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Coinstar Inc., a self-service coin-counting machine and DVD-rental company, could be selling its e-payments business, according to the company's second-quarter report. Additionally, the Bellevue, Wash.-based company also wants to offload its funds-transfer service. Coinstar's e-payments business sells stored-value, payroll, prepaid debit and prepaid phone cards. Coinstar says it operated approximately 24,0000 point-of-sale terminals that provide its e-payment services as of June 30. E-payments and funds-transfer services "do not leverage our core competencies in automated retail," the report states. "Coinstar is increasing its focus on automated retail and its two core products in this space–self-service coin counting and DVD-rental kiosks," a Coinstar spokesperson tells CardLine sister publication ISO&Agent Weekly. The e-payments business generated second-quarter revenue of $6.1 million, up 5.2% from $5.8 million during the same period last year, the spokesperson says. Coinstar's e-payments business has its roots in the 2004 acquisitions of CellCards of Illinois (CardLine, 3/15/04) and TelSouth Communications Inc. (CardLine, 10/18/04), the Coinstar spokesperson says
