Ride Aid store

Rite Aid tightens payment processing and security

BY Dan Berthiaume

The drugstore chain is deploying a new payment platform across its stores and e-commerce site.

Rite Aid has selected Bank of America Merchant Services to be its omnichannel payment processor and security solutions provider. Bank of America Merchant Services’ technology will manage payments at Rite Aid’s more than 2,400 stores nationwide, as well as its Riteaid.com e-commerce site.

In addition to payment processing, Bank of America Merchant Services is providing Advanced Smart Routing, which is intended to help Rite Aid with the efficiency and effectiveness of PIN transactions.

“We look forward to working with Bank of America Merchant Services for our payment processing needs,” said Matt Schroeder, CFO, Rite Aid.

“We’re proud to deliver our payment and security solutions to one of America’s top drugstore chains,” said David Ades, executive VP 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.”


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