Fintech

Signaling greater financial cooperation between the two countries, Bank of China Ltd., one of the big four Chinese banks, has begun issuing a debit card in Thailand.

To make paying bills quicker and easier, state-owned telecommunication operator Bharat Sanchar Nigam Ltd. is partnering with card provider ItzCash Card Ltd. to launch a cobranded prepaid card in India.

NEW YORK – A federal judge this afternoon approved a settlement between the Justice Department and Visa and MasterCard that bars the two networks from enforcing anti-steering bylaws against merchants steering business to cheaper forms of payment.

The biggest trend in merchant acquiring this year is a concentration on developing and selling mobile card acceptance to micromerchants, a new report suggests.

Isis, the wireless carrier-led mobile-payments venture, just crossed off a relatively small but integral item on its to-do list in signing Visa Inc., American Express Co. and MasterCard Worldwide to its system.

Automatic Data Processing Inc., which does business as ADP, is providing multistate companies with a payroll system that complies with the electronic payroll regulations of all 50 states.

Fremont Bank customers in northern California are about to find out how much faster and safer their debit cards can be.

Boosted by a massive reduction in loan-loss reserves, Bank of America Corp.’s global cards unit produced second-quarter net income of $2 billion, up 142% from $826 million during the same period a year earlier, the company announced July 19.

Isis, the mobile carrier-led mobile payments venture that initially planned to compete against incumbent payment networks, now has formed relationships with them, it announced July 19.

American Express Co. wants to get closer to its legion of 2 million friends on Facebook.