Posts Tagged ‘credit card’
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 [...]
CBRC: No Banks Shall Provide Credit Card Services To Teenagers
July 20th, 2009
The China Banking Regulatory Commission has issued a circular which asks Chinese banks not to provide credit card services to students under 18 years old.
Furthermore, CBRC asks banks to obtain a written consent from parents of students who are over 18 years old stating that the parents pledge to pay off any debt incurred by [...]
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 [...]
Chinese Airline Boosting Business With Online Payments
January 20th, 2009
Chinese budget air carrier Lucky Air has signed a partnership agreement with China’s third-party payment platform YeePay.com for air ticket distribution to both businesses and consumers in mainland China.
China’s Yeepay.com Suffers Internet Payment Hacker Attack
January 16th, 2009
Chinese Internet payment platform Yeepay.com says starting at 16:20 on January 14, 2009, the company’s official website experienced large-scale hacker attacks.
Japanese Enterprises Will Open Online Stores In China
December 31st, 2008
According to reports in Japanese local media, about 100 Japanese enterprises will open online stores in China in the next few months and sell their products via the Internet, aiming to realize sales of JPY4 billion in the first year of their operation.
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.
Bank Of China To Fight Illegal Internet Credit Card Activity
December 1st, 2008
The People’s Bank of China and the Ministry of Public Security of China jointly held a press conference on their special action to fight crimes involving bank cards.
7-Eleven To Offer Credit Card Payment Service In Guangdong
October 30th, 2008
The chain convenience store group 7-Eleven has jointly announced with China UnionPay to launch a convenient financial service plan, providing China UnionPay’s standard card users in Guangdong with a series of convenient payment services.
Alipay’s User Number Over 100 Million By August 2008
September 24th, 2008
China’s third-party Internet payment platform Alipay has announced that by the end of August 2008, the number of its users has reached over 100 million, making it the second largest payment platform after American-based Paypal, which has over 180 million users in the world.
