Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


HSBC To Offer Co-Branded Corporate Card

Hsbc To Offer Co-Branded Corporate Card

HSBC and American Express today announced the launch of a co-branded corporate charge card to meet the travel and purchasing needs of HSBC customers.

The card enables HSBC to offer a stronger suite of corporate banking products to current and prospective clients, and allows American Express to extend their reach in the New Zealand market. HSBC and American Express have a similar corporate card agreement in Australia.

HSBC chief executive, Simon Edwards said one of the key factors in the new relationship was the global recognition, support and security offered by both organizations.

The card will operate with the same terms and conditions as American Express Corporate Cards and Cardmembers will be eligible to join the American Express Membership Rewards program.

Under the new co-branding agreement, American Express will be responsible for all card servicing, membership enquiries and reporting.

American Express New Zealand Country Manager, Atul Mathur said, “The partnership brings together the strength of two global brands.

“Our brand benefits from being introduced to HSBC?s premium commercial client base, while that client base benefits by being introduced to a Corporate Card platform that leads the market.

“The American Express brand offers global recognition and respect, while our closed-loop Corporate Card network offers superior data capture capabilities and data integrity.

“In business, where information is paramount, the Corporate Card platform is a smart management tool that provides information crucial for planning and compliance as well as for leveraging suppliers.”

Mr Mathur said the brand partnership was mutually beneficial and has led to a product offer that should be very compelling for HSBC clients.

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news