HSBC Renews Global Premier Relationship with MasterCard Worldwide

Agreement between HSBC and MasterCard renews mutual commitment to serving HSBC Premier customers around the world PURCHASE, N.Y., May 03, 2010 (AllPayNews) -- HSBC and MasterCard Worldwide have signed an agreement renewing their longstanding global partnership to provide HSBC Premier customers with a MasterCard credit card until 2015. HSBC Premier is an exclusive banking service, tailored to individual financial needs and providing internationally minded customers with access to global banking and expertise in over 40 countries and territories. Through its long-standing collaboration with MasterCard, HSBC is able to offer a consistent and valuable Premier card program to customers around the world. Cardholders can choose experiences that suit their lifestyles including vacation packages, shopping, dining and entertainment. The credit card's protection benefits provide a free next day emergency card replacement and travel insurance. "HSBC Premier is relationship banking without boundaries, designed to give customers the service they deserve whether at home or abroad, and the Premier MasterCard card is a key component of our service for our customers. With the help of a dedicated Relationship Manager and wealth specialists, customers can grow, manage and protect their wealth around the world," said, Richard Harvey, HSBC Global Head of Cards. "We have developed the HSBC Premier credit card in partnership with MasterCard during the last decade and are pleased to renew our commitment to that partnership." Walt Macnee, President of International Markets, MasterCard Worldwide, said: "We are very excited that HSBC has chosen to extend our relationship as we work together to provide Premier credit cardholders with an enhanced value proposition." For more information about HSBC Premier visit: www.hsbcpremier.com. About HSBC Holdings plc HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,364 billion at 31 December 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'. About MasterCard Worldwide MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter:@mastercardnews. SOURCE: MasterCard Worldwide MasterCard Worldwide Joanne Trout, 914-249-6644 joanne_trout@mastercard.com or HSBC Adrian Russell, +44 (0)20 7991 1678 adrian.russell@hsbc.com