BECU Partners with Payment Alliance InternationalPAI – Jan 14th, 2014
LOUISVILLE, Ky., and TUKWILA, Wash., Jan. 14, 2013 (Business Wire)-- Payment Alliance International (PAI), a leader in retail ATM solutions, and BECU, the largest credit union in Washington and one of the top five financial cooperatives in the country, jointly announce today that they have entered into an agreement to brand 138 ATMs located at Rite Aid stores in Washington state. PAI will own and operate all of the ATMs inside Rite Aid stores. BECU members will enjoy surcharge-free access and convenience at BECU-branded ATMs in Rite Aid stores for cash-only transactions. The agreement creates one of the largest ATM networks in the area with more than 300 BECU-branded ATMs in the Puget Sound region and 350 plus BECU-branded ATMs in the state of Washington.
PAI operates one of the largest ATM networks in the United States, with equipment at more than 60,000 retail locations across the country. As part of the network, the company provides ATM services for approximately 1,500 Rite Aid locations nationwide. Gregory W. Mercer, senior vice president of PAI, states, "We are happy to help BECU increase member convenience and expand its footprint at Rite Aid locations in Washington."
BECU offers members free, convenient ATM access to a fleet of 200 plus credit union owned and operated ATMs in Washington, and surcharge free access nationwide at nearly 30,000 ATMs carrying the CO-OP Network logo. Adding surcharge free ATMs at Washington Rite Aid store locations is an innovative way for BECU to enhance member access and convenience. "One of our top member requests is to add more ATMs," said Doug Marshall, senior vice president of digital channel and product management at BECU. "We are pleased to partner with PAI to expand convenient, surcharge-free ATM access to cash for our members at Rite Aid stores," adds Marshall. The new units are expected to be fully deployed in Rite Aid stores at the end of first quarter 2014.
Financial institutions interested in expanding with branded ATMs at Rite Aid stores may email Greg Mercer or telephone 561-684-6252.
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.
BECU is a not-for-profit, member-owned credit union. Profits are returned to members in the form of better rates and fewer fees. With more than 825,000 members and $11.5 billion in assets, BECU is the largest credit union in Washington and one of the top five financial cooperatives in the country. BECU currently operates over 40 locations in the Puget Sound region. Founded in 1935, BECU was formed to provide a banking alternative for the employees of The Boeing Company. Today, all Washington state residents are eligible to join. For more information, please visit www.becu.org.
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