HSBC Retail Services

HSBC Retail Services is a venture capital firm in Illinois that offers credit solutions including revolving credit, installment loans, co-branded credit cards, dual line credit products, and customer loyalty programs. Founded 1971 in Wood Dale, Illinois, United States by Sir Thomas Sutherland, it invests in early stage ventures. It typically funds venture rounds. On May 22, 2006, it invested in the venture round of Tempo Payments, a company that provides innovative payment technology solutions for issuers and affinity partners. The investment made was $8.7M. HSBC Retail Services, Inc. issues private label credit cards in the United States and operates as a subsidiary of HSBC Finance Corp.