News

Payment Alliance International acquires ATM operator ISA-Ecash

June 18, 2019

ATM provider Payment Alliance International has acquired Massachusetts-based ATM operator ISA-Ecash, a company led by CEO and Founder Jack O'Toole and CFO and Chairman Jim McGuire, according to a company press release. 

"We are very excited about the capabilities ISA-Ecash has built over the years and the value they will add to our portfolio management products and services business," David Dove, chief executive officer for PAI, said in the release. "Jack O'Toole and Jim McGuire have built strong and enduring relationships with their customers, and we look forward to having them and the rest of ISA-Ecash's employees join the PAI team." 

The acquisition brings more than 40 financial institution customers with 960 ATMs located throughout the Northeast into PAI's existing nationwide network of more than 75,000 ATMs. It also encompasses ISA-Ecash's ATM Manager Pro software offering, supporting more than 270,000 ATMs across America.

"The combination of PAI and ISA-Ecash will provide tremendous value to our combined customer base," O'Toole said in the release. "Technology in the form of PAI Reports, services in the form of Vantage and value-added products and services like dynamic currency conversion will help fuel growth."

ISA-Ecash employees are being retained in the company's Norwood, Massachusetts, offices. Terms of the agreement were kept under wraps.