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Check 21 Works To Benefit Banks, Not Customers

BOSTON — The Association for Work Process Improvement honored HSBC Bank USA as the winner of its Remittance Processing Council’s first annual excellence award. The award will be presented in Chicago next month. According to a news release, the bank was selected because of its innovative approach to lockbox integration of Check 21, image-exchange […]

Sears and K-Mart Proposed Merger

Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.

Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]