Under the terms of the deal, PAI will own and operate the ATM placements and IBERIABANK cardholders will be enabled to make transactions at IBERIABANK branded ATMs that can be found at Rite Aid locations.
PAI provides ATM services for over 60,000 retail locations nationwide and has been selected to provide ATM services for almost 1,500 Rite Aid locations in the Western, Central, and Southern US.
PAI and IBERIABANK are set to have all locations fully-functional and branded by mid-November 2013.
Payment Alliance International is a company focused on providing ATM solutions, equipment sales and support, and branding programs. PAI also offers payment and small business solutions including credit, debit and prepaid card acceptance services.
IBERIABANK Corporation is a financial holding company with 272 combined offices across US.
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