Payment Alliance International and IBERIABANK announced on Thursday an agreement to brand ATMs in certain Rite Aid pharmacies in the Memphis area, allowing cardholders surcharge-free access to funds at branded ATMs.
PAI, one of the nation’s largest ATM networks, services over 60,000 ATM retail locations around the country and has been selected to provide ATM services for approximately 1,500 Rite Aid locations in the U.S.
“It has been a pleasure working with the team at IBERIABANK to grow their presence in the Memphis area,” PAI Senior VP Gregory W. Mercer said. “With these highly visible IBERIABANK branded ATMs, cardholders can now easily and safely obtain surcharge free cash at select Rite Aid locations.”
IBERIABANK is the 126-year-old subsidiary of IBERIABANK Corp. and has 278 offices, including 180 and two loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas and Florida.
“Our recent acquisition, along with our newly branded in-store ATMs at Rite Aid, are part of our growth strategy to serve the Memphis market by providing clients with greater access to banking services in a variety of convenient locations,” Greg Smithers, the Memphis market president at IBERIABANK, said.
PAI provides payment processing solutions to businesses nationwide. It also provides ATM processing and maintenance services, ATM sales and support and ATM branding programs.