Houston, TX - Cardtronics Inc. and HSBC Bank USA, N.A.,have closed a deal that will enable HSBC to brand up to 59 ATMs inWalgreens locations in Northern New Jersey. Installations are expectedto be completed by early June of this year. In addition, allHSBC-branded ATMs in Walgreens stores will be surcharge-free to thebank's customers - just like its on-premise ATMs.
HSBC Bank USA is the U.S. banking unit of one of the world's largestfinancial services companies. The bank has nearly 400 branches in NewYork State and began its New Jersey expansion in June 2005. HSBC alsohas branches in Florida, California, Pennsylvania, Washington, D.C,Delaware, Oregon and Washington state.
"Our goal is to provide our financial institution partners theopportunity to brand the over 10,000 national merchant locationsworldwide that Cardtronics possesses," said Keith Myers, executive vicepresident of financial services for Cardtronics. "Not only does thisprovide financial institutions an excellent means to increase theirfootprint and brand awareness - while improving both customer serviceand convenience, but in turn provides the national merchant withincreased foot traffic and enhanced customer loyalty."
"We are always looking for ways to provide our customers added valueand convenience," said Seamus McMahon, president of HSBC's Atlanticregion, which includes New Jersey, Florida, Washington, D.C,Pennsylvania, Delaware and Pennsylvania. "Cardtronics is a strongpartner and shares HSBC's commitment to quality customer service. Thisagreement underscores our continued growth in the New Jersey area, aswell as throughout the region."
About HSBC Bank USA, N.A.
HSBC Bank USA, N.A. has nearly 400 branches in New York State, anetwork of branches in Florida and California and a number of branchesin other states. Throughout the U.S., the bank serves more than 3million individual and business customers with a full range offinancial products and services. It is the principal subsidiary of HSBCUSA Inc, one of the nation's largest bank holding companies by assetsand an indirectly held, wholly owned subsidiary of HSBC North AmericaHoldings Inc. For more information about HSBC Bank USA and itsproducts and services visit http://us.hsbc.com.
About Cardtronics
Cardtronics, the world's largest owner/operator of ATMs, has anationwide U.S. network of more than 26,000 locations operating inevery major market and in all 50 states as well as 1,000 locationsthroughout the UK. Major merchant-clients include A&P®, Albertson's®,Amerada Hess®, BP®, Chevron®, Costco®, CVS®/pharmacy, ExxonMobil®,Duane Reade®, Rite Aid®, Sunoco®, Target® and Walgreens®. Cardtronicsalso works closely with financial institutions across the U.S. to brandATMs in these major merchants to provide convenient access for theircustomers and to preserve and expand their markets.
