Both are based in Louisville
LOUISVILLE, Ky. (Jan. 4, 2017) — Payment Alliance International (PAI), a leader in electronic payment processing solutions, announced today that it has acquired Louisville-based ATM operator Avery Scott, LLC. The acquisition adds more than 400 ATM locations throughout the Louisville metro area, surrounding counties and states to PAI’s existing nationwide network of more than 74,000 ATMs.
“Avery Scott and its leadership team have provided retail ATM services to the Louisville market for more than 20 years, and we are excited to bring our company strength and expanded product line to both new and existing Avery Scott customers,” said John J. Leehy III, president and chief executive officer of PAI. “With PAI headquartered in Louisville, this hometown acquisition is extra special for all of us and brings marquis clients such as the Louisville Zoo, Jewish Hospital and Slugger Field, to name a few.”
The employees and affiliates of Avery Scott are being retained. Terms of the agreement were not disclosed.
“We’re joining forces with PAI because both companies value each other’s expertise, reputation, dedication to customers and commitment to introducing new and innovative ATM processing solutions,” said Ron Fadel, chief executive officer for Avery Scott. “We’re thrilled to be able to provide ATM users with new and exclusive technologies, such as cardless mobile phone ATM transactions, dynamic currency conversion for foreign cards, as well as point-of-sale and mobile payment solutions designed to add substantial value for today’s busy retailers.”