New ATM Network Emerges

Credit Union Journal, The, May, 2007

Payment Alliance International, a provider of ATM and transaction services, announced it has agreed to acquire control over 8,500 ATMs from NetBank Payment Systems, creating one of the nation's largest ATM networks.

The $18-million deal will give PAI management over almost 9,000 ATMs, which it will be marketing to credit unions and banks and other providers of financial transactions. Tremont Capital Group of Boston, a leading consultant in the ATM market, advised PAI on the deal. John Jackson, a spokesman at PAI, told Credit Union Journal the company hopes to build ...