for the conversion of cash to anonymous prepaid debit cards with funds instantly available from a kiosk. Reverse ATM owns the REVERSE ATM brand for pre-paid purchase card services. See stored value card and cash-to-card machine.