Payment
Alliance International (PAI), a leader in retail ATM solutions, and BB&T
Corporation (NYSE: BBT), one of the largest financial services
holding companies in the U.S., have jointly announced today they have
entered into an agreement to brand over 130 Rite
Aid Corporation ATMs in the Atlanta area. While PAI will own and
operate all of the ATM placements, BB&T customers will enjoy the
familiar appearance of the BB&T brand on the ATM, as well as surcharge
free access for their transactions.
As one of the largest ATM networks in the United States, PAI provides
ATM services for over 60,000 retail locations nationwide and was
recently selected to provide ATM services for approximately 1,500 Rite
Aid locations in the western, central, and southern United States. With
the Rite Aid placements, BB&T is able to significantly expand their ATM
footprint in Atlanta without the normal capital and operating expense
associated with such a large undertaking. PAI and BB&T expect to deploy
all of these locations before the end of Aug. 2013.
Gregory W. Mercer, senior vice president of PAI, stated, “We are
thrilled to help BB&T expand its footprint at conveniently located Rite
Aid locations in the Atlanta area where BB&T cardholders can now obtain
surcharge free cash at in-store ATMs.” Mercer added, “The entire team at
PAI looks forward to working with BB&T to serve our mutual customers in
the coming years.”
“We are very pleased to expand surcharge-free ATM access to our BB&T
clients in the Atlanta area,” said Brant Standridge, BB&T Northern
Georgia Regional President. “The 130 new ATM locations in Rite Aid
stores augment our existing branch and ATM network to provide convenient
cash access locations throughout the Atlanta area. Our strategic
alliance with PAI and Rite Aid is a positive achievement for all parties
and will benefit our clients as well.”
About Payment Alliance International (PAI)
Payment Alliance International is a leading provider of payment
processing solutions for businesses nationwide. As the nation’s largest
deployer of ATMs, PAI provides ATM processing and maintenance services,
ATM equipment sales and support, and ATM branding programs. PAI also
offers comprehensive payment and small business solutions including
credit, debit and prepaid card acceptance services…all designed to
maximize customer success and make business easy. Payment Alliance
International is based in Louisville, Ky. For more information, please
visit www.GoPAI.com
or follow us on Facebook
and Twitter.
About BB&T
BB&T (NYSE: BBT) is one of the largest financial services holding
companies in the U.S. with $181 billion in assets and market
capitalization of $22.0 billion, as of March 31, 2013. Based in
Winston-Salem, N.C., the company operates 1,842 financial centers in 12
states and Washington, D.C., and offers a full range of consumer and
commercial banking, securities brokerage, asset management, mortgage and
insurance products and services. A Fortune 500 company, BB&T is
consistently recognized for outstanding client satisfaction by J.D.
Power and Associates, the U.S. Small Business Administration, Greenwich
Associates and others. More information about BB&T and its full line of
products and services is available at www.BBT.com.
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