tesco inks banking deal

Wachovia to be the exclusive ATM provider to Fresh & Easy Neighborhood Markets.

Tesco have revealed that Wachovia Bank will be the exclusive ATM provider to Fresh & Easy Neighborhood Market when the company’s first stores debut in Southern California, Las Vegas and Phoenix this fall.

The partnership between Wachovia and Fresh & Easy Neighborhood Market brings together two companies with a known presence in California.

“When considering ATM providers in the U.S., Wachovia stood out as a logical and natural partner since both companies strive to be good neighbors and employers and to provide the absolute best customer service,” said Tim Mason, CEO for Fresh & Easy. “We are confident that consumers will be as receptive to Wachovia as they will be to our fresh, high-quality foods.”

The companies are a natural fit due to their dedication to the environment. Wachovia recently announced a “green” financial center design in accordance with Leadership in Energy and Environmental Design (LEED) certification standards. The company will begin opening its green financial centers in Southern California later this year, and by the end of 2008 all new Wachovia branches will be built using LEED standards.

Fresh & Easy Neighborhood Market is equally committed to the environment.

“Fresh & Easy believes part of being a good neighbor is being a responsible steward of the environment,” said Simon Uwins, Fresh & Easy’s chief marketing officer. “Underscoring that commitment, we will install an innovative 500,000 square foot solar roof at our distribution center, at a cost of $13 million. We believe it will be the largest roof-mounted solar installation in California and possibly the world. In addition to our solar roof, we will minimize waste by recycling or reusing all our shipping material. Our freezer cabinets will use LED rather than florescent lighting, saving 50%, and we have modified our fridges to cut energy use by 10%.”

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