Pendum

Payment Alliance International, a provider of electronic payment processing solutions, and Cash Connect, a supplier of ATM vault cash services, will partner to offer an exclusive vault cash and forecasting program. The program, called PAI CA$H Alliance, will be offered to the PAI ATM Market Partner network, which comprises more than 60,000 retail ATMs.

"[W]e understand the real vault cash challenges facing IADs in today's difficult credit market," said John J. Leehy, president and CEO at PAI. "We are excited to partner with the leader in vault cash services, Cash Connect, and are pleased to be able to offer this program to our Market Partners and their customers."

According to the partners' announcement, the program will provide a single source for convenient and affordable services that include vault cash, carrier management, cash forecasting, maintenance and insurance. IADs must process transactions through PAI to take advantage of the PAI CA$H Alliance program.

"We're thrilled to help propel the growth of PAI market partners through the new PAI CA$H Alliance program," said Cash Connect president Tom Stevenson. "The additional time and capital gained by outsourcing cash management services will allow them to spend more time on business development and less time on daily operations."

For more on this topic, visit the vault cash/cash management research center.

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