Loomis, a Sweden-based cash handling company, has signed an agreement with the British bank HSBC for management of the bank's remote ATMs across the UK.
Under the agreement, Loomis will also manage HSBC’s remote ATM estate, including cash forecasting, replenishment and maintenance which will be performed in association with contract partner, NCR Corporation.
Cash handling company claims that the contract when fully implemented will make HSBC the largest customer of Loomis in the UK.
Loomis CEO Lars Blecko said this agreement means that they take total responsibility for the remote ATMs of HSBC in the UK. This is a tremendous step forward for Loomis in the UK and represents a vote of confidence from the market for our services.
Loomis has 370 branch offices spread across 14 European countries and the US. It offers comprehensive solutions for cash handling primarily to the financial institutions and retailers.
It operates in: Austria, the Czech Republic, Denmark, Finland, France, Norway, Portugal, Slovenia, Slovakia, Spain, Sweden, Switzerland, Turkey, the UK, and the US.