Household HSBC Watch

LA in Pennsylvania said: “I work at Sears. You post that Sears is no longer affiliated with HSBC. This is wrong. Sears currently has two banks running their credit cards: Citibank and HSBC. When a customer applies for a Sears Card, his credit report is first run by Citibank. If Citibank approves him, then […]

Global Payments Inc., a provider of electronic transaction processing solutions, announced it has agreed to form a joint venture with HSBC Bank plc to provide payment processing services to merchants in the United Kingdom and Internet merchants globally. The new company will operate under the name HSBC Merchant Services. The big question is whether […]

In spite of over a decade of complaints, charges of predatory lending, and lawsuits, Lumber Liquidators signed a credit card deal with HSBC Finance Corporation. For many companies and their investors a decision to sign with HSBC is a sign of a troubled company. Time will tell, but many sign with HSBC to […]

HSBC - North America’s retail services business today announced it has formed a strategic alliance with electronic payment network operator Debitman Card, Inc. to accelerate growth in Debitman’s debit card platform, known as “The Retailer’s Network.”

About Debitman
Debitman created and operates the Retailer’s Network, the only national, interoperable electronic payment network for retailer-issued debit cards. Founded […]

North America’s retail services business (NYSE:HBC) has extended its long-term agreement with Art Van Furniture to provide a private label credit card program. Ranked 12th in Furniture Today magazine’s “Top 100 U.S. Furniture Stores,” Art Van operates 29 stores in 28 cities throughout Michigan.

Since 1980, HSBC and Art Van have partnered to offer Art […]

EILEEN POWELL of the Associated Press said:
The three major consumer credit reporting agencies announced Tuesday that they have created a new credit scoring system aimed at simplifying the loan process for both lenders and borrowers.

The announcement by Equifax, Experian and TransUnion said the new “VantageScore” was “a direct result of market demand for a more […]

Oct. 26, 2005–Fair Isaac Corporation, the leading provider of analytics and decision technology, today announced that London-based HSBC Holdings plc (HSBC), one of the world’s largest banking and financial organizations, has implemented Fair Isaac’s Fraud Predictor with Merchant Profiles. The next-generation fraud detection solution will provide HSBC with advanced capabilities for cutting fraud losses and […]

Oct. 24 2005 — HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, announced today that it has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax(R), one of the leading office supply retailers in the United States. “Our ability to […]

Effective Date March 9, 2004: GSI-Chelsea Solutions, Inc. (”GSI”) operates the web site, www.lizclaiborne.com, pursuant to agreements with LCI Holdings, Inc. (”Liz”). Liz Claiborne recently signed on board with questionable credit card processor Household International, now operating as HSBC Finance Corporation. But their web site allows you to open an account […]

HSBC - North America announced today that its business solutions group, the commercial arm
of HSBC’s retail services business, has signed a multi-year, private label financing agreement with Mac Tools, a division of The Stanley Works and a leading distributor of automotive tools and equipment. HSBC’s business solutions group will manage Mac Tools’ 35,000 commercial […]