Thursday, May 27, 2010

Coinstar Sells E-Payment Services Business

Bellevue-based Coinstar said yesterday that it has sold off its E-Payment services business to InComm, in a deal worth $40M. Coinstar's E-Payment service business included 400 individual prepaid card products from 65 issuers. Coinstar said the sale would help it focus on its core strength in automated retail. Coinstar was advised by Raymond James & Associates in the sale.