Posts Tagged ‘bank’
Chinese Internet Shopping Security Alliance To Be Established
December 10th, 2009
Chinese anti-virus solution provider Kingsoft says it will join hands with e-commerce service provider Taobao.com, [...]
China To Issue Licenses To Domestic Online Payment Companies
December 7th, 2009
According to Ouyang Weimin, director of Payment System Department of the People’s Bank of China, [...]
Card Fraud: IBM Employee Information Disclosed By Supplier In China
August 27th, 2009
According to South Metropolitan Daily newspaper, the personal data of more than 1000 employees of IBM Shenzhen has been disclosed and used to apply for credit cards.
Employees of IBM Shenzhen found that their personal information had been disclosed and this data was used to apply for credit cards without their knowledge with a Bank of [...]
China UnionPay Accused Of Facilitating Illegal Cash Advances
May 8th, 2009
China UnionPay, the top domestic credit card organization in China, is now accused of facilitating illegal cash advances.
According to local media reports, under the rules of China UnionPay, businesses need to return only 0.5% to 2% of the total amount of consumption of a cardholder to the card issuing bank and China UnionPay, and the [...]
Sanlian Group Sues Gome Over Illegal Acquisition
January 16th, 2009
Shandong-based retailer Sanlian Group has sued several companies, including the Chinese electronics retail giant Gome, for the illegal acquisition of 27 million shares in Sanlian Group’s Sanlian Commerce subsidiary and has asked the court to announce the purchase as invalid, as well as seeking CNY50 million compensation from these companies.
China Postal Savings Bank Inks New Credit Card Processing Agreement
December 4th, 2008
TSYS announced that China UnionPay Data Services, TSYS’ joint venture with China UnionPay, has signed a credit card processing agreement with China Postal Savings Bank, China’s fifth largest lender.
China Suspends 300 Phishing Website Domain Names
November 25th, 2008
According to Anti-Phishing Alliance of China, by October 30, 2008 it had suspended the domain names of more than 300 Chinese phishing websites with the help of the anti-phishing system based on the .CN domain names.
Alipay Offers Online Payment Service For Public Utilities In China
October 28th, 2008
Alipay, one of China’s largest third-party online payment platforms and a subsidiary of e-commerce behemoth Alibaba Group, has launched a new service to offer one-stop payments for payment of public utilities.
Google AdSense Will Open E-payment Service In China
October 24th, 2008
According to Zhou Wenbiao, director for online sales and operations of Google (GOOG) Asia-Pacific, Google AdSense will launch an e-payment service for its Chinese publishers before the end of 2008.
