Buypass Corp. said it has obtained an exclusive, multiyear contract to provide debit, electronic funds transfer, and gateway processing services to Rite Aid Corp.
The point of sale contract covers all 3,960 Rite Aid stores and 11,000 terminals.
Buypass, a unit of Wilmington, Del.-based Electronic Payment Services Inc., also said it set a transaction growth record for the second quarter in a row: 27% in the April-June period, to 380.5 million.
The debit card category was up 62%, and electronic benefits transfer, 183% from the year before.
Buypass has begun processing EBT transactions for Arizona, New Hampshire, North Carolina, Rhode Island, Vermont, and the District of Columbia. It now provides EBT support in 33 EBT states.