On Wednesday, China’s central bank stated an application by a unit of American Express Co (AmEx) had been accepted. The status of the application was revealed in an official social media post from the People’s Bank of China (PBOC). The post did not elaborate on when AmEx can start operations in the country. In November…
The practice was confined to only small to mid-size businesses. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, American Express Co raised currency conversion rates for business clients without notifying its customers in advance; AmEx’s move was aimed at boosting its employee commission and revenues. The…
Hackers have managed to gain access to a treasure trove of critical information, including, names, phone numbers, payment card details, billing addresses and e-mails from the partner platform of Orbitz, a subsidiary of Expedia Inc. Orbitz, a subsidiary of online travel agency Expedia Inc has disclosed that hackers have been able to access personal information…
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