January 18, 2017 2:00 PM ET

Commercial Services and Supplies

Company Overview of Payment Alliance International, Inc.

Company Overview

Payment Alliance International, Inc. provides payment solutions across ATM machines, credit cards, and check services. It offers automated teller machines (ATM) business management and installation, and ATM branding, as well as PAIWebStore.com, an online portal for ATMs, parts, support, and maintenance; merchant solutions, such as check services, gift and loyalty cards, industry-specific bundles, e-commerce/telephone orders, mobile solutions, alternative business financing, and data breach security; and ATM advertising solutions. The company also provides merchant services and RDC referral programs, as well as under-banked solutions, such as prepaid card centers, bill pay centers, and cash a...

One Paragon Centre

6060 Dutchmans Lane

Suite 320

Louisville, KY 40205-3277

United States

Founded in 2005

Phone:

866-996-5398

Fax:

502-212-4004

Key Executives for Payment Alliance International, Inc.

Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Executive Vice President
Chief Payments Advisor
Senior Vice President of Partner Services Group
Compensation as of Fiscal Year 2016.

Payment Alliance International, Inc. Key Developments

Sionic Mobile and Payment Alliance International Launch ATM iBeacon Proximity Mobile Advertising Network

Sionic Mobile and Payment Alliance International (PAI) announced they have formed a strategic alliance to enhance the PAI ATM network (more than 74,000 terminals nationwide) with iBeacons, allowing advertisers to engage and connect with millions of mobile app users. Officially launched in mid-November at the annual PAI Market Partner Conference, the new PAI Beacon Network is an industry first and enables proximity-based mobile advertising and cardless cash redemption of earned mobile loyalty rewards. The PAI Beacon Network can now offer national advertisers a powerful way to reach mobile-savvy, ready-to-spend consumers with compelling ads, thus inciting awareness and interest for their brands. The iBeacon technology sends a greeting to nearby app users, delivering proximity-based mobile ads and offers, and an invitation to redeem rewards for cash at a nearby ATM. Users simply opt for a cardless transaction then tap the “Mobile Rewards App” button and enter a single-use, three-digit code from their Mobile Rewards App to quickly and securely withdraw cash from a participating ATM. Powered by Sionic Mobile’s cloud-based ION Commerce Engine (ICE), each transaction is completed with advanced security and fraud prevention tools that protect both the consumer and the ATM owner.

FIS and Payment Alliance International Bring Cardless Cash to Consumers at Retail Locations

FIS Cardless Cash will expand across the United States due to a new partnership between FIS and Payment Alliance International. The partnership connects FIS Cardless Cash with PAI and brings mobile access to ATMs located at many of the nation's retailers, gas stations, convenience stores and more. The deal will ultimately expand to 70,000 ATMs in the PAI ATM network. FIS Cardless Cash protects consumers by reducing risk of card skimming and shoulder surfing, both of which are on the rise at ATMs, according to industry data. By leveraging FIS Mobile Banking with TouchID, customers securely access their funds and authorize the amount they want without inserting a plastic card into an ATM. The mobile banking app acts as a remote control for the ATM, providing unparalleled privacy and security for consumers. Customers using FIS Cardless Cash can complete their withdrawals in 10 seconds and get an electronic receipt on their smartphone. This agreement makes NYCE the first national payment network to support mobile phone-to-ATM transactions. FIS Cardless Cash is an interoperable platform for banks, ATM operators and networks to provide consumers with access to their money anywhere they want it. Launched in Jan. 2015, 34 banks are active on it, in multiple cities, and have successfully processed millions of dollars in cardless ATM transactions since launch.

The North American Retail Hardware Association and Payment Alliance International Form Partnership

The North American Retail Hardware Association (NRHA) and Payment Alliance International (PAI) announced that have formed a partnership to provide independent home improvement retailers with new credit card processing and payment services opportunities. PAI currently serves over 70,000 ATMs and 85,000 retail businesses with a variety of payment solutions and educational opportunities. PAI is the latest organization to join NRHA’s growing business services offerings, adding to already established member insurance, health insurance and prescription savings card programs designed to provide retailers with alternative solutions to common business needs. Through PAI’s program, retailers receive a detailed charge analysis comparison to see how the program benefits their bottom line, and gain access to the most up-to-date payments technology.

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