Rite Aid Updates Payment Processing In-Store and Online

Tim Denman
Editor in Chief
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Rite Aid is updating its payment processor and security solutions covering more than 2,400 stores nationwide as well as its e-commerce site.

The retail pharmacy giant selected Bank of America Merchant Services to bring together payment, e-commerce and security solutions to help it optimize its digital commerce and improve the customer’s purchase journey

“We look forward to working with Bank of America Merchant Services for our payment processing needs,” said Matt Schroeder, chief financial officer, Rite Aid. “In addition to payment processing they are providing us with Advanced Smart Routing, which will help Rite Aid with efficiency and effectiveness of PIN transactions.”

Bank of America Merchant Services processes 17.3 billion transactions at more than 700,000 merchant locations throughout the U.S., Canada and Europe, guiding businesses from the Fortune 50 to neighborhood establishments through the evolving world of payments.

“We’re proud to deliver our payment and security solutions to one of America’s top drugstore chains,” said David Ades, EVP and head of sales North America at Bank America Merchant Services. “As one of the nation’s leading drug store chains providing critical health and wellness services to the communities they serve, we are honored to be a part of Rite Aid’s solution to deliver a seamless customer experience on a daily basis."