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HSBC was the third-largest issuer of private label credit cards in the United States, including cards for more than 70 active merchant relationships, including Best Buy, GM, Yamaha, Kawasaki, Neiman Marcus, Polaris and Saks Fifth Avenue. Most of its card portfolio was sold to Capital One in 2011.
Acquisitions in 2005 included Metris Inc, a US credit card issuer for $1.6 billion in August [43] and 70.1% of Dar es Salaam Investment Bank of Iraq in October. [44] In April 2006, HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $155 million. [45] In December 2007 HSBC acquired the Chinese Bank in Taiwan. [46]
This came as a surprise after HSBC sold its branch network in Upstate New York in 2012 to First Niagara, KeyBank, Community Bank, N.A. and Five Star Bank. In January 2019, HSBC announced it would open two new branches in Western New York, as part of the bank’s initiative to open 50 branches in new and existing markets in the United States.
Key takeaways. You can cancel a credit card application by calling or emailing the credit card company's customer service department — but you've limited time to act.
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PayMe was introduced as a standalone mobile app, offering P2P social payment. [14] Users register via a Facebook account or Hong Kong mobile phone number and authorise access to a credit card or local bank account (not necessarily an HSBC account), from which the balance can be topped up, and a bank account to receive money.
The outlets offered a range of financial services, including an exclusive credit card and savings account. In March 2015, the bank announced its intention to move its UK retail banking headquarters from London to Birmingham ( One Centenary Square ) in 2018 as part of the programme of ring-fencing overseen by the Prudential Regulation Authority .
Apple Pay is a mobile payment service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web.Supported on iPhone, Apple Watch, iPad, Mac, and Vision Pro, Apple Pay digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale terminal.