Bank / Credit Union

Payment Alliance International acquires B & B Music ATM portfolio

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January 12, 2021

Payment Alliance International, provider of ATM portfolio management tools and services announced it has acquired the ATM portfolio of Cleveland-based B & B Music & Video. The acquisition adds more than 580 company-owned ATMs and 120 merchant-owned ATMs to the nationwide fleet PAI services and supports. The acquisition also includes an additional 20 ATMs enabled with bitcoin purchasing capabilities, according to a press release.

Over the past 15 years, B & B has built a regional Northeastern Ohio base of ATMs. Acquiring B & B's ATM portfolio creates a strong local presence for PAI in the Cleveland market and continues the company's national expansion. This includes Vantage Technical Services for cash management, cash-in-transit and equipment maintenance, as well as AMP+, a complete portfolio management toolset providing real-time visibility and control to manage ATMs.

"B & B's sales efforts have been focused on transparency, trust and excellent service," Jordan Brown, president of sales for PAI said in the release. "PAI offers terrific resources and support so we can continue to deliver at a superior level," added Brown. "I look forward to joining PAI to extend their footprint in Northeast Ohio and beyond."