Cash handling company Loomis has entered an agreement with the British bank HSBC for management of the Bank's remote ATMs across the UK.
The contract success is the largest since Loomis' market listing in December 2008 and when fully implemented, will make HSBC the largest customer of Loomis in the UK.
The agreement which became effective from August 1 includes management of HSBC's remote ATM estate, including cash forecasting, replenishment and maintenance which will be performed in association with contract partner, NCR Corporation (NYSE: NCR).
'This agreement means that we take total responsibility for the remote ATMs of HSBC in theUK. This is a tremendous step forward for Loomis in the UK and represents a vote of confidence from the market for our services', says Lars Blecko, CEO of Loomis.