Technology

China’s second-largest mobile-network operator China Unicom has begun offering a contactless mobile-payment service in Beijing.

Tompkins Financial Corp. of Ithaca, N.Y., is one of many financial institutions that have been attacked by the sophisticated malicious software known as Zeus. Now it is fighting back–with sticks.

Five foreign banks in Malaysia have joined the Malaysian Electronic Payment System Sdn. Bhd., more commonly called the MEPS ATM network, network officials announced Dec. 28.

Qatar National Bank Ltd. has upgraded its eazypay mobile-payment platform to include merchant transactions, the Doha-based bank announced Dec. 29.

Intuit Inc. is offering its GoPayment mobile-payment service with free card readers and no monthly service fees to small merchants who sign up by mid-February, the Mountain View, Calif.-based company announced Jan. 10.

American Express Co. has appointed Toby Eduardo Redshaw executive vice president and chief information officer, replacing Stephen Squeri, who was promoted. Redshaw previously was global chief information officer for Aviva PLC.

Mopay Inc., a Germany-based mobile-payments company, anticipates that the fees charged for purchases applied to mobile-phone bills will decrease significantly by the end of the year.

Newly released terms of the Small Business Lending Fund are fueling fears that may discourage participation in the program.

Improved revenue growth in the Asia-Pacific region, Canada and the United States provided a welcome fiscal second-quarter boost for Global Payments Inc. But the merchant processor was unable to turn the rise in year-over-year revenue into a concurrent boost in net income, as one-time charges related to a reduction in employees in Canada affected company earnings.

Average U.S. consumer bankcard and private-label credit card charge-offs fell again in November, and that trend may continue into this year, according to new data Fitch Ratings Inc. released Jan. 4.