Payment Alliance International, Inc., a Louisville, Ky.-based U.S. leader in ATM portfolio management tools and services, acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc., a subsidiary of Perativ Inc.
The financial terms of the transaction were not disclosed.
The acquisition adds nearly 400 ATMs, increasing PAI’s nationwide network to more than 90,000 ATMs.
Payment Alliance International (PAI) is the nation’s largest, privately-held provider of ATMs, offering ATM portfolio management tools and services, including transaction processing, bank sponsorship, maintenance, cash-in-transit (CIT) servicing and the company’s portfolio management toolset PAI Reports for more than 90,000 ATMs.
Perativ is a financial technology company focused on cash optimization. Its SaaS platform combines automation, artificial intelligence, analytics and ATM operations that enable financial institutions to innovate cash distribution, giving customers with access to cash at more than 10,000 Access Cash ATMs across Canada.