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Iberiabank, PAI team up on ATM branding at Rite Aid stores

October 17, 2013

Louisville, Ky.-based IAD Payment Alliance International and Lafayette, La.-based Iberiabank have struck a branding agreement covering ATMs in selected Rite Aid pharmacies throughout the Greater Memphis, Tenn., area.

As with its other FI branding partnerships, PAI will own and operate the ATMs, a news release from the partners said.

Iberiabank cardholders will enjoy surcharge free access for transactions at their FI's branded ATMs; Iberiabank will expand its ATM footprint in the Memphis area without adding capital and operating expenses for an ATM fleet. 

The news release said that the partners expect to have all locations branded and fully functional by mid-November.

PAI provides ATM services at more than 60,000 retail locations nationwide, including approximately 1,500 Rite Aid stores in the western, central, and southern United States. 

A subsidiary of the financial holding company IberiabankCorp., Iberiabank operates 180 branch locations in Alabama, Arkansas, Louisiana, Tennessee and Texas.  

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