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.