HSBC Extends Contracts with Four Key National Merchants for Private Label Credit

by Mercator Advisory Group 0

HSBC announced the renewal of contracts for four private label credit programs, affirming the company’s commitment to this consumer credit segment.

“Prominent merchants like The Neiman Marcus Group, Furniture Row, Helzberg Diamonds and Polaris count on HSBC for expertise and innovation in managing their customers’ credit needs, while helping to build loyalty to their brands,” said Brian Hughes, Executive Vice President and Head of Card and Retail Services for HSBC – North America. “We look forward to continuing these longstanding relationships, and building new ones, as we continue to grow our private label credit card business.”

Contract extensions mentioned ranged from two to five years.

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http://www.businesswire.com/news/home/20101014006017/en/HSBC-Extends-Contracts-Key-National-Merchants-Private