HSBC’s Global Transaction Banking Services business today announced it will provide clients a centralized-secure payment service across Canada, the United States and Mexico. The payment service from one of the world’s largest financial institutions is geared toward clients that need to make payments to trading partners within North American Free Trade Agreement (NAFTA) countries. It especially benefits multinational companies in the automotive, pharmaceutical, technology, logistics, and consumer goods sectors that do business in any of these three markets.
“If HSBC - and primarily HSBC Finance Corporation Household International - could simply apply payments when they are mailed or submitted electronically, HSBC would receive fewer complaints about predatory lending” said consumer advocates at Household - HSBC Watch. “They know they are defending BBB, state level, and federal level complaints on a huge scale, but do nothing about it” the group said.
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