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	<title>China Payments News</title>
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	<pubDate>Tue, 16 Mar 2010 00:00:03 +0000</pubDate>
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		<title>Open Solutions Canada Begins Processing CUP Card Transactions</title>
		<link>http://chinapaymentsnews.com/2010/03/open-solutions-canada-begins-processing-cup-card-transactions.html</link>
		<comments>http://chinapaymentsnews.com/2010/03/open-solutions-canada-begins-processing-cup-card-transactions.html#comments</comments>
		<pubDate>Tue, 16 Mar 2010 00:00:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[ATM / POS]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=582</guid>
		<description><![CDATA[Open Solutions Canada is now processing China UnionPay (CUP) cards through Interac. CUP&#8217;s 2.1 billion cards will be able to withdraw funds from participating ABMs on the Interac network while traveling in Canada.

Open Solutions Canada operates ABMs, accepts the designated cards, approves and settles the transactions on their POSHnet® network, and provides transaction authorization through [...]]]></description>
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		<title>China Mobile Poised to Buy into SPD Bank</title>
		<link>http://chinapaymentsnews.com/2010/03/china-mobile-poised-to-buy-into-spd-bank.html</link>
		<comments>http://chinapaymentsnews.com/2010/03/china-mobile-poised-to-buy-into-spd-bank.html#comments</comments>
		<pubDate>Tue, 09 Mar 2010 00:00:46 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Mobile]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=581</guid>
		<description><![CDATA[China Mobile is close to buying a stake in Shanghai Pudong Development Bank in a deal that could spur adoption of the carrier&#8217;s mobile payment system across the mainland, according to South China Morning Post.

Chairman Wang Jianzhou has confirmed that negotiations for the acquisition and potential strategic co-operation with the bank are nearing completion. Wang [...]]]></description>
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		<title>HKEx to Develop a Next Generation Data Centre</title>
		<link>http://chinapaymentsnews.com/2010/03/hkex-to-develop-a-next-generation-data-centre.html</link>
		<comments>http://chinapaymentsnews.com/2010/03/hkex-to-develop-a-next-generation-data-centre.html#comments</comments>
		<pubDate>Mon, 08 Mar 2010 00:30:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=580</guid>
		<description><![CDATA[Hong Kong Exchanges and Clearing Limited (HKEx) is set to start implementing a plan for a next generation data centre to meet its business expansion needs and its markets&#8217; long-term development needs. 

HKEx has received approval from Hong Kong Science &#038; Technology Parks Corporation to acquire an 11,000-square-metre site in Hong Kong&#8217;s Tseung Kwan O [...]]]></description>
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		<title>Western Union Signs Four Regional City Banks in China</title>
		<link>http://chinapaymentsnews.com/2010/03/western-union-signs-four-regional-city-banks-in-china.html</link>
		<comments>http://chinapaymentsnews.com/2010/03/western-union-signs-four-regional-city-banks-in-china.html#comments</comments>
		<pubDate>Wed, 03 Mar 2010 00:00:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=579</guid>
		<description><![CDATA[Western Union has signed agreements to offer Western Union Money Transfer services with Bank of Jilin, Bank of Harbin, Fujian Haixia Bank and Zhejiang Chouzhou Commercial Bank. These agreements extend Western Union&#8217;s network reach to the northeastern, southern and eastern regions of China.

&#8220;These regional city bank agent agreements are significant, as each bank is a [...]]]></description>
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		<title>Rakuten Forms e-Commerce JV with Baidu in China</title>
		<link>http://chinapaymentsnews.com/2010/03/rakuten-forms-e-commerce-jv-with-baidu-in-china.html</link>
		<comments>http://chinapaymentsnews.com/2010/03/rakuten-forms-e-commerce-jv-with-baidu-in-china.html#comments</comments>
		<pubDate>Tue, 02 Mar 2010 00:00:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[eCommerce]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=578</guid>
		<description><![CDATA[Japan-based Rakuten and Baidu have reached an agreement on the establishment of a joint venture through which the two companies jointly operate an Internet shopping mall in China.

The two companies plan to create the joint venture with capital of approximately ¥4.3 billion (total for the first 3 years, 1 RMB=13.11JPY ). Rakuten will own a [...]]]></description>
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		<title>VeriFone Invests in Chinese Mobile Payments Company</title>
		<link>http://chinapaymentsnews.com/2010/02/verifone-invests-in-chinese-mobile-payments-company.html</link>
		<comments>http://chinapaymentsnews.com/2010/02/verifone-invests-in-chinese-mobile-payments-company.html#comments</comments>
		<pubDate>Wed, 24 Feb 2010 00:00:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Mobile]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=576</guid>
		<description><![CDATA[VeriFone Holdings, Inc. has announced that it is co-lead investor in a reverse merger financing for Trunkbow International Holdings Ltd., a Jinan, People&#8217;s Republic of China-based mobile payments and value-added service applications company.

VeriFone invested $5.0 million of the approximately $22.5 million raised, giving VeriFone a pro-forma fully diluted ownership stake of 8.6%. The transaction values [...]]]></description>
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		<title>Bank of East Asia Implements Clear2Pay&#8217;s Open Payment Framework Technology</title>
		<link>http://chinapaymentsnews.com/2010/02/bank-of-east-asia-implements-clear2pay-open-payment-framework-technology.html</link>
		<comments>http://chinapaymentsnews.com/2010/02/bank-of-east-asia-implements-clear2pay-open-payment-framework-technology.html#comments</comments>
		<pubDate>Mon, 22 Feb 2010 00:00:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=577</guid>
		<description><![CDATA[Clear2Pay has announced that its Open Payment Framework technology is at the core of the Enterprise Services Bus (ESB) that has gone live at Bank of East Asia (BEA) in Shenzhen to support its entire business in China.

In this first phase of a move towards a Bank Payment Hub, the Enterprise Bus Server has gone [...]]]></description>
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		<title>Go Daddy Now Offering Customers Alipay</title>
		<link>http://chinapaymentsnews.com/2010/02/go-daddy-now-offering-customers-alipay.html</link>
		<comments>http://chinapaymentsnews.com/2010/02/go-daddy-now-offering-customers-alipay.html#comments</comments>
		<pubDate>Mon, 22 Feb 2010 00:00:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Online Payments]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=574</guid>
		<description><![CDATA[Go Daddy is adapting to its growing customer base in China by offering Alipay, China&#8217;s leading payment platform with more than 270 million registered users.

&#8220;We already have thousands of customers in China,&#8221; said Go Daddy CEO and Founder Bob Parsons. &#8220;Offering Alipay just makes doing business online with us that much easier – and that&#8217;s [...]]]></description>
		<wfw:commentRss>http://chinapaymentsnews.com/2010/02/go-daddy-now-offering-customers-alipay.html/feed</wfw:commentRss>
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		<item>
		<title>Longtop Wins Risk Management Contract</title>
		<link>http://chinapaymentsnews.com/2010/02/longtop-wins-risk-management-contract.html</link>
		<comments>http://chinapaymentsnews.com/2010/02/longtop-wins-risk-management-contract.html#comments</comments>
		<pubDate>Wed, 10 Feb 2010 00:00:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=569</guid>
		<description><![CDATA[Longtop Financial Technologies has won a contract with a Big Four bank in China to develop a Basel II Risk Management Data Mart, which is a critical part of the customer&#8217;s centralized market risk management system. 

Longtop will develop a Data Mart that collects transaction and market data from various data sources, makes necessary format [...]]]></description>
		<wfw:commentRss>http://chinapaymentsnews.com/2010/02/longtop-wins-risk-management-contract.html/feed</wfw:commentRss>
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		<title>Octopus Launches Automatic Add Value Service for BOC Credit Card Users</title>
		<link>http://chinapaymentsnews.com/2010/02/octopus-automatic-add-value-service-boc-credit-card.html</link>
		<comments>http://chinapaymentsnews.com/2010/02/octopus-automatic-add-value-service-boc-credit-card.html#comments</comments>
		<pubDate>Tue, 09 Feb 2010 00:00:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Cards]]></category>

		<guid isPermaLink="false">http://chinapaymentsnews.com/?p=573</guid>
		<description><![CDATA[Octopus Cards Limited has teamed up with Bank of China to introduce the Automatic Add Value Service (AAVS) in mainland China, bringing added convenience to cardholders of Great Wall International Credit Card. 

With AAVS, mainland customers, particularly frequent travellers between Hong Kong, Shenzhen and Guangdong province, can enjoy a hassle-free experience when shopping, dining or [...]]]></description>
		<wfw:commentRss>http://chinapaymentsnews.com/2010/02/octopus-automatic-add-value-service-boc-credit-card.html/feed</wfw:commentRss>
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