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Simon Property Group Inc. announced today it will install some 360 ATMs in 160 shopping malls it manages in 31 states. The machines, which are owned and operated by Bank of America, will be live by June in the malls' common areas, said Simon, the nation's largest owner and manager of retail real estate. Terms of the agreement with BofA were not released. “As the largest financial institution ATM provider in the country, Bank of America is a perfect fit for Simon's national footprint,” said Paula Ramey, vice president of administration at Simon Management Group, in a statement. BofA has links to 16,700 ATMs overall. In other ATM news, manufacturer Triton Systems announced its U.S. shipments increased 21% last year and said it expects another jump in 2006. This is despite disruptions the Long Beach, Miss.-based company went through last summer in the wake of Hurricane Katrina. Triton shipped 14,782 ATMs in the U.S. in 2005 and 20,481 worldwide, the company said. Katrina forced 25-year-old Triton to close its plant for three weeks. The company then spent weeks after that helping employees to recover from the storm's impact. “Even though 2005 brought us many challenges, with the help and dedication of our sales partners and with the resilience of our employees, we were able to end the year with numerous successes, many of which exceeded our own expectations,” said Brian Kett, Triton's president, in a statement. Triton specializes in off-premise ATMs and software for ATM management.
