Developing nations pose unique problems for banks, and HSBC is no different. The old “phony ATM machine cardreader” scam that was once popular in the United States has resurfaced in the UAE. HSBC and other banks have become targets of debit card fraud. Banks in the UAE are warning their customers about […]
Kudos to The Guardian for this article. As bad as finances are in the U.K. we found out that executive perks at HSBC remain untouched. The TUC PensionWatch report identifies a senior HSBC finance director who ‘receives an executive allowance of 55 per cent of annual basic salary to fund personal pension arrangements’. […]
According to the Guardian: “Couples who lost their wedding presents when online gift service Wrapit went into administration are planning to demonstrate outside the head office of HSBC this afternoon. The gift list firm closed on Monday after it failed to find a rescue deal, leaving up to 2,000 couples without presents that […]
An HSBC network crash left thousands of customers without cash and unable to use their debit and credit cards at the weekend.
The outage meant HSBC and First Direct customers were faced with service messages when trying to take out cash at ATMs or they had their cards declined when trying to pay in shops or […]
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 […]
ROTTERDAM — HSBC Bank is working with Price Chopper to resolve the rejection of their debit cards at the supermarket’s cash registers. The problem is the bank’s computer system is not aligned with Price Chopper’s system, officials said. Because of this, the registers won’t accept the card’s PIN. HSBC said it hopes […]
In a press release that shows HSBC learned well from Shea v Household and continuing questions about HSBC Finance Corporation credit card payments, we find that HSBC can still be “Hong Kong Shanghai” if they want to, but not in the United States:
BEIJING, Nov. 10 (Xinhuanet) — HSBC Holdings Plc., Europe’s largest bank by […]
BEIJING - HSBC Holdings Plc., Europe’s largest bank by market value, said it expects to issue one million dual-currency credit cards by July with partner Bank of Communications Ltd., outpacing rival Citigroup Inc. in the world’s fastest-growing consumer market. “We are on track to meet our target,” Ron Logan, head of the credit […]
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 […]
A crackdown on current account penalty charges could slash the cost of banking for millions of customers. The Office of Fair Trading is telling banks and building societies they must follow guidelines on excessive charging for some services or face a formal investigation. This follows the OFT’s ruling that penalty charges of up […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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