April 26, 2018 4:02 PM ET

Consumer Finance

Company Overview of The Pay-O-Matic Corporation

Company Overview

The Pay-O-Matic Corporation provides check cashing, money transfer, and bill payment services. It offers prepaid card, direct deposit, prepaid, money order, deposit/withdrawal, and other services. The Pay-O-Matic Corporation was formerly known as Paymaster Corp. and changed its name to The Pay-O-Matic Corporation in April 1970. The company was founded in 1950 and is based in Syosset, New York with a chain of store locations in New York.

160 Oak Drive

Syosset, NY 11791

United States

Founded in 1950





Key Executives for The Pay-O-Matic Corporation

Chief Executive Officer and President
Co-Chairman, Vice President and Assistant Secretary
Age: 75
Chief Operating Officer and Chief Financial Officer
Compensation as of Fiscal Year 2017.

The Pay-O-Matic Corporation Key Developments

Western Union Deepens Ties with Pay-O-Matic in Seven-Year Extension

Western Union has extended its contract with Pay-O-Matic, a check casher in the New York metropolitan area, for seven more years. The agreement includes Western Union Money Transfer and money order services, as well as bill payment services. Under the terms of the agreement, customers at Pay-O-Matic's 150 store locations in Brooklyn, the Bronx, Queens, Manhattan and Long Island will be able to send money to 500,000 Western Union Agent locations in 200 countries and territories, and also pay their bills through the Western Union Quick Collect service.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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