Atlanta-based InComm acquired Coinstar Inc.’s e-payment business for $40 million. The deal included a prepaid product portfolio including approximately 400 individual prepaid card products from more than 65 unique issuers in a variety of prepaid segments, including wireless, long distance telecom, branded retail gift, financial services and digital entertainment, in the US and the UK.
For those not familiar with Incomm, they are the nation’s largest provider of prepaid wireless products and gift cards, in addition to offering software and bill payment solutions. The chances are high that if you have purchased a gift card for a graduation present this year that Incomm manages the infrastructure and the back-end behind the card.
This continues a series of recent acquisitions by InComm over the past few years, as they continue to expand and are working to stay ahead of competition from similar providers and alternatives in the market.