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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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HSBC Merchants

14 August
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Capital One to buy HSBC credit card business

Orchard Bank , Household Bank, and HSBC credit card customers will soon be sending payments to Capital One, if a recently-announced multi-billion dollar deal is completed. According to reports from Reuters and the Wall Street Journal, London-based HSBC had expressed intentions to focus its operations on UK consumer banking and [...]

18 June
Posted in HSBC Merchants
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How does HSBC compare to others? See for yourself

How does HSBC compare to others? That is a question many people ask. When your credit card is handled by HSBC the answer may shock you. For example: LO said in an email — “A couple of weeks ago I sent HSBC by mail a certified check to pay off [...]

31 March
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Another HSBC merchant bankrupt. This time it’s Gottschalks

HSBC merchant services doesn’t have much luck when it comes to merchants. With the possible exception of consumer favorite Best Buy Stores Inc., HSBC merchants come and go. For a while it got so bad that if a merchant signed a contract with HSBC Merchant Services many wondered about their [...]

12 March
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Do you really want a credit card backed by HSBC?

Do you really want a credit card from an HSBC merchant? According to a lawsuit filed in Illinois, HSBC found customers by scanning lists of people who held mortgages and also had high credit card balances with K-Mart, Best Buy, Costco and other retailers affiliated with HSBC that provided the [...]

9 March
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Best Buy and HSBC of Nevada ruling goes against consumers

Reported on 03/05/2009: The 9th U.S. Circuit Court of Appeals ruled against plaintiffs in a consumer class action suit stemming from annual fees associated with an online credit card offer. The court found that a national company was not using California as its principal place of business based on the [...]