YES BANK, India's new age private sector Bank has signed a Memorandum of Understanding (MoU) with First Data, a global leader in electronic commerce and payment processing services, for an innovative ATM deployment programme.

Under the strategic alliance, First Data and YES BANK will jointly establish a widespread network of Automated Teller Machines (ATMs) across various cities in India.

According to an official release, First Data will leverage its extensive ATM capabilities to support YES BANK in identifying new ATM locations and delivering installation and field management services including 24x7 monitoring and vendor management.

The latest tie-up was considered in line with YES BANK's ATM expansion strategy, as the lender sees an opportunity to further expand its network to 500 ATMs by 2010, 1500 by 2012 and, over 3,000 ATMs by 2015.

Sources reported that, the pilot phase of the programme will begin in August 2009 in Mumbai and Delhi, followed by other cities across India.

At present, YES BANK has 117 fully operational branches and 93 offsite ATMs across 92 locations in the country, as well as 2 National Operating Centers in Mumbai and Gurgaon.